The Bahamas International Securities Exchange (BISX) has approved the listing of two additional sub-funds under its Mutual Fund Listing facility for the Royal Fidelity Bahamas International Investment Fund: Royal Fidelity Bahamas International Investment Fund High Yield Income Fund and
the Royal Fidelity Bahamas International Investment Fund Alternative Strategies Fund — both open-ended investment funds.

Royal Fidelity Bahamas International Investment Fund (Class C Shares) High Yield Income Fund seeks a rate of return in excess of the Benchmark by investing in a portfolio of global and regional fixed income securities. Royal Fidelity Bahamas International Investment Fund (Class D Shares) Alternative Strategies Fund seeks to provide access to alternative investment managers, generally employing long-short equity investment strategies, to provide upside growth potential with substantially less volatility than the S&P500 Index. Both funds take advantage of the Central Bank of The Bahamas
Exchange Control Liberalization Programme which allows BISX Broker-Dealer Members to create securities that have as their underlying basis international securities.

Commenting on the listing of the two sub-funds, BISX Chief Executive Officer Keith Davies says, *“We are pleased to have been able to provide a platform where the creativity and innovation of our Broker-Dealer Members can be put to good use for the benefit of investors. Through the various Funds that
Royal Fidelity has created under the Programme, investors have been able to access many new asset classes that were previously unavailable to Bahamian retail investors.”*

Royal Fidelity Vice President and head of Mutual Funds, Joseph Euteneuer, agreed. *“The Alternative Strategies Fund is the only hedge fund vehicle available to local investors,” he said. “Our goal is to provide international equity investment exposure without the extreme volatility that can sometimes go
along with it, through a portfolio of long/short hedge fund managers. Along with our suite of top performing local funds, we think we have managed to create an attractive mix of investment options for just about any investor.”*

Royal Fidelity Merchant Bank & Trust Limited served as the BISX Sponsor Member that brought these sub-funds to the Exchange. Royal Fidelity Merchant Bank & Trust Limited also has been appointed as the Administrator and Investment Manager for these sub-funds.