Topic: Royal Fidelity Merchant Bank & Trust Limited

Royal Fidelity Merchant Bank & Trust Limited announced that, as a result of a management-led buyout, RF Holdings Limited, a newly formed Bahamian holding company, has agreed to acquire 100 percent of its issued and outstanding shares that were previously held on a 50/50 basis by RBC Royal Bank of Canada and Fidelity Bank (Bahamas) Limited.