QUANTUMONLINE.COM SECURITY DESCRIPTION:  Fairfax Financial Holdings Ltd, Cumulative Floating Rate Preferred Shares, Series H

Notes:  The quarterly floating rate dividends on the Series H Shares will be paid at an annual rate, calculated for each quarter, of 2.56% over the annual yield on three-month Government of Canada treasury bills. The actual quarterly dividend rate in respect of the September 30, 2020 to December 30, 2020 dividend period for the Series H Shares will be 0.68282% (2.70900% on an annualized basis) and the dividend for such dividend period, if and when declared, will be C$0.17070 per share, payable on December 30, 2020. From the 2014 Annual Report -- On December 31, 2014 holders of Series C preferred shares converted 3,983,616 shares into Series D preferred shares. ____________ Dec. 2, 2014) - Fairfax Financial Holdings Limited TSX:FFH)(TSX:FFH.U) announces that it has determined the fixed dividend rate on its Cumulative 5-Year Rate Reset Preferred Shares, Series C((TSX:FFH.PR.C) for the five years commencing January 1, 2015 and ending December 31, 2019, with the result that the quarterly dividends on the Series C Shares during that period will be paid at an annual rate equal to Cdn.$1.14450 per share. Holders of Series C Shares have the right, at their option, to convert all or part of their Series C Shares, on a one-for-one basis, into Cumulative Floating Rate Preferred Shares, Series D (the Series D Shares), effective December 31, 2014. The deadline for exercising this conversion privilege is 5:00 p.m. (Toronto time) on December 16, 2014. _________________ On October 5, 2009, the company issued 10,000,000 cumulative five-year rate reset preferred shares, Series C for Cdn$25.00 per share, resulting in net proceeds after commissions and expenses (net of tax of $2.2) of $227.2 (Cdn$244.5). _____________ The Series C notes are due in 2021 and are callable by OdysseyRe in 2011 at their par value plus accrued and unpaid interest. The interest rate is equal to three month LIBOR plus 2.5% and is reset after every payment date. The Series C preferred shares have a cumulative dividend rate of 5.75% per annum until December 31, 2014 and thereafter an annual rate to be reset every five years equal to the then current five-year Government of Canada bond yield plus 3.15%. The Series C preferred shares have a liquidation preference of Cdn$25.00 per share and are redeemable by the company on December 31, 2014 and on December 31 every five years thereafter at Cdn$25.00 per share. Holders of unredeemed Series C preferred shares will have the right, at their option, to convert their shares into Series D floating rate cumulative preferred shares on December 31, 2014, and on December 31 every five years thereafter. The Series D preferred shares (of which none are currently issued) will have a dividend rate equal to the three-month Government of Canada Treasury Bill yield current on December 31, 2014 or any subsequent five-year anniversary plus 3.15%.

Company's Online Information Links

HOME PAGE:     https://www.fairfax.ca/
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Company's Online News Releases	Go to News Releases
Online Company Profile	Go to Online Profile

Company's Online Government Filings Links

Company's SEC EDGAR Filings	Go to SEC Filings
Company's Canadian SEDAR Filings	Go to SEDAR Plus Filings

Address and Phone Numbers

Address:   95 Wellington Street West, Suite 800, Toronto, Ontario M5J 2N7 Canada
Main Phone Number	416-367-4941
Fax Number	416-367-4946
Investor Relations	416-367-4941

CEO - V. Prem Watsa

CFO - Jennifer Allen