2 4

subsidise your operations from funds you want to have spent on marketing as opposed to covering losses.

“I would think this year, my numbers are relatively small but we are probably going to do a $2m loss. That’s on 184 rooms.”

Mr Alnebeck expressed particular concern over whether some Family Island properties, which may have been closed for up to six months as a result of COVID-19 restrictions, will have the necessary financial strength to cover what could be significant re-opening costs.

“You have to have very deep pockets to re-open, and that’s my concern,” he explained. “Some of the smaller hotels in The Bahamas that are really showcasing what the country is all about, they might

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not have the cash to be able to re-open.

“To re-open a hotel costs money, and it takes a few months to get to positive cash flow. If they don’t have the cash to begin reopening, start cleaning the place up, get people back to work and pay them for the first few weeks, how do you start?

“The big hotels have the money, but what about the smaller properties in the Family Islands? Your smaller Out Island hotels at the moment are much more attractive for consumers than the big hotels.”

Asked whether he feared some small resorts may never re-open, Mr Alnebeck replied in the affirmative and said: “I hope the smaller hotels get some support in some way so that, if we are re-opening, they are able to re-open.”

Backing the government’s decision to push forward with tourism’s return at the second attempt, the Pelican Bay manager said COVID-19’s demands will force it to move away from its traditional business model to one that has been embraced by Jamaica and other regional competitors.

“As long as we have a two-week window in place, a protocol that we are not allowed to call a quarantine, there’s only a certain group of hotels that are suitable for that model and that is the

LEGAL NOTICE

Kenthurst Capital Ltd.

NOTICE is hereby given that in accordance with Section 138 (8) of the International Business Companies Act, 2000, of the Commonwealth of the Bahamas, the dissolution of Kenthurst Capital Ltd. has been completed; a Certificate of Dissolution has been issued and the Company has been struck off the Register.

Dated this 7th day of September 2020

______________________ Liquidator Francesca Magna Eichmann

all-inclusives,” Mr Alnebeck told Tribune Business.

“Jamaica and St Lucia have done very well with it, and have basically been able to create a bubble around each all-inclusive facility, provide shower facilities for staff and have some staff stay in. There are two questions: Will that model work in The Bahamas; that is the first question, and number two, is it really the right thing to do:? Is the virus going to spread anyway.”

The Bahamas’ all-inclusive properties include the two Sandals resorts, Royal Bahamian and Emerald Bay in Exuma; SuperClubs Breezes; the RIU Paradise Island; Viva Fortuna on Grand Bahama; and Club Med on San Salvador.

Suggesting this represents an insufficient all-inclusive inventory, Mr Alnebeck added: “The question is: Will Atlantis and Baha Mar re-open and try to control the guests that they have under the VIP (Vacation in Place) protocol. It will be quite hard. That is a model that we have never been keen on in The Bahamas, although we have it in certain instances.

“That is a model we have been very much against, all-inclusives, in Nassau because traditionally we have created products that are open and people come and go. Sandals will be one of the properties that will be suitable to re-open as soon as they can, and it’s very important we all support that. It’s a product that’s going to work better until consumers are more confident with the normal Bahamas product.”

Mr Alnebeck added that Bahamian tourism will likely endure “a slow rampup” following its return with the key issue being whether travellers have sufficient confidence to visit The Bahamas or any other destination.

“I just hope we don’t do another 180 degree turn or 90 degree turn like we did in July,” he told Tribune Business. “We have to show we are ready for this and see it through. Let’s just say that what we have done in the past might not make every comfortable we won’t do it again, but let’s hope it doesn’t.

“It’s very important that, in what we’re dealing with at the moment, we don’t constantly change the course. Set the protocols and stick with it. We can’t keep saying to tourists you are welcome but can’t go on the beach. To come to The Bahamas and not be on the beach is a bit like going to the Universal Theme Park and being told you can’t go on the rides.”

The Bahamas’ beaches are due to open on October 15 along with the hotel sector.

Legal Notice

NOTICE

Pursuant to the provisions of Section 138 (4) (a), (b) and (c) of the International Business Companies Act, 2000, notice is hereby given that:-

(a) BOBTAIL BRANDS INC.is in dissolution;

(b) The date of commencement of the dissolution is the 7th day of September A.D., 2020 and

(c) the Liquidator is C.B. Strategy Ltd., of Sassoon

House, Shirley & Victoria Streets.

