Daily Market Summary May 17,2017
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PJAM Focused on Finding Additional Opportunities
Introduction The meeting commenced with Chairman and Chief Executive Officer (CEO) Mr. Stephen Facey welcoming and thanking shareholders for their attendance at company’s annual general meeting despite the adverse weather conditions across the island. Following the opening remarks, the CEO introduced the company’s Director’s and key management staff present at the meeting. According to the CEO, the Board of PJAM established several Committees during 2016. The Chairman stated, “from a governance perspective, I want to point out that we have established four substantive sub-committees to the board.” Each Committee is chair by a member of the Board possesses clearly defined
KPREIT Annual General Meeting held May 16, 2017 at the Courtleigh Hotel.
Introduction Mr Sinclair began the proceedings by welcoming us to this the 9th annual general meeting. He stated that “ KPREIT has now developed into a real estate investment trust with properties in Jamaica, United States and Cayman Islands.” Mr. Sinclair highlighted main performance indicators during the year such as the stock appreciation which increased by 42% year over year as well as increasing dividend payments by 100%, making payments of USD $400,000 in FY2016 compared to US$200,000 paid in 2015, with a 1 year growth dividend yield that is the highest of its peers. Based on the appreciation of