Frequently Asked Questions

Yes, you still can receive your dividend payment. BCSD will allow you to complete a third party authorization form guaranteed/sealed by a Notary Public or Financial Institution, which will indicate 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 will indicate how many shares you hold.

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

All of the listed companies place their notice in the daily newspaper, letting all 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 these funds to BCSD. Once funds have been returned, then BCSD will be in a position to re-issue these payments via cheque and send to your P.O. Box.

All listed companies place their dividend notice in the daily newspaper letting all 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 the bank will be holding these share as collateral
BCSD Pledge Form signed by the shareholder(s) and guaranteed by the Bank with the stamp affixed
A fee of $112.00 ($100.00 + 12% VAT)

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

An original / certified copy of the Court Probate, stating who the Executor(s) of the Estate is
An original / certified copy of the Death Certificate
Copies of the Executor(s) & Transferee(s) Passport(s)
BCSD’s Power of Attorney Form, Affidavit of Transfer Request & Indemnity Form. ALL forms need to be signed by the surviving shareholder(s)
The Transferee(s) must be 18 years or older and a Bahamian / have permanent residency
A fee of $58.80 ($52.50 + 12% VAT) per security

In order for the shares to be transferred to you individually, you will need to provide us with the following:

Two government issued photo IDs, one of which must be a Passport for both shareholders;
BCSD’s Power of Attorney Form, Affidavit of Transfer Request & Indemnity Form, ALL forms must be signed by both shareholders and clearly sealed by a Bank or Notary Public
A fee of $58.50 ($52.50 + 12% VAT) per security

In order for the shares to be transferred to you, you will need to provide us with the following:

An original / certified copy of the Death Certificate
Copy of your Passport
BCSD’s Power of Attorney Form, Affidavit of Transfer Request & Indemnity Form. ALL forms need to be signed by the Executor(s) and clearly sealed by a Bank or Notary Public
A fee of $58.80 ($52.50 + 12% VAT) per security

Yes, shareholders can add another person as a shareholder on their account. Person must be 18 years or older and a Bahamian citizen or a Permanent Resident.

This can be done by providing us with the following:

Two government issued photo IDs, one of which must be a Passport for both the existing shareholder and new shareholder;
BCSD’s Power of Attorney Form, Affidavit of Transfer Request & Indemnity Form, all forms must be signed by yourself (shareholder) and clearly sealed by a Bank or Notary Public
A fee of $58.80 ($52.50 + 12% 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 Declaration Page on our website and declare how you wish to receive DIVIDENDS from BCSD going forward.

Alternatively, you can complete BCSD’s Shareholder Maintenance form and return along with a copy of two government issued photo IDs and return to us via email or or fax for processing.

No, you are not able to re-invest your dividend payments with BCSD. However, you can open up a Brokerage Account with one of the Brokerage Houses and have your dividend payments re-invested into your brokerage account.

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 & Death Certificate), BCSD will provide an official letter (Audit Confirmation) confirming the amount of shares held in the various securities and their value as at current date. A fee of $58.80 ($52.50 + 12% VAT) applies.

Frequently Asked Questions

If I pledge my shares to the bank, can I still receive the dividend payment?

If I misplace my certificate, can I get it replaced?

If I have not received any dividend payments in years, how do I go about getting these reissued to me?

How do I get notification of the AGM date and Material?

If my bank account is closed, what will happen to my dividend payments that were sent there?

How do I know about upcoming dividends being paid?

Can I pledge my shares to a financial institution?

How do I go about transferring my deceased relative’s shares?

If our shares are registered to one or more person (Jane Doe & John Doe), how do we go about transferring shares from both names into our individual names?

If I am a joint shareholder and the other person dies, do the shares automatically belong to me?

Can I add someone as a co-owner of my shares?

Where do I go to buy and sell my shares?

How do I go about transferring shares from my company name back into my name only?

How can I have my dividend payments sent to my bank account?

Can I re-invest my dividend payments?

Does BCSD provide confirmation of holdings for a Deceased person’s Estate?