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
A BCSD Power of Attorney form signed by the shareholder(s) and guaranteed by the Bank with the stamp affixed
A fee of $64.50 ($60.00 + 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 & Lost Indemnity Form all need to be signed by the Executor(s) and clearly sealed by a Bank or Notary Public
The Transferee(s) must be 18 years or older and a Bahamian / have permanent residency
A fee of $64.50 ($60.00 + 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 & Lost Indemnity Form all need to be signed by yourself (Shareholder) and clearly sealed by a Bank or Notary Public
A fee of $64.50 ($60.00 + VAT) per security

Yes, shareholders can add another person as a shareholder on their account, as long as they are 18 years and older and Bahamian / Permanent Resident.

This can be done by providing us with the following:

Copy of your Passport and the new shareholder’s Passport
BCSD’s Power of Attorney Form, Affidavit of Transfer Request & Lost Indemnity Form all need to be signed by yourself (shareholder) and clearly sealed by a Bank or Notary Public
A fee of $64.50 ($60.00 + 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 transfers involving companies, if the beneficial ownership remains the same. If the beneficial ownership is changing, then we will have to refer you to a Broker Dealer. In order to transfer shares from a company name into a person’s name, you will need to provide us with the following:

Certificate of Incumbency
Company Resolution signed and sealed by the Corporate Secretary, stating the nature of the transaction, and that you are the sole owner of the Company
Copy of your Passport
BCSD’s Power of Attorney Form, Affidavit of Transfer Request & Lost Indemnity Form all need to be signed by the shareholder (Company Representative) and clearly sealed by a Bank or Notary Public
A fee of $64.50 ($60.00 + VAT) per security

BCSD can provide you with a Shareholder Maintenance Form for you to complete. We will need the Bank Name, the Branch (Transit) and the Bank Account Number. This can be faxed to #356-3613 or emailed to info@bahamascsd.com along with a copy of your driver’s license or passport for our records.

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 can complete 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 $53.75 ($50.00 + VAT) is involved, but may vary depending on how many securities are involved.

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 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?