Intention to Make a Normal Course Issuer Bid for Subordinate Voting Shares and Preferred Shares

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Postmedia has not reviewed the content. by GlobeNewswire Intention to Make a Normal Course Issuer Bid for Subordinate Voting Shares and Preferred SharesAuthor of the article:TORONTO, Sept. 28, 2026 (GLOBE NEWSWIRE) — Fairfax Financial Holdings Limited (“Fairfax”) (TSX: FFH and FFH.U) announces that the Toronto Stock Exchange (the “TSX”) has accepted a notice filed by Fairfax of its intention to commence a Normal Course Issuer Bid (“NCIB”) through the facilities of the TSX (or other alternative Canadian trading systems) for its Subordinate Voting Shares and Cumulative 5-Year Rate Reset Preferred Shares, Series K (the “Series K Shares”) (TSX: FFH.PR.K). Purchases will be made in accordance with the rules and policies of the TSX. Subordinate Voting Shares purchased will be either cancelled or reserved for share-based payment awards and Series K Shares purchased will be cancelled.THIS CONTENT IS RESERVED FOR SUBSCRIBERS ONLYSubscribe now to read the latest news in your city and across Canada.Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman, and others.Daily content from Financial Times, the world's leading global business publication.Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.Daily puzzles, including the New York Times Crossword.SUBSCRIBE TO UNLOCK MORE ARTICLESSubscribe now to read the latest news in your city and across Canada.Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman and others.Daily content from Financial Times, the world's leading global business publication.Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.Daily puzzles, including the New York Times Crossword.REGISTER / SIGN IN TO UNLOCK MORE ARTICLESCreate an account or sign in to continue with your reading experience.Access articles from across Canada with one account.Share your thoughts and join the conversation in the comments.Enjoy additional articles per month.Get email updates from your favourite authors.THIS ARTICLE IS FREE TO READ REGISTER TO UNLOCK.Create an account or sign in to continue with your reading experience.Access articles from across Canada with one accountShare your thoughts and join the conversation in the commentsEnjoy additional articles per monthGet email updates from your favourite authorsSign In or Create an AccountThis advertisement has not loaded yet, but your article continues below.As stated in the notice, Fairfax’s board of directors has approved the purchase on the TSX, during the period commencing September 30, 2026 and ending September 29, 2027, of Subordinate Voting Shares and Series K Shares up to the following limits:Get the latest headlines, breaking news and columns.By signing up you consent to receive the above newsletter from Postmedia Network Inc.A welcome email is on its way. If you don't see it, please check your junk folder.The next issue of Top Stories will soon be in your inbox.We encountered an issue signing you up. Please try again Limit on Purchases Securities Outstanding1 Public Float Average Daily Trading Volume Total Limit2 Daily Limit3Subordinate Voting Shares20,823,876 20,253,151 60,551 2,025,315 15,137Series K Shares9,500,000 9,500,000 8,907 950,000 2,226 Notes1.As of September 16, 2026.2.Represents approximately 10% of the public float in respect of each of the Subordinate Voting Shares and the Series K Shares.3.Represents the maximum number of shares of that class or series that may be purchased over the TSX during the course of one trading day. This amount is equal to the greater of (i) 25% of the average daily trading volume on the TSX calculated in accordance with the rules of the TSX, and (ii) 1,000 shares. This limitation does not apply to purchases made pursuant to block purchase exemptions. Fairfax is making this NCIB because it believes that in appropriate circumstances its Subordinate Voting Shares and Series K Shares represent an attractive investment opportunity and that, with respect to the Subordinate Voting Shares, purchases under the bid will enhance the value of the Subordinate Voting Shares held by the remaining shareholders.This advertisement has not loaded yet, but your article continues below.Pursuant to its existing normal course issuer bid, Fairfax sought and received approval from the TSX to purchase up to 2,187,316 Subordinate Voting Shares, 1,042,010 Cumulative 5-Year Rate Reset Preferred Shares, Series I, 157,989 Cumulative 5-Year Rate Reset Preferred Shares, Series J and 950,000 Series K Shares. Under its existing normal course issuer bid, Fairfax has purchased 1,593,566 of its Subordinate Voting Shares, which included Subordinate Voting Shares reserved for share-based payment awards, through open market purchases on the TSX and other alternative Canadian trading systems during the last twelve months at a volume weighted average price per share of Cdn.$2,280.87. Fairfax has not purchased any preferred shares under its existing normal course issuer bid.Fairfax also announces that it has entered into an automatic share purchase plan (the “ASPP”) with a designated broker to allow for the purchase of its Subordinate Voting Shares and Series K Shares under the NCIB at times when Fairfax normally would not be active in the market due to applicable regulatory restrictions or internal trading black-out periods. Before the commencement of any particular internal trading black-out period, Fairfax may, but is not required to, instruct its designated broker to make purchases of Subordinate Voting Shares and/or Series K Shares under the NCIB during the ensuing black-out period in accordance with the terms of the ASPP. Such purchases will be determined by the broker in its sole discretion based on parameters established by Fairfax prior to commencement of the applicable black-out period in accordance with the terms of the ASPP and applicable TSX rules. Outside of these black-out periods, Subordinate Voting Shares and Series K Shares will be purchasable by Fairfax at its discretion under its NCIB.This advertisement has not loaded yet.This advertisement has not loaded yet, but your article continues below.The ASPP is effective as of September 30, 2026 and will terminate on the earliest of the date on which: (a) the maximum annual purchase limit in respect of the Subordinate Voting Shares and the Series K Shares under the NCIB has been reached; (b) the NCIB expires; or (c) Fairfax terminates the ASPP in accordance with its terms. The ASPP constitutes an “automatic securities purchase plan” under applicable Canadian securities laws.Fairfax is a holding company which, through its subsidiaries, is primarily engaged in property and casualty insurance and reinsurance and the associated investment management.For further information contact:John Varnell, Vice President, Corporate Development at (416) 367-4941This advertisement has not loaded yet.Notice for the Postmedia NetworkThis website uses cookies to personalize your content (including ads), and allows us to analyze our traffic. Read more about cookies here. By continuing to use our site, you agree to our Terms of Use and Privacy Policy.