Fairfax Financial announces intention to redeem cumulative preferred shares

Fairfax Financial (FRFHF) announced its intention to redeem all of its 7,719,843 outstanding Cumulative 5-Year Rate Reset Preferred Shares, Series G, and all of its 2,280,157 outstanding Cumulative Floating Rate Preferred Shares, Series H on September 30, 2025 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, less any tax required to be deducted and withheld by Fairfax. 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’s articles. Separately from the Redemption Price 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 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.