Fairfax Announces Reset Dividend Rate on Its Series I Preferred Shares and 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 - Seite 2
As provided in the share conditions of the Series I Shares and the Series J Shares: (i) if Fairfax determines that there would be fewer than 1,000,000 Series I Shares outstanding after December 31, 2020, all remaining Series I Shares will be automatically converted into Series J Shares on a one-for-one basis effective December 31, 2020 and Fairfax will cause the return of all Series J Shares tendered for conversion into Series I Shares; and (ii) if Fairfax determines that there would be fewer than 1,000,000 Series J Shares outstanding after December 31, 2020, all remaining Series J Shares will be automatically converted into Series I Shares on a one-for-one basis effective December 31, 2020 and Fairfax will cause the return of all Series I Shares tendered for conversion into Series J Shares.
There are currently 10,465,553 Series I Shares and 1,534,447 Series J Shares outstanding. The Series I Shares and the Series J Shares are listed on the Toronto Stock Exchange under the trading symbols “FFH.PR.I” and “FFH.PR.J”, respectively.
Fairfax also 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 | December 31, 2020 |
December 15, 2020 |
Series D | 0.20788 | December 30, 2020 | |
Series E | 0.198938 | December 31, 2020 | |
Series F | 0.14550 | December 30, 2020 | |
Series G | 0.185125 | December 31, 2020 | |
Series H | 0.17070 | December 30, 2020 | |
Series I | 0.23175 | December 31, 2020 | |
Series J | 0.18898 | December 30, 2020 | |
Series K | 0.291938 | December 31, 2020 | |
Series M | 0.312688 | December 31, 2020 |