TORONTO, April 19 /CNW/ - Kingsway Financial Services Inc. (NYSE, TSX: KFS) (the "Company") announced today that it has previously acquired beneficial ownership of an aggregate of 121,000 preferred, retractable, redeemable, cumulative units (the "Units") of Kingsway Linked Return of Capital Trust ("KLROC") at an average price of Cdn.$10.45 per Unit in cash, representing approximately 3.9% of the outstanding Units through a series of purchases on the Toronto Stock Exchange.
As a result of these acquisitions, the Company beneficially owns and controls 833,715 Units, representing approximately 26.72% of the issued and outstanding Units.
About the Company
Kingsway Financial Services Inc. ("Kingsway" or the "Company") focuses on non-standard automobile insurance in the United States of America. Kingsway's primary businesses are the insuring of automobile risks for drivers who do not meet the criteria for coverage by standard automobile insurers. The common shares of Kingsway Financial Services Inc. are listed on the Toronto Stock Exchange and the New York Stock Exchange, under the trading symbol "KFS".
SOURCE Kingsway Financial Services Inc.
For further information: For further information: and to obtain a copy of the report filed with respect to the acquisitions, please contact Dan Brazier, Chief Financial Officer of the Company at (905) 696-1259