Does anyone know when they are scheduled to be published? Last year's report came on February 16.
It's Thursday, conference call Friday.http://www.fairfax.ca/news/press-releases/press-release-details/2018/CORRECTING-and-REPLACING----Fairfax-Announces-Conference-Call/default.aspx
The company has had excellent performance during the period from the closing of its initial public offering in January 2015 to December 31, 2017. As a result of that excellent performance, the company's book value per share of $14.46 at December 31, 2017 represented a compound annual growth rate during that period of 13.5% (15.5% prior to the performance fee described below) from the initial public offering price of $10.00 per share, outperforming the compound annual growth rate of the S&P USD BSE Sensex index of 5.9% during the same period.
In accordance with the Investment Advisory Agreement, which provides for the payment of a performance fee of 20% of the increase in book value per share in excess of a hurdle rate of 5% per annum, a performance fee of $114.4 million was earned by Fairfax Financial Holdings for the period from January 30, 2015 (the closing date of the company's initial public offering) to December 31, 2017. The performance fee will be paid during the first quarter of 2018 by the issuance of subordinate voting shares valued at $14.93 per share (the weighted average share trading price over the last 10 trading days in 2017).