The Canadian Press

Fairfax Financial Holdings Ltd. (TSX:FFH) said Thursday it plans to voluntarily delist its subordinate voting shares from the New York Stock Exchange.

The company’s subordinate voting shares will continue to be listed on the Toronto Stock Exchange, where they will be traded in both Canadian and U.S. dollars.

The delisting on the New York Stock Exchange is expected to be effective Dec. 10.

“While our decentralized operations have global reach, after reviewing the factors relevant to our continued listing on the NYSE, we determined that our company and its shareholders will be better served by the simplified focus and lower cost resulting from the maintenance of only our original TSX listing,” chairman and chief executive Prem Watsa said in a statement.

“The voluntary delisting will have no impact on our ongoing strategic and operating philosophy nor on our very substantial presence in the United States and our presence in the other global markets in which we operate.”

Fairfax Financial is a financial services holding company involved in property and casualty insurance, reinsurance and investment management.