Sagicor Select Funds eyes month-end unit trust conversion

SAGICOR Select Funds Limited (SSFL) aims to complete the conversion of its two listed funds into unit trusts by the end of November, more than a year after shareholders approved the plan.

The company, which trades securities listed on recognised exchanges, received confirmation from the Financial Services Commission (FSC) on October 27 of the registration of two unit trusts, advancing the process of converting the listed Financial Fund (SELECTF) and the Manufacturing & Distribution Fund (SELECTMD).

The conversion is being undertaken pursuant to a scheme of arrangement approved by shareholders in August 2025 and sanctioned by the Supreme Court in January 2026. Trading in both SELECTF and SELECTMD will be suspended on the Jamaica Stock Exchange (JSE) on November 12.