The Bahamas International Securities Exchange (BISX) is pleased to announce that the Multi Strategies Leveraged Income Fund Ltd. has successfully completed the BISX Mutual Fund Listing Process and has been listed on the Exchange.
As a result, this Fund has now been added to the roster of Funds listed on the Exchange. The Fund is incorporated as an International Business Company under the laws of the Commonwealth of The Bahamas and is licensed under the Investment Funds Act, 2019.
In speaking of the Listing, Ivan Hooper, Chief Executive Officer of The Winterbotham Trust Company Limited stated: “Another strong year working with the BISX’s team in listing funds on the Exchange, particularly in a year in which we had to overcome challenges brought by the COVID-19 epidemic. Our listings continued and continued smoothly. This time ending the year with the listing of Multi Strategies Leveraged Income Fund Ltd, another fund listing with UCAP Bahamas Limited acting as investment manager, and another example of the importance managers are giving to listing their investment vehicles. As the Administrator with most funds under administration in The Bahamas, and the main sponsor of listed Funds with close to half of fund-related listings, partnering with BISX has become a key component of our offering and a key enhancer in our ability to attract funds to The Bahamas. Continuing our services and ability to list during these times is key to the success of the industry.”
BISX Chief Executive Officer, Keith Davies, commented: “BISX is pleased at the investment that we have made into our relationships with financial services providers such as Winterbotham, and their work at demonstrating to their clients the value-added benefits of having a listing on a regulated stock exchange. We look forward to the continued growth of our fund listing facility and to other services of the Exchange as we continue to grow and evolve into 2021.”
The Winterbotham Trust Company Limited served as the BISX Sponsor Member that brought the Funds to the Exchange. The investment decisions will be made by UCAP Bahamas Limited and The Winterbotham Trust Company Limited has been appointed to serve as the Administrator of these funds.
NOTE: Attached is the BISX Formal Trading Notice for the Fund. This notice advises the public of the securities to be listed on the Exchange and the trading symbol of the listed securities.
