Sagicor Financial Company Ltd on Monday announced the introduction of an initiative designed to support its shareholders.

According to the company, the service, named Sagicor eBrokerage, allows shareholders to seamlessly transition their registered shares into an eBrokerage account, unlocking a range of benefits that will enhance their overall investor experience.

“By transitioning to a Sagicor eBrokerage account, shareholders will enjoy: direct dividend payments, eliminating the need for cheque encashment and clearing, as shares transferred to a brokerage account will have dividends paid directly to that brokerage account; real-time tracking of share performance; the ability to buy and sell shares conveniently; streamlined account management; and enhanced communication and timely updates,” the company said in a news release.

“Additionally, for a limited time, Sagicor will reimburse Caribbean-resident shareholders owning 1,000 or less shares for the fee associated with the brokerage transfer. This initiative is designed to provide shareholders with a more efficient, cost-effective, and engaging experience,” the company said.

It explained that Sagicor eBrokerage is offered in Antigua and Barbuda, Barbados, Dominica, Grenada, St Kitts and Nevis, St Lucia, St Vincent and the Grenadines, and Trinidad and Tobago.

“Shareholders resident in countries where Sagicor eBrokerage is not offered will be reimbursed for the fee associated with transfer of shares to a broker of their choice, up to the equivalent transfer fee to Sagicor eBrokerage. Detailed instructions will be provided by mail directly to shareholders eligible for this offer,” the company said.

Sagicor also said that Shareholders in Barbados can further enhance their investment experience with an additional option; to have direct deposit of their dividends to a US dollar or Barbados dollar account with Sagicor Bank (Barbados) Limited.

“By opening a bank account, shareholders can enjoy: no service fees, no exchange rate losses, and a US dollar MasterCard debit card, providing easy access to their funds,” the company stated.

“Our goal is to provide shareholders with greater control and flexibility. This initiative allows shareholders the option to transition their shares to a brokerage account, enabling faster receipt of dividends, an efficient way to buy and sell shares, and streamlined account management. We remain dedicated to enhancing the shareholder experience and this initiative is a key step in that direction,” the release quotes Sagicor Financial Company Ltd President and CEO Andre Mousseau, who said the initiative forms part of an ongoing effort to improve the shareholder experience.

The company invited shareholders to visit sagicor.com/ebrokerage to book an appointment, or e-mail ebrokerage_support@sagicor.com for more information.