by Alika Hepburn Alika Hepburn No Comments

Commonwealth Bank Lists Preference Shares on BISX

The Bahamas International Securities Exchange (BISX) announced today that Commonwealth Bank Limited (“CBL”) has successfully completed the listing process for its Class E,J,K,L,M and N Preference Shares (The Preference Shares). The Shares have been added to the roster of securities listed on the Exchange and will trade through the BISX Automated Trading System (BATS). Each tranche of Preference Shares will trade separately and independently on the Exchange under its own symbol. The Symbols are listed below:

  1. Commonwealth Bank Limited Class E Preferred Shares – CBLE
  2. Commonwealth Bank Limited Class E Preferred Shares – CBLJ
  3. Commonwealth Bank Limited Class E Preferred Shares – CBLK
  4. Commonwealth Bank Limited Class E Preferred Shares – CBLL
  5. Commonwealth Bank Limited Class E Preferred Shares – CBLM
  6. Commonwealth Bank Limited Class E Preferred Shares – CBLN

These Preference shares become the 6th preference share issue to be listed on the Exchange. However this is the first instance that BISX has had 6 tranches of Preference Shares listed at once. This brings the total number of preference shares listed on the Exchange to 11 and the total number of secondary issues to 15. Eligible secondary Issues include any security issued by a public company that is already listed on the Exchange. Included in the secondary listing category are corporate bonds, warrants and preference shares.

Commonwealth Bank’s Chairman, Mr. William Sands Jr. was enthusiastic in completing the Share Listing. “With these listings, we have now listed all our equity instruments on BISX, giving our current and future shareholders easy access to buy and sell the company’s shares”. He added “Ever since our initial Common Share listing in 2000, we have supported the development of the Bahamas Capital Markets. The Preference Share listing complements our Common Share listing so that investors have a choice of equity or fixed interest instruments.”

Speaking about the Preference Shares listing, Keith Davies, the BISX Chief Executive Officer stated: “We congratulate Commonwealth Bank on this positive bold move of listing its 6 tranches of preference shares all at once on the Exchange. By listing these Preference shares on the Exchange, Commonwealth is allowing its preference shareholders increased liquidity through being listed on the national stock exchange of The Bahamas. We appreciate and are always aware of the fact that listing is a choice and we are grateful that Commonwealth Bank was one of the several issuers that listed on the Exchange from inception and since that time has remained a key supporter of the Exchange and by extension the securities market. We value their continued support and we will continue to take the necessary steps and do those things which have established BISX as a trusted, independent market for the listing and trading of securities in the country for the last 15 years.”

NOTE: Attached to this message is the BISX Formal Trading Notices for the Commonwealth Bank Limited Class E, J, K, L, M, and N Preference Shares. These notices advise the public of the securities to be listed on the Exchange and the trading symbols of the listed securities.

For Additional Information Contact:

Mrs. Elude Michel Sturrup

BISX

Tel: 242-323-2330

Fax: 242-323-2320

Email: info@bisxbahamas.com

by Alika Hepburn Alika Hepburn No Comments

BISX Adds a New Member and Lists 3 Sub-Funds

The Bahamas International Securities Exchange (BISX) is pleased to announce that Colonial Pension Services (Bahamas) Ltd. (“Colonial Pension”) has applied for and been approved as a BISX Sponsor Member. BISX Sponsor Members are responsible for bringing mutual fund listings to the Exchange and acting as the first point of contact for mutual funds while they are engaged in the listing application process with the Exchange. Colonial Pension Services becomes the eighth Sponsor Member to join BISX, and brings to the Exchange a wealth of experience in the areas of wealth and pension fund management.

Larry Gibson CFA, Vice President commenting on this achievement said “Having established ourselves as a regional and international pension administrator and investment manager, Colonial Pension is pleased to take this next step towards consolidating ourselves as the premier pension provider in the Bahamas. As the newest BISX Sponsor Member, this is yet another affirmation of our commitment to the development of the Bahamian pension industry”.

