VM Financial Group Limited has successfully closed its most recent Preference Share Offer, raising approximately J$10.6 billion. The instrument surpassed its initial target of J$8.53 billion and signals strong investor confidence in the Group’s performance and long-term growth strategy.
The offer, which opened on February 16, 2026 and closed on March 31, 2026, featured Cumulative, Redeemable Preference Shares with a fixed dividend across four (4) classes offered investors varying tenures of 3, 5, 7 and 10 years, respectively, with competitive fixed dividend yields ranging from 9.25% to 10.50%. Investors were invited to participate at a subscription price of JMD $100 per share, with minimum investments set at JMD $100,000 for existing investors and JMD $1,000,000 for new investors.
The strong oversubscription reflects robust demand from a diverse investor base, including retail investors, institutional clients, and high-net-worth individuals, all seeking stable returns through structured investment opportunities backed by VM Financial Group’s solid financial foundation and market reputation.
The Preference Shares are expected to be listed on the Jamaica Stock Exchange (JSE), providing investors with enhanced liquidity and an additional avenue for portfolio diversification.
“The successful oversubscription of this Preference Share Offer is a strong indication that investors are confident in VM Financial Group’s performance, resilience and long-term vision. Importantly, this represents our second successful preference share offer in recent years, reinforcing the strength of our capital markets strategy and the trust that investors continue to place in the VM brand. We look forward to listing these shares on the Jamaica Stock Exchange and leveraging this capital to accelerate our growth and expansion initiatives as we continue to deliver value for our Members and clients.”
“This level of investor participation speaks not only to the strength of the VM Financial Group, but also to the continued appetite in the market for well-structured, income-generating investment opportunities. As lead broker, we are proud to have facilitated strong engagement across our investor network, and we remain committed to connecting our clients with opportunities that support both wealth creation and long-term financial growth.”
Proceeds from the offer will support VM Financial Group’s strategic priorities, including strengthening its capital base, expanding into new markets and business lines, and enhancing its ability to deliver innovative financial solutions to its Members and clients.
VM Financial Group Limited is the financial holding company of VM Group Limited, established in 2023. The Group comprises VM Building Society, VM Investments Limited, VM Wealth Management Limited, VM Pensions Management Limited, VM Finance UK Limited, and VM Money Transfer Services. Through its integrated suite of financial solutions, VM Financial Group is committed to helping individuals and businesses achieve financial wellbeing and long-term success.