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Restructuring
Exercise
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Read our
restructuring Frequently Asked Question
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Download Surrender of Certificate Form
To our valued unit
holders,
In October 2004, Capital & Credit Financial Group Limited and
Capital & Credit Merchant Bank acquired The Jamaica Unit Trust
Services Limited (which was renamed Capital & Credit Fund Managers
Limited (CCFM) and its three funds. As part of it strategic
objective, CCFM has been embarking on a restructuring exercise aimed
at achieving a higher level of operational efficiency, and enhanced
customer service. Two such initiatives are:
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Change in
servicing of the Register
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The conversion
of certificates to an electronic system.
Change in
Servicing of the Register
Scotia Jamaica Investment Management Limited (SJIML) intends to
appoint the Jamaica Central Securities Depository Limited (JCSD),
with the consent of CCFM to service the Register in electronic form.
SJIML will remain as the Trustee & Registrar of all three funds,
(The Giltedge, the Capital Growth as well as the Income and Growth
fund). It is anticipated that this agreement will be effected on
December 21, 2005.
Electronic System
In order to enhance the quality of service to you, our customers,
Capital & Credit Fund Managers Limited will be converting paper
certificates from their physical form into an electronic form. The
"electronic" form of ownership allows you to hold units in a fund,
without a certificate. Having your shares held in electronic form
means that you retain full ownership of your units without having to
hold a paper certificate and your record of units held will be
maintained electronically at the Jamaica Central Securities
Depository.
Electronic ownership will provide several benefits to you such as:
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The ability to
purchase, transfer or sell your units within a shorter
timeframe.
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Evidence of
ownership cannot be lost or misplaced, as the official record is
kept electronically.
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Greater
convenience to process transactions.
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The elimination
of missed investment opportunities and the inability to mitigate
losses, because transactions cannot be performed without
certificates.
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Elimination of
the risk associated with loss, forgery, and theft of
certificates.
Based on the
benefits indicated above we encourage you to convert your
certificates to electronic form. This process can be completed in 3
simple steps:
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Surrender your
certificates at the offices of Capital & Credit Fund Managers
Limited.
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Present a valid
form of Identification (Drivers licence, Passport, or National
identification)
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Complete and
sign the “Surrender of Certificate Form” – available on the
website (all joint holders will be required to sign the form)
Once the electronic process has been completed, you will no longer
receive a certificate. Instead you will receive a receipt/contract
note, as proof of ownership. A statement of holdings will be issued
to you on a quarterly basis which will facilitate your
reconciliation and tracking of your account.
We value your support and look forward to providing you with
improved service quality.
Further details on the process and its benefits to you will be
available at our offices at 50 Knutsford Boulevard or on our website
at www.capital-reditfundmanagers.com. You may also call and speak
with one of our Client Relations Officers at 876-968-7000.
- Read
our restructuring Frequently Asked Question
-
Download Surrender of Certificate Form
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