{"id":49947,"date":"2025-09-01T10:05:56","date_gmt":"2025-09-01T14:05:56","guid":{"rendered":"https:\/\/prefblog.com\/?p=49947"},"modified":"2025-09-01T10:05:56","modified_gmt":"2025-09-01T14:05:56","slug":"ffh-pr-g-ffh-pr-h-to-be-redeemed","status":"publish","type":"post","link":"https:\/\/prefblog.com\/?p=49947","title":{"rendered":"FFH.PR.G & FFH.PR.H To Be Redeemed"},"content":{"rendered":"

Fairfax Financial Holdings Limited has announced<\/a>:<\/p>\n

its intention to redeem (i) all of its 7,719,843 outstanding Cumulative 5-Year Rate Reset Preferred Shares, Series G (the \u201cSeries G Shares\u201d), and (ii) all of its 2,280,157 outstanding Cumulative Floating Rate Preferred Shares, Series H (the \u201cSeries H Shares\u201d and, together with the Series G Shares, the \u201cPreferred Shares\u201d) on September 30, 2025 (the \u201cRedemption Date\u201d) 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 \u201cRedemption Price\u201d), less any tax required to be deducted and withheld by Fairfax.<\/p>\n

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\u2019s articles.<\/p>\n

Separately from the Redemption Price, (i) the final quarterly dividend of C$0.185125 per Series G Share will be paid in the usual manner to holders of Series G Shares on September 30, 2025, and (ii) the final quarterly dividend of C$0.32792 per Series H Share will be paid in the usual manner to holders of Series H Shares on September 29, 2025, in each case to shareholders of record on September 15, 2025.<\/p>\n

Non-registered holders of Preferred Shares should contact their broker or other intermediary for information regarding the redemption process for the series of Preferred Shares in which they hold a beneficial interest. Fairfax\u2019s transfer agent for the Preferred Shares is Computershare Trust Company of Canada (\u201cComputershare\u201d). Questions regarding the redemption process may be directed to Computershare at 1-800-564-6253 or by email to corporateactions@computershare.com.<\/p>\n

Following the redemption on September 30, 2025, the Series G Shares and the Series H Shares will be delisted from and no longer trade on the Toronto Stock Exchange (\u201cTSX\u201d).<\/p>\n

Fairfax is a holding company which, through its subsidiaries, is primarily engaged in property and casualty insurance and reinsurance and the associated investment management.<\/p>\n

For further information contact: John Varnell, Vice President, Corporate Development at (416) 367-4941<\/p><\/blockquote>\n

FFH.PR.G was issued as a FixedReset 5.00%+256, which commenced trading July 28, 2010<\/a> after being announced July 20, 2010<\/a>. It reset to 3.318%<\/a> in 2015. I recommended that holders continue holding the issue<\/a>, but there was a 26% conversion anyway<\/a>. The issue reset To 2.962%<\/a> in 2020.<\/p>\n

FFH.PR.H is a FloatingReset, Bills+256, that arose out of a partial conversion from FFH.PR.G<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

Fairfax Financial Holdings Limited has announced: its intention to redeem (i) all of its 7,719,843 outstanding Cumulative 5-Year Rate Reset Preferred Shares, Series G (the \u201cSeries G Shares\u201d), and (ii) all of its 2,280,157 outstanding …<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[13],"tags":[],"class_list":["post-49947","post","type-post","status-publish","format-standard","hentry","category-issue-comments"],"_links":{"self":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/49947","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=49947"}],"version-history":[{"count":1,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/49947\/revisions"}],"predecessor-version":[{"id":49948,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/49947\/revisions\/49948"}],"wp:attachment":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=49947"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=49947"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=49947"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}