Skip to main content

Experienced Global Investor Joins PCI-BAY Real Estate

Hamilton, BERMUDA (January 28, 1998) -- Mr. Patrick Yam, the executive managing director of Private Capital International, a Bermudian investment management company, and investment manager PCI-BAY Real Estate Equity Fund Ltd. ("PCI-BAY') is pleased to announce the appointment of Mr. Keith R. Bish to the Board of Directors of PCI-BAY. Mr. Bish, an experienced investor, manager and administrator of an independent private trust company, Bison Group Limited, benefits PCI-BAY with his over 25 years of diverse global experience.

Listed on The Bermuda Stock Exchange (The BSX), PCI-BAY is an open-end mutual fund company which specializes in investing in US publicly listed REITs (Real Estate Investment Trusts). REITs, a "defensive-growth" investment strategy provides investors with a low correlation to the broader US equity, bond, and fixed income markets and, allows investors to enjoy the benefits of owning real estate with broader diversification and greater liquidity. Today, REITs allow for investors to achieve an above average total return with individual REIT earnings growing at 9-11% with average dividend yields of nearly 6%. The investment advisor of PCI- BAY is Bay Isle Financial a specialist of REIT investing which manages in excess of $325MM and has provided investors with an average annual compounded return of 20%+ for eight of the past nine years.

For further information regarding the PCI-BAY Real Estate Equity Fund Ltd., please contact Mr. Patrick Yam or Mr. Joseph Kelly in Bermuda at 441-295-0326.