Fairfax Financial Holdings Limited

Fairfax Financial Holdings Limited

December 20, 2013 16:30 ET

Fairfax Announces Acquisition of Shares of Reitmans

TORONTO, ONTARIO--(Marketwired - Dec. 20, 2013) - Fairfax Financial Holdings Limited ("Fairfax") (TSX:FFH)(TSX:FFH.U) announced today that it has acquired, through its subsidiaries, 2,000,000 Class A non-voting shares ("Class A Shares"), representing 3.9% of the outstanding Class A Shares of Reitmans (Canada) Limited ("Reitmans"), bringing its total holdings in the company to 7,066,100 Class A Shares or approximately 13.8% of the total Class A Shares outstanding. The shares were purchased through the facilities of the Toronto Stock Exchange at a price of $6.35 per Class A Share for investment purposes. Fairfax continually reviews its investment alternatives and may purchase additional shares of Reitmans from time to time in accordance with applicable laws.

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

  • Fairfax Financial Holdings Limited
    John Varnell
    Vice President, Corporate Development
    (416) 367-4941