On March 10, 2026, Fairfax Financial Holdings Limited (TSX: FFH and FFH.U), together with certain of its affiliates, announced that it entered into agreements to sell an aggregate of 67,618,981 common shares of Poseidon Corp., the holding company that owns Seaspan Corporation, at a price of US$28.30 per share (approximately C$38.40 per share), for aggregate proceeds of approximately US$1.91 billion (approximately C$2.59 billion). The shares are being sold by way of separate agreements to an existing Poseidon shareholder, which is increasing its ownership position with 37,820,167 shares, and two new strategic investors acquiring 9,932,937 shares and 19,865,877 shares, respectively. The shares being sold represent approximately 23.2 percent of the total issued and outstanding common shares of Poseidon. Following the transaction, Fairfax would retain an equity ownership of approximately 22.1 percent of the issued and outstanding common shares, as well as 12,000,000 Series J preferred shares in the capital of Poseidon's wholly-owned subsidiary, Atlas Corp., which Poseidon acquired in 2023 as part of its all-cash going-private transaction valued at approximately US$10.9 billion (approximately C$14.79 billion). Torys LLP is acting as counsel to Fairfax Financial, with a team led by Michael Horwitz and that includes Nick Glaudermans and Shree Gandhi (corporate/M&A), John Tobin, David Mattingly, and Michael Sims (tax). The transaction is expected to close in the second quarter of 2026, subject to customary closing conditions, including the receipt of regulatory approvals and third-party consents.