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Fairfax Financial Holdings Ltd, Cumul 5Yr Rate Reset Preferred Shares, Series I
Ticker Symbol: FRFXF CUSIP: 303901847 Exchange: OTOTC
QUANTUMONLINE.COM SECURITY DESCRIPTION: Fairfax Financial Holdings Ltd, Cumulative 5 Year Rate Reset Preferred Shares, Series I, liquidation preference Cdn$25.00 per share, redeemable at the issuer's option on 12/31/2015 and every December 31st in every fifth year thereafter at Cdn$25 per share plus accrued and unpaid dividends, and with no stated maturity. Cumulative distributions of the Annual Fixed Dividend Rate will be paid quarterly on 3/31, 6/30, 9/30 & 12/31 to holders of record on the record date fixed by the board prior to the payment date (NOTE: the ex-dividend date is one business day prior to the record date). The Annual Fixed Dividend Rate will be 5.00% until the first redemption date, then it will be equal to the sum of the five-year non-callable Government of Canada bond on the applicable fixed rate calculation date plus 2.85%, resetting every 5 years thereafter on applicable fixed rate calculation date (see prospectus for more details). On 12/31/2015 and every December 31st in every fifth year there after the holder will have the right to convert their Fairfax Financial Holdings Ltd, Cumulative 5 Year Rate Reset Preferred Shares, Series I into Fairfax Financial Holdings Ltd, Cumulative Floating Rate Preferred Shares, Series J (see prospectus for more details). In regard to the payment of dividends and upon liquidation, the preferred shares rank junior to the company's senior debt, equally with other First Preferred shares of the company, and senior to the other series of shares of the company. See the IPO prospectus for further information.
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Go to Parent Company's Record (FRFHF)
Notes: Dec. 02, 2020 -- Fairfax Financial Holdings Limited (“Fairfax”) (TSX: FFH and FFH.U) announces that it has determined the fixed dividend rate on its Cumulative 5-Year Rate Reset Preferred Shares, Series I (the “Series I Shares”) (TSX: FFH.PR.I) for the five years commencing January 1, 2021 and ending December 31, 2025. The fixed quarterly dividends on the Series I Shares during that period, if and when declared, will be paid at an annual rate of 3.327% (C$0.207938 per share per quarter). Fairfax Financial Holdings Limited ("Fairfax") (TSX:FFH)(TSX:FFH.U) announces that it has determined the fixed dividend rate on its Cumulative 5-Year Rate Reset Preferred Shares, Series I ("Series I Shares") (TSX:FFH.PR.I) for the five years commencing January 1, 2016 and ending December 31, 2020 . The fixed quarterly dividends on the Series I Shares during that period, if and when declared, will be paid at an annual rate of 3.708% (Cdn. $0.23175 per share per quarter). All pricing is in Canadian dollars
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IPO - 9/28/2010 - 10.00 Million Shares @ $25.00Cdn/share.
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Company's Online Information Links
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Company's Online Government Filings Links |
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
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416-367-4941
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CEO - V. Prem Watsa |
CFO - Jennifer Allen |
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