Frequently Asked Questions

Yes, you can still receive your dividend payment. BCSD will allow you to complete a third-party authorization form guaranteed/sealed by a Notary Public or financial institution, indicating that you will be receiving the payment.

Certificates are no longer issued to shareholders. All shares are now held in book-stock form. However, BCSD can provide you with a “Confirmation of Shareholdings” which indicates how many shares you hold.

Once our reconciliation department has confirmed that the payments were never negotiated, all outstanding dividend payments will be re-issued (up to 7 years) to you.

All listed companies place their notice in the daily newspaper, letting shareholders know when and where the AGM will be held. BCSD will then mail all AGM materials to the shareholders’ P.O. Box.

If your account has been closed, the bank should first return the funds to BCSD. Once funds have been returned, BCSD will be in a position to re-issue the payments via cheque and send to your P.O. Box.

All listed companies place their dividend notice in the daily newspaper, letting shareholders know the record date, payment date and rate of the dividend.

Yes. A shareholder can pledge their shares to a financial institution by providing the following:

• A letter from the bank stating that it will be holding the shares as collateral.
• BCSD Pledge Form signed by the shareholder(s) and guaranteed by the bank with the stamp affixed.
• A fee of $110.00 ($100.00 + 10% VAT).

In order to transfer a deceased person’s shares, you will need to provide the following:

• An original or certified copy of the Court Probate, stating who the Executor(s) of the Estate is.
• An original or certified copy of the Death Certificate.
• Copies of the Executor(s) and Transferee(s) passports.
• BCSD’s Power of Attorney Form, Affidavit of Transfer Request and Indemnity Form — all forms must be signed by the surviving shareholder(s).
• The Transferee(s) must be 18 years or older and a Bahamian or hold permanent residency.
• A fee of $57.75 ($52.50 + 10% VAT) per security.

To transfer shares to you individually, you will need to provide the following:

• Two government-issued photo IDs (one must be a passport) for both shareholders.
• BCSD’s Power of Attorney Form, Affidavit of Transfer Request and Indemnity Form — all forms must be signed by both shareholders and clearly sealed by a bank or Notary Public.
• A fee of $57.75 ($52.50 + 10% VAT) per security.

To transfer the shares to you, you will need to provide the following:

• An original or certified copy of the Death Certificate.
• A copy of your passport.
• BCSD’s Power of Attorney Form, Affidavit of Transfer Request and Indemnity Form — all forms must be signed by the Executor(s) and clearly sealed by a bank or Notary Public.
• A fee of $57.75 ($52.50 + 10% VAT) per security.

Yes, shareholders can add another person as a shareholder on their account. That person must be 18 years or older and a Bahamian citizen or permanent resident.

You will need to provide the following:

• Two government-issued photo IDs (one must be a passport) for both the existing shareholder and the new shareholder.
• BCSD’s Power of Attorney Form, Affidavit of Transfer Request and Indemnity Form — all forms must be signed by you (the shareholder) and clearly sealed by a bank or Notary Public.
• A fee of $57.75 ($52.50 + 10% VAT) per security.

You can choose from any of the following brokerage houses if you are interested in selling or purchasing shares:

• CFAL — 502-7000
• Royal Fidelity Merchant Bank & Trust Limited — 356-7764
• FG Capital Markets Limited — 396-4000
• Leno Corporate Services Limited — 396-3225

BCSD only facilitates individual-to-individual transfers. For transfers involving a company, please contact one of the local brokers:

• CFAL — 502-7000
• Royal Fidelity Merchant Bank & Trust Limited — 356-7764
• FG Capital Markets Limited — 396-4000
• Leno Corporate Services Limited — 396-3225

Go to the Individual Shareholder Declaration page and declare how you wish to receive dividends from BCSD going forward.

Alternatively, complete BCSD’s Shareholder Maintenance form and return it along with two government-issued photo IDs via email or fax for processing.

No, you cannot re-invest dividend payments with BCSD directly. However, you can open a brokerage account with one of the brokerage houses and have your dividend payments re-invested into your brokerage account.

Yes. Once a formal request is made by an Attorney (accompanied by the Death Certificate), or by the Executor of the Estate (accompanied by the Court Probate and Death Certificate), BCSD will provide an official letter (Audit Confirmation) confirming the number of shares held in the various securities and their value as at the current date. A fee of $57.75 ($52.50 + 10% VAT) applies.