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Published on 11/7/2008 in the Prospect News Special Situations Daily.

Stilwell buys more than 2.61 million shares of Kingsway for 7.66% stake

By Lisa Kerner

Charlotte, N.C., Nov. 7 - Stilwell Value Partners III purchased 2,618,200 shares of Kingsway Financial Services Inc. common stock for a total of approximately $15.72 million between Sept. 8 and Nov. 5, according to a schedule 13D/A filed with the Securities and Exchange Commission.

Stilwell beneficially owns 4,217,600 shares, or 7.66%, of the Mississauga, Ont., property and casualty insurance company.


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