Carreras Limited advised that Mrs. Lisa Belnavis - Edwards has been appointed Human Resource Business Partner effective June 16, 2014.

The Board of Directors of Blue Power Group Ltd has declared a dividend of $0.15 per share payable on August 15, 2014 to stockholders on record date July 31, 2014. The ex-dividend date is July 29, 2014.

The Board of Directors passed a resolution that an interim dividend of $0.45 (45 cents) be paid on each stock unit of the paid up capital stock of the company to
stockholders on record as at the close of business on June 20, 2014 and that the same be payable on July 11. 2014. The ex-dividend date is June 18, 2014.

The Board of Directors of Jamaica Public Service Company Limited has declared quarterly preference share dividends payable July 1, 2014 to shareholders on
record as at June 13, 2014 and ex-dividend date is June 11, 2014 as follows:

• 4% on the 7% Cumulative Preference Shares “B” - $0.035
• 4% on the 5% Cumulative Preference Shares “C” - $0.025
• 4% on the 5% Cumulative Preference Shares “D” - $0.025
• 2% on the 6% Cumulative Preference Shares “E” - $0.030

Kingston Wharves Limited informs that at their next Board of Directors' Meeting scheduled for June 16, 2014, consideration will be given by the Board for payment of an interim dividend to its shareholders.

The 75th Annual General Meeting of Seprod Limited will be held at The Jamaica Pegasus Hotel 81 Knutsford Boulevard, Kingston 10, Jamaica on Monday, July 7, 2014 at 11:00 a.m.

The Board of Directors of Honey Bun (1982) Limited declared an interim dividend of 5 cents ($0.05) per share. The dividend is payable on June 26, 2014 to
shareholders on record as at June 16, 2014. The ex-dividend date is June 12, 2014.

The Board of Directors of Scotia Group Jamaica passed a resolution that an interim dividend of 40.0 cents per each stock unit to stockholders on record as at the close of business on June 20, 2014 and that the same be payable on July 11, 2014. The ex-dividend date is June 18, 2014.

This serves to advise that the Board of Directors of Mayberry Investments Limited (MIL) approved an ordinary dividend of $0.12. The dividend will be made payable on June 18, 2014 to shareholders on record as at June 11, 2014. The ex-dividend date is June 9, 2014.

What is FATCA?

The Foreign Account Tax Compliance Act (FATCA) is a statute of the United States of America (US), geared at combatting tax evasion by US persons who utilize such means as holding investments in offshore accounts and or entities. In order to lessen the some of the requirements of FATCA, the Government of Jamaica entered into an Inter-Governmental Agreement (IGA) with the US Government.

Purpose

FATCA requires all non-US financial institutions [foreign financial institutions(FFIs)] around the world to:

- each enter into an agreement with the US Internal Revenue Service (IRS),

- collect certain information on all new and existing accounts they hold for their customers

- report  information to the IRS in relation to:

• certain Specified US persons
• Passive Non-Financial Foreign Entities with Controlling Persons who are U.S. persons and
• Non-Participating FFIs (which are foreign financial institutions that have not entered into an FFI agreement with the US Internal Revenue Service and therefore refuses to comply with the requirements of the FATCA legislation).

       
Who will be affected?

In addition to foreign financial institutions, specified US persons will be affected. This includes:

-U.S. Citizens residing in the US or overseas
-Green card holders
-U.S. Passport holders
-U.S. “Tax residents”, which are persons who have stayed in the US for several consecutive days during the past three years. To meet this test, one must
be physically present in the United States on at least:
    1. 31 days during the current year, and
    2. 183 days during the 3-year period that includes the current year and the 2 years immediately before that, counting:
   
- All the days you were present in the current year, and
- 1/3 of the days you were present in the first year before the current year, and
- 1/6 of the days you were present in the second year before the current year.

Information to be provided to Tax Administration Jamaica (TAJ)

The Inter-Governmental Agreement between Jamaica and the US, provides for Jamaican FIs to transmit the required information to Tax Administration Jamaica (TAJ) which will in turn submit the information received to the US Internal Revenue Service.

Information to be reported to the TAJ includes:

• Name, address, and US tax identification number of each Specified US Person/Recalcitrant Customer;
• Account number;
• Account balance/value as at the end of the calendar year or immediately before closure if the account was closed during the calendar year,
• Gross interest/dividends, and interest and other income credited to the account.

Talk to us today or visit the Internal Revenue Services website at www.irs.gov for more information. You may also read more here.

We continue to enjoy an exceptional relationship with you and thank you for selecting NCB and its subsidiaries as your financial services partner of choice. We hope that together, we can help you to Put Your Best Life Forward.

FORMS:

• Individual
• Entity