August 23, 2021
Portland JSX Limited (PJX) has announced the successful completion of a privately placed USD5 million Cumulative Preference Shares offering. The Preference Shares mature in five (5) years and are subject to certain terms and conditions. The proceeds of the Offer were used to co-invest in securities of an existing Portland Caribbean Fund II portfolio company, Outsourcing Management Limited which does business as ITEL. The Preference Shares are expected to be fully serviced by returns from the related investment.
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