Parsad Posted January 16, 2013 Share Posted January 16, 2013 Re-opening of the 2022 debt offering. Cheers! http://finance.yahoo.com/news/fairfax-launches-250-million-opening-195600081.html Link to comment Share on other sites More sharing options...
StubbleJumper Posted January 17, 2013 Share Posted January 17, 2013 So, in other words, pay out $200m in divvies at the end of January, and then borrow $250m more? I don't get it... Link to comment Share on other sites More sharing options...
ourkid8 Posted January 17, 2013 Share Posted January 17, 2013 Last time they paid a dividend and then issued shares to purchase I believe it was Zenith. That stung as they could have paid the minimum $2 dividend and used the money saved for the acquisition. What I learned is that this dividend is a priority for Fairfax and we have to learn to live with it. S So, in other words, pay out $200m in divvies at the end of January, and then borrow $250m more? I don't get it... Link to comment Share on other sites More sharing options...
rranjan Posted January 17, 2013 Share Posted January 17, 2013 What I learned is that this dividend is a priority for Fairfax and we have to learn to live with it. S My understanding -- Dividend is meant to supplement modest salary of management. It helps them to avoid selling their stake in FFH. Link to comment Share on other sites More sharing options...
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