Kingsway Financial (KFS): Mirabella Discloses 1.98M-Share Passive Ownership

Rhea-AI Filing Summary

Mirabella Financial Services LLP has updated its disclosure of ownership in Kingsway Financial Services Inc. common stock. The firm reports beneficial ownership of 1,983,825 common shares, representing 6.85% of Kingsway’s outstanding common stock as of the event date. Mirabella has sole power to vote and to dispose of all of these shares, with no shared voting or dispositive power.

The shares are held on behalf of Blue Riband Fund LP, for which Mirabella acts as investment manager. Mirabella certifies that the position is held in the ordinary course of business and that the securities were not acquired to change or influence control of Kingsway, but instead reflect a passive investment stake.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 1)

Kingsway Financial Services Inc

(Name of Issuer)

Common Stock, par value $0.01 per share

(Title of Class of Securities)

496904202

(CUSIP Number)

12/31/2025

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

SCHEDULE 13G

CUSIP No. 496904202

1

Names of Reporting Persons

Mirabella Financial Services LLP

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

UNITED KINGDOM

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 1,983,825.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 1,983,825.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

1,983,825.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

6.85 %

12

Type of Reporting Person (See Instructions)

IA

SCHEDULE 13G

Item 1.
(a)	Name of issuer: Kingsway Financial Services Inc
(b)	Address of issuer's principal executive offices: 10 S. Riverside Plaza, Ste 1520 Chicago, IL 60606
Item 2.
(a)	Name of person filing: Mirabella Financial Services LLP
(b)	Address or principal business office or, if none, residence: 11 Strand, London, WC2N 5HR
(c)	Citizenship: United Kingdom
(d)	Title of class of securities: Common Stock, par value $0.01 per share
(e)	CUSIP No.: 496904202
Item 3.	If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)	An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)	An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)	A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
(k)	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.	Ownership
(a)	Amount beneficially owned: 1,983,825
(b)	Percent of class: 6.85%
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: 1,983,825
	(ii) Shared power to vote or to direct the vote: 0
	(iii) Sole power to dispose or to direct the disposition of: 1,983,825
	(iv) Shared power to dispose or to direct the disposition of: 0
Item 5.	Ownership of 5 Percent or Less of a Class.
	Not Applicable
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	If any other person is known to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, such securities, a statement to that effect should be included in response to this item and, if such interest relates to more than 5 percent of the class, such person should be identified. A listing of the shareholders of an investment company registered under the Investment Company Act of 1940 or the beneficiaries of employee benefit plan, pension fund or endowment fund is not required. The shares are reported on behalf of Blue Riband Fund LP for which Mirabella Financial Services LLP acts as the Investment Manager. Mirabella has discretion to procedure the exercise of voting and dispositive power over the shares.
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	Not Applicable
Item 8.	Identification and Classification of Members of the Group.
	Not Applicable
Item 9.	Notice of Dissolution of Group.
	Not Applicable

Item 10.

Certifications:

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Mirabella Financial Services LLP

Signature:	Raj Somal
Name/Title:	Raj Somal | Partner Delivery Team Mirabella
Date:	01/09/2026

FAQ

What ownership stake in Kingsway Financial Services Inc (KFS) does Mirabella report?

Mirabella Financial Services LLP reports beneficial ownership of 1,983,825 Kingsway Financial Services Inc. common shares, representing 6.85% of the outstanding common stock.

Who is the reporting person in this Kingsway Financial Services Inc (KFS) Schedule 13G/A?

The reporting person is Mirabella Financial Services LLP, an investment adviser organized in the United Kingdom.

Does Mirabella have sole or shared voting power over its KFS shares?

Mirabella reports sole voting power and sole dispositive power over 1,983,825 Kingsway common shares, with no shared voting or dispositive power.

On whose behalf are Mirabella’s Kingsway (KFS) shares held?

The Kingsway shares are reported on behalf of Blue Riband Fund LP, for which Mirabella Financial Services LLP acts as the investment manager.

Is Mirabella’s stake in Kingsway Financial Services Inc (KFS) a passive investment?

Mirabella certifies that the securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control of Kingsway.

What class of Kingsway (KFS) securities does Mirabella’s filing cover?

The filing covers Common Stock of Kingsway Financial Services Inc., with a par value of $0.01 per share and CUSIP 496904202.