Fairfax Financial to Redeem Preferred Shares by Year-End

Fairfax Financial Holdings (TSE:FFH) has released an update.

Fairfax Financial Holdings has announced plans to redeem its outstanding Series C and D preferred shares on December 31, 2024, using funds from a recent public offering of senior notes. This move will involve the payout of approximately C$250 million, including accrued dividends, and the subsequent delisting of these shares from the Toronto Stock Exchange. Investors interested in Fairfax’s financial maneuvers should take note as this could impact the company’s stock dynamics.

For further insights into TSE:FFH stock, check out TipRanks’ Stock Analysis page.