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Fairfax Financial signs letter of intent to buy Keg Royalties Income Fund
- On May 5, 2025, Fairfax Financial Holdings Ltd., which holds the largest stake in the Keg Royalties Income Fund, entered into a letter of intent to purchase the fund.
- Fairfax initiated the proposal due to its controlling stake, which exceeds 50 percent, while the fund noted the letter is not a definitive agreement.
- The deal offers $18.60 per unit in cash, valuing the fund at about $211 million, with notable support from the next largest unitholder holding 14.6 percent.
- According to LSEG Data & Analytics, shares of Keg ended Friday’s trading on the Toronto Stock Exchange at $14.22 before increasing by over 26 percent in early trading the next day.
- The agreement requires customary conditions, formal valuation, regulatory and unitholder approvals, and remains subject to a special meeting vote.
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6 Articles
6 Articles
The Keg Royalties Income Fund announced on Monday that it had signed a letter of intent for its acquisition by Fairfax Financial Holdings, its main shareholder.
·Montreal, Canada
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The Hamilton SpectatorReposted by 
Inside Halton
Inside HaltonThe Keg Royalties Income Fund Enters into a Letter of Intent in Respect of a Proposed Acquisition of All Issued and Outstanding Units at $18.60 per Unit
Not for distribution to U.S. News wire services or dissemination in the U.S.
·Hamilton, Canada
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Total News Sources6
Leaning Left5Leaning Right0Center1Last UpdatedBias Distribution83% Left
Bias Distribution
- 83% of the sources lean Left
83% Left
L 83%
C 17%
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