Sygnus Credit Investments Limited (“SCI” or the “company”) an entity under the Leading Alternative Investments firm, Sygnus Capital Limited (“Sygnus”), has announced its Dual Currency Cumulative Redeemable Preference Share Offer (the “Preference Share Offer”) of US$20 million and J$800 million, across three (3) classes of Preference Shares.
Sygnus Real Estate Finance Limited (“SRF” or the “Company”), a specialty real estate investment company, which uses flexible capital (debt and equity) to unlock value in real estate assets across the industrial, residential, commercial, hospitality and infrastructure segments, released its financial results for the financial year ended August 31, 2023 (“FYE Aug 2023”). SRF reported a book value per share of J$23.89 for FYE Aug 2023, compared with J$23.24 per share last year, while net profit attributable to shareholders was J$211.44 million compared with J$692.95 million last year. The company’s average return on equity over its 4 years since it began operating was 22.9%.
Sygnus has reaffirmed its dedication to advancing literacy and critical-thinking skills among young boys through its recent partnership with Amplified Studios’ ‘Reading N’ Reasoning With 500 Boys’ initiative.
Sygnus, the leading alternative investments firm in the Caribbean, stands unwavering in its commitment to support the battle against breast cancer, the most commonly diagnosed cancer and the second-leading cause of cancer-related deaths. On Tuesday, October 10, 2023, the firm made a generous donation of J$500,000 to the Jamaica Cancer Society (JCS) and its affiliated organisation, Jamaica Reach To Recovery (JR2R).
Acrecent Financial Corporation, a leader in financing solutions for small and medium-sized businesses in Puerto Rico, is pleased to announce its 20th anniversary, a moment to celebrate its contribution to the growth and strengthening of the local economy.
Sygnus Real Estate Finance Limited (“SRF” or the “Company”), a specialty real estate investment company, which uses flexible capital (debt and equity) to unlock value in real estate assets across the industrial, residential, commercial, hospitality and infrastructure segments, released its financial results for the nine months (“9 Month 2023”) and third quarter ended May 31, 2023 (“Q3 May 2023”). During 9 Month 2023, the company deployed J$2.82 billion in investment commitments, compared to J$2.42 billion in the corresponding period last year. Total real estate investment assets increased by 27.9%, exceeding J$14.1 billion dollars, while book value per share increased 6.3% to J$21.82.
SCI’s board of directors authorized a three-year share buyback program which will see SCI repurchasing up to US$9.00 million of its ordinary shares. This further reflects SCI’s commitment to shareholders during its initial public offering and as prescribed by the Company’s articles of association.
(Kingston, Jamaica) Members of the Sygnus team on Tuesday, May 9, 2023 in observance of Read Across Jamaica Day and in celebration of Child Month, journeyed to the John Mills Infant Primary and Junior High School, as well as the Riverton Meadows Early Childhood Centre, where they engaged the children in educational and fun-filled activities.
Visiting the different classes, members of the team sat with students reading stories from an array of books including, but were not limited to local author Kellie Magnus’ Little Lion Goes To School and young local author Sapphire Cadogan’s The Magical Fruits. The team also enjoyed leisure time with the children, engaging them in outdoor playground activities such as ring games.
In a handover ceremony, the Sygnus team presented the children with an assortment of books and educational games for their reading corners. John Mills was also presented with a new printer for their main office. Following this, the team in honour of Teacher’s Day, taking place on Wednesday, May 10, gifted teachers with a celebratory cake and special gifts.
The Riverton Meadows Early Childhood Centre, one of the four centres run by the St. Patrick’s Foundation – an organisation which Sygnus has supported for the last 5 years, expressed their gratitude to the Sygnus team, presenting the firm with a certificate of appreciation.
“The team is very happy and honoured to once again be a part of such a significant national initiative. We respect and applaud the efforts of our teachers who work tirelessly to establish a solid foundation of reading for our children. Here at Sygnus we believe in the importance of reading and how life-changing that can be. It was really an opportunity for us to take part in ensuring our children, who are the future of our country, are equipped and have access to additional educational resources. So we not only donated books by some great Jamaican authors, but educational games as well. We definitely had fun interacting with the children from both John Mills and Riverton. We hope that we were able to inspire the children to find the fun and gains in reading,” shared Renee Rickards, Marketing Manager at Sygnus.
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About Sygnus
Sygnus is the leading alternative investment management company in the Caribbean and Latin America, spanning private credit, real estate, and private equity. Sygnus manages Sygnus Credit Investments Limited (SCI) (80 Lady Musgrave Road) which is listed on the JSE and the largest Private Credit Investment company in the English-Speaking Caribbean. SCI is a pioneering private credit investment company, which offers creative debt financing to middle market businesses across the Caribbean. Sygnus Real Estate Finance Limited (SRF) provides flexible capital (Debt or Equity) to all classes of real estate assets (commercial, industrial, or residential). Sygnus Deneb Investments Limited (SDI) invests private equity capital in companies in the form of growth capital, buyouts, and turnarounds. The Sygnus Group also includes Acrecent Financial Corporation in Puerto Rico, a non-bank financial institution that provides asset-backed loans and leases to SMEs in Puerto Rico. Sygnus also offers its clients Investment Banking and Wealth Advisory..
Sygnus Real Estate Finance Limited (“SRF” or the “Company”), a specialty real estate investment company, which uses flexible capital (debt and equity) to unlock value in real estate assets across the industrial, residential, commercial, hospitality and infrastructure segments, released its financial results for the six months (“6 Month 2023”) and second quarter ended February 28, 2023 (“Q2 Feb 2023”). During 6 Month 2023, the company deployed J$2.03 billion in investment commitments, compared to J$1.05 billion last year. Total real estate investment assets increased by 38.7%, exceeding the J$14 billion mark for the first time, while book value per share increased by 7.6% to J$22.32.
Sygnus Deneb Investments Limited announced its investment in Caribbean Marine Investments (“CMI”), based in St. Maarten and Guadeloupe that operate in the maritime industry in the Caribbean.