FIRST INVESTMENT CONDOMINIUM LISTED ON BISX
BISX PRESS RELEASE
FOR IMMEDIATE PUBLICATION –15 APRIL 2016
FIRST INVESTMENT CONDOMINIUM LISTED ON BISX
The Bahamas International Securities Exchange (BISX) is pleased to announce that voting participation interests in the Star Capital Fund ICON (Star Capital) have successfully completed the BISX Listing Process. As a result, these securities have now been added to the roster of funds listed on the Exchange. Star Capital is open-ended investment fund.
Star Capital is established as an Investment Condominium under the Investment Condominium Act, 2014 and is registered as a Smart Fund 007 under the Investment Funds Act, 2003. Star Capital becomes the first Investment Condominium (ICON) listed on The Bahamas International Securities Exchange.
As stated in the Bahamas Financial Services Board ICON guidebook, “An ICON is a contractual relationship between one or more participants who have pooled assets for the purposes of operating as an investment fund, and an investment condominium must be licensed as an investment fund under the Investment Funds Act. It is an entity without legal personality but, when represented by its administrator, is able to hold assets in its own name, enter into agreements and sue or be sued in its own name.”
BISX Chief Executive Officer, Keith Davies commented on the listing of Star Capital; “We are pleased to have listed our very first ICON on BISX. The innovation of the Bahamian Financial Services sector continues to be demonstrated through the value added products such as ICONs that are being created.”
CFAL securities served as the BISX Sponsor Member that brought this Fund to the Exchange. TAG Corporate Services Limited has been appointed as the Administrator for the fund. Swan Capital Limited acts in capacity of Investment Manager.
NOTE: Attached to this Press Release is the BISX Formal Trading Notice for Star Capital Fund ICON this notice advises the public of the security to be listed on the Exchange and the trading symbol of the listed security.
For Additional Information Contact:
Elude Michel-Sturrup
Tel: 242-323-2330
Fax: 242-323-2320
Email: info@bisxbahamas.comTrading Notice – Star Capital Fund ICON v1
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Guarany Partners II Fund Limited listed on BISX
FOR IMMEDIATE PUBLICATION – 4th April 2016
The Bahamas International Securities Exchange (BISX) is pleased to announce that shares of Guarany Partners II Fund Ltd. SAC Class A Investor Shares (the “Class A Shares”) as well as Guarany Partners II Fund Ltd. SAC Class B Investor Shares (the “Class B Shares”) have successfully completed the BISX Mutual Fund Listing Process. As a result, these shares have now been added to the roster of funds listed on the Exchange. Guarany Partners is an open-ended investment fund.
Guarany Partners is incorporated as an International Business Company under the laws of the Commonwealth of The Bahamas and is registered as a Professional Investment Fund.
BISX Chief Executive Officer, Keith Davies commented on the listing of the Mutual Fund, “We continue to be pleased with the traction being experienced by our Mutual Fund Listing Facility and are encouraged by the growth in this sector of our market. Winterbotham is a huge advocate of our mutual fund listing facility which continues to be a value added option for financial services providers.”
In speaking of the Listing, Ivan Hopper, Chief Executive Officer of The Winterbotham Trust Company Limited stated: “We are very pleased to continue sponsoring the listing of funds with BISX. We continue to see an increase in funds wishing to list and are certain of further fund listings in the next couple of months; our Company is the largest fund Administrator by number of funds in The Bahamas, and we to continue see growth in our Fund Services division. Listing with BISX is a key enhancer to our offering and our ability to attract funds to The Bahamas¨
The Winterbotham Trust Company Limited served as the BISX Sponsor Member that brought this Fund to the Exchange. The Winterbotham Trust Company Limited has been appointed as the Administrator for the fund. Winterbotham Asset Management Limited acts in capacity of Investment Manager.
NOTE: Attached to this Press Release is the BISX Formal Trading Notice for the Class A Shares as well as the Class B Shares. This notice advises the public of the security 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.comTrading Notice – Class B SharesTrading Notice – Class A shares
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BISX Visits CV Bethel
The Bahamas International Securities Exchange (BISX) spent the Morning of Tuesday 8th March 2016 with the 11th Grade Commerce class of the C.V. Bethel Senior High School. Speaking to the students was BISX Chief Executive Officer, Mr. Keith Davies, Chief Operating Officer, Mr. Holland Grant and Intern, Miss Alika Hepburn. The students were given the opportunity to learn about the stock exchange and to ask questions that will benefit them both in completing their academic curriculum, but also in their investing lives.
BISX Chief Executive, Keith Davies commented on the visit: “I would like to thank Mr. Shavado Gibson for having contacted BISX to arrange the session with his commerce class for the second year consecutively, it has been a pleasure to assist the teachers in the ongoing effort to educate our youth. C.V. Bethel’s efforts to empower students through education is commendable and we are pleased to assist them in this exercise.”
During the speaking session, the BISX executives spoke about stocks, bonds, mutual funds and interpreting the BISX price sheet. During the session, Mr. Davies also took time to educate the students on the rules and regulations of the stock exchange. He noted: “I enjoy talking about the stock exchange and giving the students a better understanding of what all takes place within the Exchange. Giving students the opportunity to speak with senior executives informally about investments and other economic concerns will benefit them in their upcoming national exams and as future investors. I hope that I was able to impart some advice that will be invaluable to these students in the future.”
Speaking about the session BISX Chief Operating Officer, Holland Grant noted: “It was a pleasure speaking to C.V. Bethel High School. I also enjoyed the fact that in addition to investing, we were able to speak to the students about our professional and educational experiences. BISX welcomes opportunities to speak to students who are preparing for the BGCSE Exams, as well as those students who were moving towards graduation and on into the work force. We hope that the information that we imparted to the students will benefit them throughout the rest of their educational journey.”
For Additional Information Contact:
Elude Michel-Sturrup
Tel: 242-323-2330
Fax: 242-323-2320
Email: info@bisxbahamas.com
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BISX Says Thank You to Long-Serving Director
The Bahamas International Securities Exchange (BISX) recently paused to show gratitude to a long standing former BISX Board Member. Dr. Earl Cash a Partner at the law firm Higgs and Johnson served as a BISX director for over 14 years having been appointed in October 2001 and having retired from the Board in November 2015.
Speaking while presenting Dr. Cash a token of appreciation from the Exchange, BISX Chairman, Mr. Andrew Strachan noted: “It was my pleasure to serve with Dr. Cash over the past few years. Dr. Cash was a Member of the Board of BISX from some of the early days of the Exchange. We look to build upon the legacy begun by individuals such as Dr. Cash as we continue to develop the Bahamian Capital Markets. On behalf of the entire BISX Board it is my pleasure to present Dr. Cash a piece of local Bahamian artwork, which he has always been a supporter of.”
BISX Chief Executive Officer Mr. Keith Davies also added a note of gratitude: “From the time Dr. Cash joined the Board he was steadfastly committed to the growth of the Exchange. Over the years of our working relationship I have valued the sage advice that I have received from Dr. Cash, and I look forward to this advisory relationship continuing into the future.”
The BISX Board consists of Mr. Andrew Strachan, Mr. Ian Fair, Mr. Michael Anderson, Mr. George Farrington, Mr. Anthony Ferguson and Mr. Simon Wilson.
For additional Information please contact:
Mrs. Elude Michel-Sturrup
Tel: 242-323-2330
Fax: 242-323-2320BISX says thank you to long serving director
Email: info@bisxbahamas.com
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