Immediately after approval as a BISX Sponsor Member, Colonial Pension submitted an application to list three sub-funds of the Colonial Bahamas Fund on BISX, under the Exchange\’s mutual fund listing facility. These three funds have been approved for listing and will now have their information disseminated via the BISX Website. Colonial Bahamas Fund Class D, Colonial Bahamas Fund Class E, and Colonial Bahamas Fund Class F are open-ended investment sub-funds of the Colonial Bahamas Fund.

BISX Chief Executive Officer; Keith Davies commenting on the admission of Colonial Pension as a BISX Sponsor Member stated, \”We are pleased to have such a positive development in the first quarter of 2015. By Colonial Pension joining BISX as a Sponsor Member, they are now able to bring mutual fund listings directly to BISX, and BISX is able to direct business inquiries to this new Member. We believe that this affiliation in conjunction with their existing Membership as a BISX Broker Dealer Member will allow Colonial Pension to pursue new business opportunities while offering more services to their existing clients.

The three sub-funds of the Colonial Bahamas Fund will each have their own Net Asset Value listed on BISX and posted on the Exchange\’s website. These series are being created as Bahamian Depository Receipts (BDRs) and the underlying investments will be in global securities.

The three sub-funds are:

• Colonial Bahamas Fund Class D shares whose investment objective is the preservation of capital whilst minimizing overall risk.

• Colonial Bahamas Fund Class E shares whose investment objective is to achieve moderate growth within a medium to long term frame with moderate risk.

• Colonial Bahamas Fund Class F shares whose investment objective is to generate long term capital by investing in higher risk assets.

Commenting on the addition of a new mutual fund listing on the Exchange, Mr. Davies stated, \”We are pleased with the addition of these three sub-funds of the Colonial Bahamas Fund to BISX. These funds add three new options to the investment products available to the Bahamian investing public via the Exchange. This offering also furthers the BISX aim of encouraging an investing culture in The Bahamas. Our market is continuing to expand as new products and new entrants continue to recognize the potential of the Bahamian marketplace.\”

Desiree Parker CFA, Assistant Vice President and Portfolio Manager for the Colonial Bahamas Fund said that “The addition of these new share classes will provide significant diversification opportunities to our clients either directly or through our existing investment products. We currently have relationships with an array of ‘best-in-class’ global managers whom we utilize for our non-Bahamian block of business, and the creation of these new sub-classes will allow us to offer that expertise to our local clients.”

Colonial Pension Services (Bahamas) Limited served as the BISX Sponsor Member that brought this Fund to the Exchange. Colonial Pension Services (Bahamas) Limited has also been appointed as the Administrator and Investment Manager for this Fund.

NOTE: Attached to this Press Release is the BISX Formal Trading Notice for Colonial Bahamas Fund Class D, Colonial Bahamas Fund Class E, and Colonial Bahamas Fund Class F. This notice advises the public of the securities to be listed on the Exchange and the trading symbols of the listed securities.

For Additional Information Contact:

Elude Michel-Sturrup

Tel: 242-323-2330

Fax: 242-323-2320

Email: info@bisxbahamas.com

by Alika Hepburn Alika Hepburn No Comments

Royal Fidelity Bahamas Int’l Inv. Fund Lists 2 Sub-Funds

FOR IMMEDIATE PUBLICATION – Tuesday 31 March 2015

The Bahamas International Securities Exchange (BISX) is pleased to announce that the Royal Fidelity Bahamas International Investment Fund a BISX-listed fund has submitted an application to list two additional sub-funds on the Exchange’s Mutual Fund Listing Facility. These sub-funds have been approved for listing by the BISX Listing Committee and will now have their information disseminated via the BISX Website.

