EX-99.1 2 tm238013d2_ex99-1.htm EXHIBIT 99.1

 

Exhibit 99.1 

 

FAIRFAX News Release 

TSX Stock Symbol: FFH and FFH.U

 

TORONTO, March 1, 2023

 

FAIRFAX ANNOUNCES QUARTERLY DIVIDEND ON SERIES C, D, E, F, G, H, I, J, K AND M PREFERRED SHARES AND QUARTERLY DIVIDEND RATE FOR SERIES D, F, H AND J PREFERRED SHARES

 

Fairfax Financial Holdings Limited (TSX: FFH and FFH.U) (“Fairfax”) announces that it has declared the following quarterly dividends per share on its preferred shares:

 

Series of Preferred Shares Dividend (C$) Payment Date Record Date
Series C 0.294313 March 31, 2023 March 15, 2023
Series D 0.45394 March 30, 2023
Series E 0.198938 March 31, 2023
Series F 0.39223 March 30, 2023
Series G 0.185125 March 31, 2023
Series H 0.41717 March 30, 2023
Series I 0.207938 March 31, 2023
Series J 0.43524 March 30, 2023
Series K 0.315313 March 31, 2023
Series M 0.312688 March 31, 2023

 

Applicable Canadian withholding tax will be applied to dividends payable to non-residents of Canada.

 

Fairfax has also determined the quarterly dividend rates in respect of the March 31, 2023 to June 29, 2023 dividend period for its other floating rate preferred shares. The rates, together with the dividends per share payable for such period (if and when declared), are set forth below:

 

Series of Preferred Shares Rate (%) Annualized Rate (%) Dividend (C$)
Series D 1.92322 7.71401 0.48080
Series F 1.67640 6.72401 0.41910
Series H 1.77612 7.12401 0.44403
Series J 1.84842 7.41401 0.46211

 

Fairfax is a holding company which, through its subsidiaries, is primarily engaged in property and casualty insurance and reinsurance and the associated investment management.

 

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For further information contact:       John Varnell, Vice President, Corporate Development at (416) 367-4941

 

FAIRFAX FINANCIAL HOLDINGS LIMITED

95 Wellington Street West, Suite 800, Toronto, Ontario, M5J 2N7 Telephone: 416-367-4941 Facsimile: 416-367-4946