Key Insurance Offer
An offer has been made to acquire 100% of the issued share capital of Key Insurance Company Limited at J$2.70 per share, subject to the terms outlined in the official circular.
- March 24, 2025 at 9:00 AM
- April 22, 2025 at 4:30 PM
The GK Mutual Funds is a FSC approved Collective Investment Scheme registered by GK Mutual Funds Limited. Investors in GK Mutual Funds will be able to maximise the trust they have in GraceKennedy while leveraging the expert fund Management by TTUTC, fund managers with over 40 years of expert experience.
The fund’s primary objective is to provide shareholders with a competitive return while preserving capital through the use of a diversified portfolio of interest-bearing securities.
The primary objective of the Money Market Fund is to provide shareholders with a competitive return while preserving capital primarily through the use of a diversified portfolio of high-quality interest-bearing assets.
The Growth and Income Fund is a balanced fund aimed at generating income and long-term growth of the principal. The fund’s primary objective is to provide shareholders with a competitive return through capital appreciation and current income over a medium to the long-term investment horizon.
The Net Asset Value for the respective Funds as at May 12, 2025
| Name of Fund | Offer Price | Bid Price | MTD Growth | YTD Growth | Y-O-Y Growth |
|---|---|---|---|---|---|
| GK JA Dollar Money Market Fund (Low to Moderate Risk) | 119.2822 | 119.2822 | 1.604% | 6.201% | 9.710% |
| GK US Dollar Income Fund (Moderate Risk) | 10.8448 | 10.8448 | 0.616% | 2.299% | 3.034% |
| GK JA Dollar Growth & Income (Moderate to High Risk) | 117.2199 | 117.2199 | 2.568% | 4.359% | 10.539% |
An offer has been made to acquire 100% of the issued share capital of Key Insurance Company Limited at J$2.70 per share, subject to the terms outlined in the official circular.