Allied World Assurance Form 4 Crescent Capital BDC / FINANCIAL HOLDINGS LTD/ CAN FAIRFAX ownership change

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person^*

WATSA V PREM ET AL

(Last) (First) (Middle)

95 WELLINGTON STREET WEST

SUITE 800

(Street)

TORONTO A6 M5J 2N7

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Crescent Capital BDC, Inc. [ CCAP ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

Director	X	10% Owner
Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
01/06/2022

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

	Form filed by One Reporting Person
X	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	01/06/2022		S		13,659	D	$18.01(1)(2)	3,207,054	I	See footnote(5)
Common Stock	01/07/2022		S		40,914	D	$18.03(3)(2)	3,166,140	I	See footnote(5)
Common Stock	01/10/2022		S		20,238	D	$18.02(4)(2)	3,145,902	I	See footnote(5)

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

1. Name and Address of Reporting Person^*

WATSA V PREM ET AL

(Last) (First) (Middle)

95 WELLINGTON STREET WEST

SUITE 800

(Street)

TORONTO A6 M5J 2N7

(City) (State) (Zip)

1. Name and Address of Reporting Person^*

FAIRFAX FINANCIAL HOLDINGS LTD/ CAN

(Last) (First) (Middle)

95 WELLINGTON STREET WEST

SUITE 800

(Street)

TORONTO A6 M5J 2N7

(City) (State) (Zip)

1. Name and Address of Reporting Person^*

SECOND 1109 HOLDCO LTD.

(Last) (First) (Middle)

95 WELLINGTON STREET WEST

SUITE 800

(Street)

TORONTO A6 M5J 2N7

(City) (State) (Zip)

1. Name and Address of Reporting Person^*

SIXTY TWO INVESTMENT CO LTD

(Last) (First) (Middle)

1600 CATHEDRAL PLACE

925 W GEORGIA ST

(Street)

VANCOUVER, BRITISH COLUMBIA A1 V6C 3L3

(City) (State) (Zip)

1. Name and Address of Reporting Person^*

Allied World Assurance Co Holdings, GmbH

(Last) (First) (Middle)

27 RICHMOND ROAD

GUBELSTRASSE 24

(Street)

PEMBROKE D0 HM 08

(City) (State) (Zip)

Explanation of Responses:

1. This transaction was executed in multiple trades at prices ranging from $18.00 to $18.06. The shares sold include 9,868 shares sold by Allied World Assurance Company, Ltd., GmbH ("Allied World") and 3,791 shares sold by Brit Reinsurance (Bermuda) Limited - FAL ("Brit"), which are both subsidiaries of Fairfax Financial Holdings Limited.

2. The price reported reflects the weighted average sale price. The reporting persons hereby undertake to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.

3. This transaction was executed in multiple trades at prices ranging from $18.00 to $18.15. The shares sold include 29,559 shares sold by Allied World and 11,355 shares sold by Brit.

4. This transaction was executed in multiple trades at prices ranging from $18.00 to $18.08. The shares sold include 14,621 shares sold by Allied World and 5,617 shares sold by Brit.

5. These securities are held by wholly-owned subsidiaries of Fairfax Financial Holdings Limited. Mr. Watsa is the CEO and controlling person of Fairfax Financial Holdings Limited through the other reporting persons. Each of the reporting persons disclaims beneficial ownership of the securities reported herein for purposes of Rule 16a-1(a) under the Securities Exchange Act of 1934, as amended (the "Exchange Act"), except to the extent of its or his pecuniary interest therein, if any. This report shall not be deemed an admission that any of the reporting persons is a beneficial owner for the purpose of Section 16 of the Exchange Act, or for any other purpose.

	/s/ V. Prem Watsa	01/10/2022
	/s/ Peter Clarke, Vice President and COO, on behalf of Fairfax Financial Holdings Ltd.	01/10/2022
	/s/ V. Prem Watsa, President, on behalf of The Second 1109 Holdco Ltd.	01/10/2022
	/s/ V. Prem Watsa, President, on behalf of The Sixty Two Investment Company Limited	01/10/2022
	/s/ Peter Clarke, Attorney-in-fact, on behalf of Allied World Assurance Company Holdings, Ltd	01/10/2022
	** Signature of Reporting Person	Date
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