Company: FRFXF
Filing Date: 2025-10-09
Form Type: F-10/A
Source: 0001104659-25-098335
Chunk: 57

Company: FAIRFAX FINANCIAL HOLDINGS LTD/ CAN
Filing Date: 2025-10-09
Form: F-10/A
Chunk 57
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 and issuance costs) on August 14, 2025; (ii) purchases of $481.9 million of our subordinate voting shares for cancellation under our normal course issuer bid from July 1, 2025 to September 24, 2025; and (iii) cash used to finance the redemption of preferred shares, as described in footnote (6). (2) See note 15 to our audited consolidated financial statements as of and for the years ended December 31, 2024 and 2023 and note 11 to our unaudited interim consolidated financial statements as of and for the three and six months ended June 30, 2025, incorporated by reference in this short form prospectus, for details of our borrowings and credit facilities. (3) Borrowings — holding company does not reflect the issuance of the 2025 Canadian Senior Notes (net of discount and issuance costs) of approximately Cdn$694.6 million on August 14, 2025. (4) Net debt is a capital management measure that is calculated by the Company as total debt less holding company cash and investments (net of derivative obligations). See note 22 to our audited consolidated financial statements as of and for the years ended December 31, 2024 and 2023 and note 15 to our unaudited interim consolidated financial statements as of and for the three and six months ended June 30, 2025, incorporated by reference in this short form prospectus. (5) Common shareholders’ equity does not reflect purchases of $481.9 million of our subordinate voting shares for cancellation under our normal course issuer bid from July 1, 2025 to September 24, 2025. (6) Does not reflect the redemption of the Company’s outstanding Series G Preferred Shares and Series H Preferred Shares on September 30, 2025. See “Description of the Business — Recent Developments.” (7) Calculated as net debt (see footnote (4)) divided by net total capitalization which is calculated by the Company as the sum of total equity and net debt. See note 22 to our audited consolidated financial statements as of and for the years ended December 31, 2024 and 2023 and note 15 to our unaudited interim consolidated financial statements as of and for the three and six months ended June 30, 2025, incorporated by reference in this short form prospectus.

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