C.B. Strategy Ltd. LIQUIDATOR

MARKET REPORT www.bisxbahamas.com

TUESDAY, 8 SEPTEMBER 2020

(242) 323-2330 (242) 323-2320

ALL SHARE INDEX: CLOSE: 2,086.85 | CHG: 0.04 | %CHG: 0.00 | YTD: -144.75 | YTD%: -6.49

BISX LISTED & TRADED SECURITIES

52WK HI 52WK LOW SECURITY SYMBOL LAST CLOSE CLOSE CHANGE

4.10 3.13 AML Foods Limited AML 3.51 3.51 0.00 22.65 20.91 APD Limited APD 17.43 17.43 0.00 2.00 0.67 Benchmark BBL 1.62 1.62 0.00 1.79 1.75 Bahamas First Holdings Limited BFH 1.75 1.75 0.00 2.46 1.67 Bank of Bahamas BOB 1.67 1.67 0.00 6.00 5.40 Bahamas Property Fund BPF 5.40 5.40 0.00 6.75 5.39 Bahamas Waste BWL 6.75 6.75 0.00 5.47 2.00 Cable Bahamas CAB 2.99 2.99 0.00 8.59 5.05 Commonwealth Brewery CBB 5.10 5.10 0.00 4.50 3.62 Commonwealth Bank CBL 3.73 3.73 0.00 6.16 5.60 Colina Holdings CHL 6.10 6.10 0.00 12.77 11.05 CIBC FirstCaribbean Bank CIB 11.26 11.26 0.00 3.64 2.71 Consolidated Water BDRs CWCB 2.31 2.26 -0.05 5.49 2.64 Doctor's Hospital DHS 5.30 5.30 0.00 10.88 9.60 Emera Incorporated EMAB 9.92 10.02 0.10 8.44 7.10 Famguard FAM 8.44 8.44 0.00 16.99 13.04 Fidelity Bank FBB 14.30 14.30 0.00 4.25 3.20 Focol FCL 3.96 3.96 0.00 9.40 8.00 Finco FIN 8.97 8.97 0.00 15.21 13.90 J. S. Johnson JSJ 15.20 15.20 0.00 PREFERENCE SHARES 1.00 1.00 Bahamas First Holdings Preference BFHP 1.00 1.00 0.00 1000.00 1000.00 Cable Bahamas Series 6 CAB6 1000.00 1000.00 0.00 1000.00 1000.00 Cable Bahamas Series 8 CAB8 1000.00 1000.00 0.00 1000.00 1000.00 Cable Bahamas Series 9 CAB9 1000.00 1000.00 0.00 1000.00 1000.00 Cable Bahamas Series 10 CAB10 1000.00 1000.00 0.00 1.00 1.00 Colina Holdings Class A CHLA 1.00 1.00 0.00 10.00 10.00 Fidelity Bank Class A FBBA 10.00 10.00 0.00 1.00 0.90 Focol Class B FCLB 0.90 0.95 0.05 CORPORATE DEBT - (percentage pricing)

VOLUME EPS$

0.239 0.932 0.000 0.000 0.070 1.760 0.369 -0.438 0.140 0.184 0.449 0.722 0.102 0.467 0.646 0.728 0.816 0.203 0.939 0.631

DIV$

0.170 1.260 0.020 0.000 0.000 0.000 0.260 0.000 0.000 0.120 0.220 0.720 0.434 0.060 0.328 0.240 0.540 0.120 0.200 0.610

P/E

14.7 18.7 N/M N/M N/M N/M 18.3 -6.8 36.4 20.3 13.6 15.6 22.2 11.3 15.5 11.6 17.5 19.5 9.6 24.1

YIELD

4.84% 7.23% 1.23% 0.00% 0.00% 0.00% 3.85% 0.00% 0.00% 3.22% 3.61% 6.39% 19.20% 1.13% 3.27% 2.84% 3.78% 3.03% 2.23% 4.01%

0.000 0.000 0.000 0.00% 0.000 0.000 0.000 0.00% 0.000 0.000 0.000 0.00% 0.000 0.000 0.000 0.00% 0.000 0.000 0.000 0.00% 0.000 0.000 0.000 6.25% 0.000 0.000 0.000 7.00% 0.000 0.000 0.000 6.50%

