Kingsway 2007 General Partnership announces expiration and final results of its partial tender offer for its Unsecured 6% Debentures due July 11, 2012

    TORONTO, Aug. 17 /CNW/ - Kingsway 2007 General Partnership (the
"Offeror"), an indirect wholly-owned subsidiary of Kingsway Financial Services
Inc., announced the expiration of its previously announced modified "Dutch
Auction" tender offer (the "Offer") for up to C$31 million aggregate principal
amount of its outstanding unsecured 6% debentures due July 11, 2012 (the
"Debentures") and released information regarding the final results of the
    The Offer expired Friday, August 14, 2009 at 5:00 p.m., (Toronto time)
with valid tenders (that were not withdrawn) of C$9,174,000 in aggregate
principal amount of Debentures. The Offeror has accepted for purchase all such
tendered Debentures at the highest price specified of C$620 per C$1,000
principal amount.
    Holders of Debentures that were accepted for purchase will receive $620
per $1,000 principal amount and will be paid accrued and unpaid interest on
such Debentures calculated from the last interest payment date (July 10, 2009)
up to, but excluding, the date of payment (the "Settlement Date"). The
Settlement Date for the Offer is expected to be August 20, 2009. All
Debentures purchased in the Offer will be retired.
    Ogilvy Renault LLP is legal counsel to KFS and the Offeror. Kingsdale
Shareholder Services Inc. is the Depositary and Information Agent for the
    Questions regarding the Offer or requests for copies of the Offer
Documentation should be directed to Kingsdale Shareholder Services Inc. at The
Exchange Tower, 130 King Street West, Suite 2950, P.O. Box 361, Toronto,
Ontario M5X 1E2, North American Toll-Free Phone Number 1-866-581-1570, Toll
Free Fax 1-866-545-5580 or at
    This announcement is for informational purposes only and does not
constitute or form part of any offer or invitation to purchase, otherwise
acquire, subscribe for, sell, otherwise dispose of or issue, or any
solicitation of any offer to sell, otherwise dispose of, issue, purchase,
otherwise acquire or subscribe for, Debentures or any other security. The
Offer was made exclusively by means of, and subject to the terms and
conditions set out in, the Offer Documentation.
    The Offer was not made to holders of Debentures in any jurisdiction in
which the making or acceptance thereof would not be in compliance with the
securities or other laws of such jurisdiction.

For further information:

For further information: Carol Dixon, Kingsdale Shareholder Services
Inc., Telephone: 1-866-581-1570, Toll Free Facsimile: 1-866-545-5580, Email:

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