(FFH) TORONTO, Aug. 29, 2025 (GLOBE NEWSWIRE) -- Fairfax Financial Holdings Limited (âFairfaxâ) (TSX: FFH and FFH.U) today announced its intention to redeem (i) all of its 7,719,843 outstanding Cumulative 5-Year Rate Reset Preferred Shares, Series G (the âSeries G Sharesâ), and (ii) all of its 2,280,157 outstanding Cumulative Floating Rate Preferred Shares, Series H (the âSeries H Sharesâ and, together with the Series G Shares, the âPreferred Sharesâ) on September 30, 2025 (the âRedemption Dateâ) at a redemption price equal to C$25.00 per share, for an aggregate total amount of C$250.0 million, together with all accrued and unpaid dividends up to but excluding the Redemption Date (the âRedemption Priceâ), less any tax required to be deducted and withheld by Fairfax.
Related Questions
What is the market price of the Series G and H preferred shares relative to the C$25 redemption price?
How will the redemption affect Fairfax's balance sheet, particularly cash reserves and leverage ratios?
Will the redemption lead to any changes in dividend policy or capital allocation for common shareholders?