Kingsway announces public offering of preferred units of an investment trust

Kingsway Financial Services Inc. filed a preliminary prospectus for a proposed public offering of preferred units of an investment trust. The trust will only be qualified by securities regulatory authorities in Canada and will be sold by both Scotia Capital Inc. and a newly formed underwriting syndicate.The net proceeds will be utilized as a source for additional capital for Kingsway’s operating subsidiaries as well as general corporate purposes, including the repayment of all or a portion of its revolving credit facility.