EX-99.1 2 tm247745d1_ex99-1.htm EXHIBIT 99.1

 

Exhibit 99.1 

 

FAIRFAX News Release

 

TSX Stock Symbol: FFH and FFH.U

 

TORONTO, March 1, 2024

 

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 28, 2024 March 15, 2024
Series D 0.50499 March 27, 2024
Series E 0.198938 March 28, 2024
Series F 0.44396 March 27, 2024
Series G 0.185125 March 28, 2024
Series H 0.46862 March 27, 2024
Series I 0.207938 March 28, 2024
Series J 0.48649 March 27, 2024
Series K 0.315313 March 28, 2024
Series M 0.312688 March 28, 2024

 

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 28, 2024 to June 27, 2024 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 2.06231 8.18201 0.51558
Series F 1.81278 7.19201 0.45320
Series H 1.91360 7.59201 0.47840
Series J 1.98670 7.88201 0.49667

 

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

 

-30-

 

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