Atlas Clarifies Incorrect Recent Media Coverage Concerning its Common Shareholders

Rhea-AI Summary

Atlas Corp. (NYSE: ATCO) clarified recent media speculation regarding Fairfax Financial Holdings Limited's shareholding. Contrary to reports, Fairfax has not sold any Atlas common shares and remains a long-term partner. As per the amended Form 13F filed on November 17, 2021, Fairfax reported holdings of 99,981,389 Atlas shares as of September 30, 2021, indicating an increase from 99,932,826 shares as of June 30, 2021.

Positive

• Fairfax Financial maintains its commitment as a long-term partner.
• Increase in Fairfax's common shareholdings from June to September 2021.

Negative

• None.

LONDON, Nov. 17, 2021 /PRNewswire/ - Atlas Corp. ("Atlas") (NYSE: ATCO) is issuing a clarification relating to recent media coverage speculating that one of its strategic investors and major shareholders, Fairfax Financial Holdings Limited and certain affiliates thereof (collectively "Fairfax"), had reduced its common shareholdings in Atlas. Fairfax has not sold any Atlas common shares and remains a committed long-term partner. Fairfax, under its amended Form 13F filed with the U.S. Securities and Exchange Commission on November 17, 2021, reported holdings of 99,981,389 Atlas common shares as at September 30, 2021. This represents an increase from their previously reported holdings as at June 30, 2021, of 99,932,826 Atlas common shares.

About Atlas 
Atlas is a leading global asset management company, differentiated by its position as a best-in class owner and operator with a focus on deploying capital to create sustainable shareholder value. Atlas brings together an experienced asset management team with deep operational and capital allocation experience. We target long-term, risk adjusted returns across high quality infrastructure assets in the maritime sector, energy sector and other infrastructure verticals. Our two portfolio companies, Seaspan Corporation and APR Energy Ltd. are unique, industry-leading operating platforms in the global maritime and energy spaces, respectively. For more information visit atlascorporation.com.

About Fairfax
Fairfax Financial Holdings Limited is a holding company which, through its subsidiaries, is primarily engaged in property and casualty insurance and reinsurance and the associated investment management.

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SOURCE Atlas Corp.

FAQ

What did Atlas Corp. clarify about Fairfax Financial's shareholding?

Atlas Corp. clarified that Fairfax Financial has not sold any common shares and has increased its holdings.

What is the current number of Atlas shares held by Fairfax Financial?

Fairfax Financial holds 99,981,389 Atlas common shares as of September 30, 2021.

When was the clarification regarding Fairfax Financial's shareholding issued?

The clarification was issued on November 17, 2021.

How did Fairfax Financial's holdings change from June to September 2021?

Fairfax Financial's holdings increased from 99,932,826 shares in June to 99,981,389 shares in September 2021.