52WK HI 52WK LOW SECURITY SYMBOL LAST SALE CLOSE CHANGE VOLUME INTEREST

100.00 100.00 Fidelity Bank Note 22 (Series B) + FBB22 100.00 100.00 0.00 Prime + 1.75% 100.00 100.00 Bahamas First Holdings Limited BFHB 100.00 100.00 0.00 6.25% BAHAMAS GOVERNMENT STOCK - (percentage pricing) 115.92 104.79 Bahamas Note 6.95 (2029) BAH29 107.31 107.31 0.00 6.95% 100.00 100.00 BGS: 2015-1-3Y BG0203 100.00 100.00 0.00 4.00% 100.00 100.00 BGS: 2014-12-5Y BG0105 100.00 100.00 0.00 4.25% 100.00 100.00 BGS: 2015-1-5Y BG0205 100.00 100.00 0.00 4.25% 100.00 100.00 BGS: 2014-12-7Y BG0107 100.00 100.00 0.00 4.50% 100.00 100.00 BGS: 2015-1-7Y BG0207 100.00 100.00 0.00 4.50% 100.00 100.00 BGS: 2014-12-30Y BG0130 100.00 100.00 0.00 6.25% 100.00 100.00 BGS: 2015-1-30Y BG0230 100.00 100.00 0.00 6.25% 100.00 100.00 BGS: 2015-6-3Y BG0303 100.00 100.00 0.00 4.00% 100.00 100.00 BGS: 2015-6-7Y BG0307 100.00 100.00 0.00 4.50% 100.00 100.00 BGS: 2015-6-30Y BG0330 100.00 100.00 0.00 6.25% 100.00 100.00 BGS: 2015-10-3Y BG0403 100.00 100.00 0.00 3.50% 102.00 100.00 BGS: 2015-10-7Y BG0407 100.00 100.00 0.00 4.25% MUTUAL FUNDS

52WK HI 52WK LOW FUND NAV YTD% 12 MTH%

2.34 2.11 CFAL Bond Fund 2.34 2.54% 4.13% 4.41 3.30 CFAL Balanced Fund 4.41 1.12% 2.44% 2.12 1.68 CFAL Money Market Fund 2.12 1.38% 2.55% 198.39 164.74 CFAL Global Bond Fund 196.40 0.65% 2.50% 168.29 116.70 CFAL Global Equity Fund 163.60 -1.88% 3.33% 1.69 1.64 Leno Preferred Income Fund 1.68 1.10% 2.34% 1.85 1.79 Leno Growth Fund 1.81 -2.43% 1.49% 1.77 1.73 Leno Diversified Fund 1.76 0.34% 2.43% 1.24 1.06 Leno Global USD Bond Fund 1.07 -11.07% -9.92% 8.34 6.41 Royal Fidelity Bahamas Opportunities Fund - Secured Balanced Fund 8.30 -0.45% 8.36% 10.26 7.62 Royal Fidelity Bahamas Opportunities Fund - Targeted Equity Fund 9.90 -3.20% 11.46% 7.08 5.66 Royal Fidelity Bahamas Opportunities Fund - Prime Income Fund 7.08 2.10% 5.15% 12.15 8.65 Royal Fidelity Int'l Fund - Equities Sub Fund 11.27 -6.17% 3.54% 12.71 10.54 Royal Fidelity Int'l Fund - High Yield Fund 12.71 2.92% 5.55% 10.81 9.57 Royal Fidelity Int'l Fund - Alternative Strategies Fund 10.23 -4.66% -3.81% 10.00 9.88 Colonial Bahamas Fund Class D N/A N/A N/A 8.98 8.45 Colonial Bahamas Fund Class E 8.93 -4.20% 0.20% 11.79 11.20 Colonial Bahamas Fund Class F 11.27 -8.60% -2.90% MARKET TERMS

MATURITY 19-Oct-2022 30-Sep-2025

20-Nov-2029 30-Jul-2018 16-Dec-2019 30-Jul-2020 15-Dec-2021 30-Jul-2022 15-Dec-2044 30-Jul-2045 26-Jun-2018 26-Jun-2022 26-Jun-2045 15-Oct-2018 15-Oct-2022