The Royal Fidelity Bahamas International Investment Fund High Yield Income Fund and the Royal Fidelity Bahamas International Investment Fund Alternative Strategies Fund are open-ended investment funds. Royal Fidelity Bahamas International Investment Fund – Class C Shares – High Yield Income Fund seeks a rate of return in excess of the Benchmark by investing in a portfolio of global and regional fixed income securities. Royal Fidelity Bahamas International Investment Fund – Class D Shares – Alternative Strategies Fund seeks to provide access to alternative investment managers, generally employing long-short equity investment strategies, to provide upside growth potential with substantially less volatility than the S&P500 Index. Both funds take advantage of the Central Bank of The Bahamas Exchange Control Liberalization Programme (the “Programme”) which allows BISX Broker-Dealer Members to create securities that have as their underlying basis international securities.

BISX Chief Executive Officer; Keith Davies commented on the listing of the two sub-funds. “We are pleased to have been able to provide a platform where the creativity and innovation of our Broker-Dealer Members can be put to good use for the benefit of investors. Through the various Funds that Royal Fidelity has created under the Programme, investors have been able to access many new asset classes that were previously unavailable to Bahamian retail investors.”

Royal Fidelity Vice President and head of Mutual Funds, Joseph Euteneuer, agreed. “The Alternative Strategies Fund is the only hedge fund vehicle available to local investors,” he said. “Our goal is to provide international equity investment exposure without the extreme volatility that can sometimes go along with it, through a portfolio of long/short hedge fund managers. Along with our suite of top-performing local funds, we think we have managed to create an attractive mix of investment options for just about any investor.”

Royal Fidelity Merchant Bank & Trust Limited served as the BISX Sponsor Member that brought these sub-funds to the Exchange. Royal Fidelity Merchant Bank & Trust Limited has also been appointed as the Administrator and Investment Manager for these sub-funds.

NOTE: Attached to this Press Release is the BISX Formal Trading Notice for the Royal Fidelity Bahamas International Investment Fund – High Yield Income Fund and the Royal Fidelity Bahamas International Investment Fund –Alternative Strategies Fund. This notice advises the public of the securities to be listed on the Exchange and the trading symbol of the listed securities.

For Additional Information Contact:

Elude Michel-Sturrup

Tel: 242-323-2330

Fax: 242-323-2320

Email: info@bisxbahamas.com

by Alika Hepburn Alika Hepburn No Comments

BISX 2014 Annual Statistical Report

BISX PRESS RELEASE

FOR IMMEDIATE PUBLICATION

JANUARY TO DECEMBER 2014 STATISTICAL REPORT

BISX is pleased to announce its BISX All-Share Index and trading statistics for the twelve month period ending December 31, 2014 with comparison to the same period of 2013.

BISX ALL SHARE INDEX

For the twelve month period ending December 31, 2014 the BISX All-Share Index closed at 1,659.30. This represents a year to date increase of 191.08 or 13.01%. By comparison for the twelve month period ending December 31, 2013 the BISX All-Share Index closed at 1,468.22. That increase was a year to date increase of 121.96 or 9.06%. The BISX All-Share Index is a market capitalization weighted index comprised of all primary market listings excluding debt securities.

As at December 31, 2014 the market was comprised of 29 primary market listings with a market capitalization of $3.653 Billion. The primary market securities traded over BISX include 20 common share listings, 5 preference share listings and 4 tranches of debt.

COMPARISON OF BISX ALL SHARE INDEX TO INTERNATIONAL INDICES

Over the 12 month period January 1 to December 31, 2014, some international equity markets have experienced increases as indicated by the chart below:

Closing Date * MSCI Emerging Market Index * S&P 500 Index * FTSE 100 Index * BISX All Share Index

Dec 31, 2013 * 1,002.69 * 1,848.36 * 6,749.10 * 1,468.22

Dec 31, 2014 * 956.31 * 2,058.90 * 6,566.10 * 1,659.30

Percentage Change (+/-) * -4.63% * 11.39% * -2.71% * 13.01%

TRADING VOLUMES AND VALUES

Trading volume for the twelve month period January 1, 2014 to December 31, 2014 was 4,026,858 shares for a value of $17,883,251. Trading volume for the twelve month period January 1, 2013 to December 31, 2013 was 4,083,628 shares for a value of $17,425,872.19. Trading volume for the three month period October 1 to December 31, 2014 was 1,799,719 shares for a value of $ $6,524,776.75. By comparison, for the three month period from October 1 to December 31, 2013; 1,449,852 shares traded for a value of $5,711,682.61.

