Fairfax Financial Holdings Limited

Fairfax Financial Holdings Limited

August 26, 2010 17:02 ET

Fairfax Announces Acquisition of Units of The Brick Group Income Fund

TORONTO, ONTARIO--(Marketwire - Aug. 26, 2010) -

(Note: All dollar amounts in this press release are expressed in Canadian dollars unless otherwise indicated.)

Fairfax Financial Holdings Limited (TSX:FFH)(TSX:FFH.U) announced today that it has acquired, through its subsidiaries, 2,666,400 Class A units ("Units") of The Brick Group Income Fund (the "Brick") at a price of $2.06 per Unit, bringing its total holdings of Units to 11,046,600 Units or approximately 19.99% of the total Units outstanding. The Units were purchased through the facilities of the Toronto Stock Exchange for investment purposes. Fairfax continually reviews its investment alternatives and may purchase additional securities of the Brick from time to time in accordance with applicable laws.

Fairfax also owns or controls, in the investment portfolios of its insurance subsidiaries, 53,317,100 Class A trust unit purchase warrants of the Brick, exercisable for an additional 53,317,100 Units. Assuming the exercise of all such warrants by Fairfax and no exercise of warrants by any other warrant holders, Fairfax would own or control, in the investment portfolios of its insurance subsidiaries, 64,363,700 Units representing approximately 59.3% of the total Units outstanding.

Fairfax Financial Holdings Limited is a financial services holding company which, through its subsidiaries, is engaged in property and casualty insurance and reinsurance and investment management. 

Contact Information

  • For further information or to obtain a copy of the early
    warning report filed with respect to this
    press release, contact:
    Fairfax Financial Holdings Limited
    John Varnell, Chief Financial Officer
    (416) 367-4941
    Media Contact
    Fairfax Financial Holdings Limited
    Paul Rivett
    Chief Legal Officer
    (416) 367-4941