Kingsway Financial approves new Share Repurchase Program

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Go back to Kingsway Financial approves new Share Repurchase Program

Kingsway Financial (KFS) Approves 5% Common Stock Buyback Plan

November 23, 2015 9:01 AM EST

Kingsway Financial (NYSE: KFS) announced that its Board of Directors (the "Board") has approved a program to repurchase up to 5%, or nearly 1 million shares, of its currently issued and outstanding common stock (the "Share Repurchase Program").

Larry G. Swets, Jr., President and Chief Executive Officer, stated, "Capital management has always been a focus given management's and the Board's significant ownership of the Company. We have used our capital to eliminate past legacy issues and control our debt obligations. With the recent announcement of the payment to our Trust Preferred trustees of all... More