Fairfax launches NCIB to buy back up to 2,025,315 shares, 950,000 Series K preferred shares
Bitget2026/09/28 11:45- Fairfax Financial plans a normal course issuer bid to repurchase up to 2,025,315 subordinate voting shares from Sept. 30, 2026 to Sept. 29, 2027.
- The program also targets up to 950,000 Cumulative 5-Year Rate Reset Preferred Shares, Series K; preferred shares bought will be cancelled.
- Subordinate voting shares repurchased will be cancelled or held for share-based payment awards; daily TSX limits set at 15,137 shares.
- An automatic share purchase plan starts Sept. 30, 2026 to allow purchases during blackout periods under preset parameters.
- In the prior NCIB, Fairfax bought 1,593,566 subordinate voting shares at a volume-weighted average price of Cdn.$2,280.87; no preferred shares.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
BUZZ - Super Micro appoints Mark Long as Chief Financial Officer; shares fall
The US stock market opened mixed, with the Nasdaq down 331 points.
"Super bull" Yardeni lowers S&P year-end target: Earnings are not the problem, valuation is
Yardeni Research has lowered its year-end S&P 500 target to 7,900 points and reduced its valuation target to 18.6 times, mainly due to risk-off sentiment suppressing valuations rather than deteriorating earnings. Despite facing risk aversion and policy risks, Yardeni remains optimistic about corporate earnings and the medium-to-long-term economy, viewing pullbacks as buying opportunities.
BUZZ - First Horizon shares fall after third-quarter earnings report
Crypto prices
More
