Fairfax Financial announces intention to redeem cumulative preferred shares

Fairfax Financial (FRFHF) announced its intention to redeem all of its 5,440,132 outstanding Cumulative 5-Year Rate Reset Preferred Shares, Series E, all of its 2,099,046 outstanding Cumulative Floating Rate Preferred Shares, Series F, and all of its 9,200,000 outstanding Cumulative 5-Year Rate Reset Preferred Shares, Series M on March 31, 2025 at a redemption price equal to C$25.00 per share, for an aggregate total amount of approximately C$420.5 million, together with all accrued and unpaid dividends up to but excluding the Redemption Date, less any tax required to be deducted and withheld by Fairfax. Formal notice will be delivered to the sole registered holder of the Preferred Shares in accordance with the terms of the Preferred Shares of the applicable series as set out in Fairfax’s articles Separately from the Redemption Price, the final quarterly dividend of C$0.198938 per Series E Share will be paid in the usual manner to holders of Series E Shares on March 31, 2025, the final quarterly dividend of C$0.34773 per Series F Share will be paid in the usual manner to holders of Series F Shares on March 28, 2025, and the final quarterly dividend of C$0.312688 per Series M Share will be paid in the usual manner to holders of Series M Shares on March 31, 2025, in each case to shareholders of record on March 14, 2025.