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The Bahamas International Securities Exchange (BISX) is pleased to announce that Phoenix Four Inc. (Phoenix Four) has successfully completed the BISX Mutual Fund Listing Process and has now been added to the roster of funds listed on the Exchange. Phoenix Four Inc. is a closed end fund that is listed under the trading symbol PFI.
Phoenix Four becomes the twenty-third mutual fund listing on the Exchange and the third international listing since December 2007. Speaking about the international mutual fund listing facility, the BISX CEO Keith Davies stated: “We believe that our listing facility for international funds has evolved into an important value added option for financial services providers in this jurisdiction. We are satisfied that issuers will seek a listing on our Exchange in order to send a clear signal to their investors that they are well regulated and are receiving a high level of service.”
CFAL Securities Limited served as the BISX Sponsor Member that brought Phoenix Four Inc. to the Exchange. Genesis Fund Services Ltd serves as the Fund’s administrator. The Fund’s objective is capital preservation and appreciation for its investments which are concentrated in Unites States real estate.
Speaking to shareholders, Percy R. Pyne 4th the Chairman of the Board of Directors of Phoenix Four stated: “We are thrilled to be listed on The Bahamas International Securities Exchange. The high level of professionalism and quality service demonstrated by the BISX makes them a first rate Exchange.”
BISX is committed to continually providing quality value-added services to issuers and investors. The BISX Executive and Listing Committee work diligently to ensure that all listed issuers are of the highest standard. BISX is pleased to be an affiliate member of the International Organization of Securities Commissions (IOSCO).
