JMMB intends to have new preference share issue
Jamaica Money Market Brokers Limited (JMMB) has advised that two classes of its preference shares, Cumulative Redeemable 12% Preference Shares and Cumulative Redeemable 12.25% Preference Shares, will become due on December 14, 2010 and will be paid out in full at that time. JMMB intends to have a new preference share issue in January 2011 to satisfy client demands for low-risk investment opportunities with regular cash flows as well as deepen the institution`s capital base, continuing the Company`s growth trajectory.