Dividends from shares of companies listed on South Pacific Stock Exchange received by resident shareholders are exempted from tax.
Also, no Capital Gains Tax apply. Only cash dividends are included in calculating the dividend yield.
BSP Convertible Notes Ltd (BCN) is listed on the Interest Rate Securities Board of SPSE and has a 3 year term with a fixed return of 7% per annum. It is a debt security and will mandatorily convert to Fiji Class Shares upon maturity.