CFAL endorses Jack’s Bay preference share offering

CFAL endorses Jack’s Bay preference share offering
Jack's Bay in South Eleuthera.

NASSAU, BAHAMAS — CFAL, a leading independent investment management and advisory company, is the brokerage firm for a recently launched preference share offering regarding Jack’s Bay, a private community and club with resort-style amenities in South Eleuthera.

CFAL Senior Financial Analyst Angelo Butler said: “CFAL believes in the potential of this project and is proud to broker this investment opportunity on behalf of Jack’s Bay Developers Limited. We look forward to hearing from prospective shareholders and helping them to successfully invest in this project.”

The “6.25 Percent Cumulative Amortizing Redeemable Convertible Series A Preference Shares (The ‘Series A Shares’) Preference Share Offering” requires a minimum investment of $50,000 and is open to individuals and companies.

Jack’s Bay Deputy Chairman Tommy Turnquest said: “Along with competitive pricing, our shares also offer short-term and long-term benefits.

“With a fixed rate of return of 6.25 percent, there is also the option to convert to ordinary shares once the company goes public as expected by 2024 and those shares are listed on the stock exchange.

“Your investment is secured by $70 million in equity, 1,200 acres of land, no bank debt, a signed heads of agreement with The Bahamas government and a skilled and experienced management team that is passionate about this project.”

According to Sir Franklyn Wilson, chairman, Jack’s Bay Developers Limited, this share offering allows investors to capitalize on a unique approach to a winning business model.

“What we are doing at Jack’s Bay is bringing to the stunning topography of Eleuthera a business model that has proven abundantly successful throughout the world, on New Providence and other Family Islands,” he said.

“Yet we are bringing top-tier luxury living to Eleuthera in a way that rivals any comparable offering worldwide.”

Jack’s Bay, built on 1,200 acres of prime land with 2.5 miles of Atlantic Ocean frontage, boasts breathtaking vistas of up to 80 feet, five blue holes, an inland lake, varied dining options, outdoor adventures, luxury amenities and a golf course designed by the legendary Tiger Woods.

Early shareholders include companies like Royal Bank of Canada; Sunshine Holdings; the Pension Fund of the Bahamas Communications & Public Officers Union; John Bull (1987) Limited and BA Financial; the estates of legendary Bahamian investors like the late Billy Lowe and the late John Morley; and Eleuthera-based investors like Lawrence Griffin and Rock Sound Properties (1976) Limited.

Thomas Sands, Rock Sound Properties CEO and Eleuthera native, said his investment in Jack’s Bay is an investment in the development of The Bahamas.

“There are many discussions about Bahamians pooling resources to drive the economy of our country while creating world-class products,” he said.

“Jack’s Bay is an example of not just lip service but of the execution by exceptional leadership which has been supported by a list of significant domestic and international investors who have consolidated their resources.”

For more information about the preference share offering, interested parties can contact investorrelations@jacksbayclub.com or jacksbay@CFAL.com.