11:50 AM EST - Fairfax Financial Holdings Limited : has completed its previously announced public offering of Preferred Shares, Series K in Canada. As a result of the underwriters' exercising their option to purchase an additional 1,500,000 Series K Shares, Fairfax has issued 9,500,000 Series K Shares for gross proceeds of $237.5 million. Net proceeds of the issue, after commissions and expenses, are approximately $230 million. Fairfax Financial Holdings Limited
shares T.FFH are trading down $1.14 at $39.25.
