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Fairfax closes second tranche of $1bn Seaspan investment

Fairfax Financial Holdings has closed the second round of its $1bn aggregate investment in Seaspan, exercising $250m of senior notes and warrants, netting the containership operator $500m. Fairfax continues to hold 25m seven-year warrants with an exercise price of $8.05

Fairfax's aggregate shareholdings in Seaspan now total about 36% of shares outstanding

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