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BSX Approves Listing of Class B Shares of Butterfield Bermuda Fund Limited
Hamilton, Bermuda: 1 May 2008 - The Listing Committee of the Bermuda Stock Exchange (BSX) today announced the approval of the listing of Class B shares of Butterfield Bermuda Fund Limited, (the "Company"). The listing was effective from 24 April 2008.
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The Company was initially incorporated in Bermuda on 22 February 1994.
Butterfield Securities (Bermuda) Ltd. sponsored the listing of the Company's shares.
Ian Coulman, Managing Director of Butterfield Asset Management said: "This is the addition of an institutional class to the existing Butterfield Bermuda Fund. The Butterfield Bermuda Fund has the objective of long-term capital growth and current income by investing in a diversified portfolio of Bermuda assets. These assets may consist of equity securities of companies incorporated in Bermuda or having a substantial presence in Bermuda, debt securities of those companies and of the Bermuda Government."
"The new class has a lower management fee and has attracted the interest of some local pension providers that either have, or are planning to add the Fund to their range of fund offerings for pension plans" Mr. Coulman said.
James S. McKirdy, Chief Compliance Officer of the BSX added, "The BSX is delighted to welcome the listing of Class B shares of the Butterfield Bermuda Fund Limited."
For further information on the Butterfield Bermuda Fund Limited, please contact Butterfield Asset Management at 299 3817 (fax 292 9947 or e-mail lynneholmes@bntb.bm).