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Fairfax to make normal course issuer bid for 10 series of preferreds
Chicago, Sept. 28 Fairfax Financial Holdings Ltd. is starting a one-year normal course issuer bid for subordinate voting shares and 10 series of preferred shares, according to a press release.
Fairfax may offer to buy the following amounts during the purchase period that will end Sept. 29, 2024:
2,341,564 of its 24,353,736 outstanding subordinate voting shares, with a daily limit of 8,291;
751,034 of its 7,515,642 outstanding cumulative five-year rate reset preferred shares, series C, with a daily limit of 1,397;
178,415 of its 2,484,358 outstanding cumulative floating-rate preferred shares, series D, with a daily limit of 1,000;
543,613 of its 5,440,132 outstanding cumulative five-year rate reset preferred shares, series E, with a daily limit of 1,000;
175,309 of its 2,099,046 outstanding cumulative floating-rate preferred shares, series F, with a daily limit of 1,000;
771,984 of its 7,719,843 outstanding cumulative five-year rate reset preferred shares, series G, with a daily limit of 2,011;
228,015 of its 2,280,157 outstanding cumulative floating-rate preferred shares, series H, with a daily limit of 1,000;
1,042,010 of its 10,420,101 outstanding cumulative five-year rate reset preferred shares, series I, with a daily limit of 1,526;
157,989 of its 1,579,899 of outstanding cumulative floating-rate preferred shares, series J, with a daily limit of 1,000;
950,000 of its 9.5 million of outstanding cumulative five-year rate reset preferred shares, series K, with a daily limit of 1,000; and
919,600 of its 9.2 million outstanding cumulative five-year rate reset preferred shares, series M, with a daily limit of 1,000.
Under the companys existing normal course issuer bid, it has purchased 2,381,484 subordinate voting shares and no preferred shares through the open market during the last 12 months.
Fairfax is a Toronto-based financial services holding company that owns property and casualty insurance and reinsurance and investment management subsidiaries.
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