AVERAGE DAILY VOLUME AND VALUE

For the twelve month period from January 1, 2014 to December 31, 2014, the average volume per trading day was 11,941 shares for a value of $61,073.30. By comparison, for the twelve month period from January 1, 2013 to December 31, 2013, the average volume per trading day was 13,788 shares for an average value of $61,164.76.

Month * Avg. volume (2014) * Avg. volume (2013) * Avg. value (2014) * Avg. value (2013)

January * 28,290 * 10,384 * $92,235.70 * $59,195.24

February * 4,447 * 13,957 * $33,354.65 * $82,753.83

March * 4,868 * 6,383 * $30,479.22 * $40,153. 37

April * 5,279 * 23,815 * $33,810.29 * $81,113.50

May * 16,703 * 14,093 * $87,016.31 * $72,000.46

June * 15,791 * 10,961 * $96,919.89 * $48,993.81

July * 11,669 * 5,768 * $73,945.56 * $32,447.83

August * 10,277 * 32,322 * $49,439.59 * $105,479.83

September * 10,148 * 6,412 * $52,288.53 * $28,344.95

October * 6,798 * 18,274 * $42,369.55 * $91,542.76

November * 68,926 * 23,981 * $126,603.76 * $78,868.98

December * 12,935 * 27,212 * $145,741.51 * $102,074.67

Average for period * 16,344 * 16,281 * $72,031.21 * $69,382.12

SHARE VOLUME AND VALUE LEADERS (TWELVE MONTH PERIOD)

The top five share volume leaders on BISX for the twelve month period January 1, 2014 to December 31, 2014 with their contribution to total traded volume displayed as a percentage were:

SYMBOL * TRADE VOLUME * % OF VOLUME

FCLB * 1,306,400 * 32.4%

CBL * 596,926 * 14.8%

CHL * 337,429 * 8.4%

DHS * 295,535 * 7.3%

AML * 233,038 * 5.8%

The top five share value leaders for the twelve month period January 1, 2014 to December 31, 2014 with their contribution to total traded value displayed as a percentage were:

SYMBOL * TRADE VALUE * % OF TRADE VALUE

CBL * $4,065,484.43 * 22.7%

FIN * $1,901,904.41 * 10.6%

CAB * $1,339,559.20 * 7.5%

FCLB * $1,319,464.00 * 7.4%

FBB22 * $1,290,000.00 * 7.2%

SHARE VOLUME AND VALUE LEADERS (THREE MONTH PERIOD)

The top five share volume leaders on BISX for the three month period October 1, 2014 to December 31, 2014 with their contribution to total traded volume displayed as a percentage were:

SYMBOL * TRADE VOLUME * % OF VOLUME

FCLB * 1,125,400 * 62.5%

CBL * 209,014 * 11.6%

FCL * 69,170 * 3.8%

DHS * 53,375 * 3.0%

FAM * 43,000 * 2.4%

The top five share value leaders for the three month period October 1, 2014 to December 31, 2014 with their contribution to total traded value displayed as a percentage were:

SYMBOL * TRADE VALUE * % OF TRADE VALUE

CBL * $1,496,769.41 * 22.9%

FBB22 * $1,190,000.00 * 18.2%

FCLB * $1,136,654.00 * 17.4%

FCL * $413,349.90 * 6.3%

FBBA * $350,000.00 * 5.4%

For Additional Information Contact:

Elude Michel-Sturrup

Tel: 242-323-2330

Fax: 242-323-2320

Email: info@bisxbahamas.com