
Fairfax to Redeem All SeriesâŊI & J Preferred Shares on December 31, 2025
âĒBy ADMIN
Related Stocks:FRFHF
Fairfax Financial Holdings Limited announced on November 28, 2025 that it intends to redeem all of its outstanding cumulative preferred shares of two types â 10,420,101 shares of SeriesâŊI (5âYear Rate Reset) and 1,579,899 shares of SeriesâŊJ (Floating Rate) â on December 31, 2025 (the âRedemption Dateâ).
The redemption will be at C$25.00 per share, amounting to a total of C$300.0âŊmillion, plus any accrued but unpaid dividends up to (but not including) the redemption date, minus any required withholding tax.
In addition, holders of SeriesâŊI will receive a final quarterly dividend of C$0.207938 per share on December 31, 2025; holders of SeriesâŊJ will receive a final dividend of C$0.34727 per share on December 30, 2025, for those on record as of December 15, 2025.
After redemption, both SeriesâŊI and SeriesâŊJ shares will be delisted and will no longer trade on the Toronto Stock Exchange (TSX).
Fairfax noted that formal notice has been delivered to the sole registered holder, and that nonâregistered holders should contact their broker or intermediary to complete the redemption process, with assistance available through Computershare Trust Company of Canada.
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