NAV Date 31-Jul-2020 31-Jul-2020 31-Jul-2020 30-Jun-2020 30-Jun-2020 31-Jul-2020 31-Jul-2020 31-Jul-2020 31-Jul-2020 31-May-2020 31-May-2020 31-May-2020 31-May-2020 31-May-2020 31-May-2020 30-Jun-2020 30-Jun-2020 30-Jun-2020

BISX ALL SHARE INDEX - 19 Dec 02 = 1,000.00 52wk-Hi - Highest closing price in last 52 weeks 52wk-Low - Lowest closing price in last 52 weeks Previous Close - Previous day's weighted price for daily volume Today's Close - Current day's weighted price for daily volume Change - Change in closing price from day to day Daily Vol. - Number of total shares traded today DIV $ - Dividends per share paid in the last 12 months P/E - Closing price divided by the last 12 month earnings YIELD - last 12 month dividends divided by closing price Bid $ - Buying price of Colina and Fidelity Ask $ - Selling price of Colina and fidelity Last Price - Last traded over-the-counter price Weekly Vol. - Trading volume of the prior week EPS $ - A company's reported earnings per share for the last 12 mths NAV - Net Asset Value N/M - Not Meaningful

then the same busses carry the people back. This is exactly what Mike Maura said a couple of months ago; what he said about the cruise lines. That the people would come here and go to a pre-determined station, and then they would take them back to the cruise ship and the cruise ship leaves.”

One tourism industry source, speaking on condition of anonymity, renamed the VIP initiative “Vacation in Prison” yesterday. Mr Ferguson, meanwhile, reiterated: “The only persons that would benefit from that are the large resorts or these pre-determined destinations that they are taking the tourists to.

“People in the country who are hurting are the small persons, the little straw vendor, the people that work in the downtown area, because they depend on a sale to keep a job, taxi drivers and by extension the rest of the local economy.

“If there is no money flowing to the bottom of the food chain then only the wealthy is surviving. So when you take all of the tourists, send them over to a big company like Atlantis, make them all-inclusive then there is no reason for a taxi driver to be out there, no reason for a straw vendor to be downtown, there is no reason for the jet-ski operator to be out there,” he continued.

“There is no reason for the downtown shops to be open because the tourists aren’t coming out because they have the biggest vacation in place. Vacation in place, from our experience all-inclusive hotels, they only cater to themselves.

“Minister D’Aguilar has basically fallen flat and he has not lived up to the expectation that he would be a brilliant tourism minister. He has just dropped everyone in the bag as usual. In addition, minister D’Aguilar has no idea when the cruise ships are going to come back here as these cruise lines are waiting on word from the CDC,”

Mr Ferguson, when responding to concerns about how many taxi drivers have lost their plates during the COVID-19 shutdown, said: “Basically about 60 percent of the taxi-drivers lost their plates, which was escalated by the former transport minister, Renward Wells, who then put that public notice in the newspaper and said the taxi drivers who are leasing ought to go down to the Department of Road Traffic to see the acting controller, Bradley Sands.

“We warned Mr Wells on that on more than one occasion, and that created panic among the plate owners. Even if a plate owner had some compassion for a taxi-driver, the minute the minister made that announcement it means that the minister is getting ready to take plates back. So the owner of the plates had to take them back from the driver for safe-keeping.

“We warned minister Wells on that repeatedly, and despite the moratorium being lifted for taxi plates, we said that this is a good time to give out the taxi plates to those who you determined would get taxi plates. When the economy reopens, these taxi drivers are saddled and ready to go.”

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PUBLIC NOTICE

INTENT TO CHANGE NAME BY DEED POLL The Public is hereby advised that I, GIOVANA PETERSON of #15 Coral Close, Nassau, Bahamas intend to change my name to GIAVANNA ALBERTHA PETTERSON. If there are any objections to this change of name by Deed Poll, you may write such objections to the Deputy Chief Passport Officer, P.O. Box N-742, Nassau, Bahamas no later than thirty (30) days after the date of publication of this notice.

NOTICE

NOTICE is hereby given that MICHELET DANIEL, Barcardi Road, Nassau, New Providence, The Bahamas is applying to the Minister responsible for Nationality and Citizenship, for Registration Naturalization as a citizen of The Bahamas, and that any person who knows any reason why registration/ naturalization should not be granted, should send a written and signed statement of the facts within twenty-eight days from the 2 nd day of September 2020 to the Minister responsible for nationality and Citizenship, P.O. Box N-7147, Nassau, New Providence, The Bahamas.