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Join the library and read over the (August) vacation period. The advice came from Janice Jackman, Assistant Manager of the Unit Trust Corporation Port of Spain Customer Service Centre at the recently held graduation for the 52 students participating in the UTC Sponsored A.R.R.O.W. (Auditory, Read, Respond, Oral, Write) literacy programme held at the Richmond St. Boys Anglican School in Port of Spain. The students improved their reading and writing skills by as much as 2 years over the period of the programme. Read More

July 1st, 2009

First Unit Scheme

The Trinidad and Tobago Unit Trust Corporation has announced a TT $116.9 Million dividend payment to investors in the Growth and Income Fund (First Unit Scheme). A total of TT$116,930,683.71 will be paid to investors in increments amounting to TT$0.45 a Unit. This is the 53rd distribution for the Growth and Income Fund and represents the period January 01 to June 30, 2009 – a period of significant fluctuation on the local and international stock markets. Read More

Lascelles deMercado, one of Jamaica’s largest conglomerates, yesterday declared two dividends equalling J$14 (US$0.16) an ordinary share in a move that is significant because the group is now under the control of the Government of T&T. At a meeting on Friday, the Lascelles board approved an interim dividend of J$6.00 per ordinary stock unit and a special interim dividend of J$8.00 per ordinary stock unit, both payable to ordinary stockholders on record at the close of business June 26, 2009. Read More

Asa Wright Nature Centre is destination #1 for bird watchers and tropical rainforest enthusiasts visiting Trinidad and Tobago. The Centre once again benefitted from the work of staff from the Trinidad and Tobago Unit Trust Corporation (UTC) when a team of 22 UTC volunteers visited the centre on May 31 to assist in preserving trails at the 1500 acre facility. Read More

Ever wonder what happens to carelessly disposed crab and dumpling containers? Volunteers from Environment Tobago and the Trinidad and Tobago Unit Trust Corporation (UTC) can tell you – they end up in a clogged water system or even in the waters of the beaches you enjoy! “Working to clean up this wetland has made me realize how many non-biodegradable items we use in the world today,” said Desire Hackett-Murray of UTC’s Tobago Customer Service Centre after participating in a partnership project between UTC and Environment Tobago to clean up the Belle Garden Wetland in Tobago. A recent study by Environment Tobago found the Belle Garden Wetland to be teeming with wildlife with many species of birds, agouti, crabs, butterflies and even caiman. All animals are threatened by poor garbage disposal. Read More

Ever wonder what happens to carelessly disposed crab and dumpling containers? Volunteers from Environment Tobago and the Trinidad and Tobago Unit Trust Corporation (UTC) can tell you – they end up in a clogged water system or even in the waters of the beaches you enjoy! “Working to clean up this wetland has made me realize how many non-biodegradable items we use in the world today,” said Desire Hackett-Murray of UTC’s Tobago Customer Service Centre after participating in a partnership project between UTC and Environment Tobago to clean up the Belle Garden Wetland in Tobago. A recent study by Environment Tobago found the Belle Garden Wetland to be teeming with wildlife with many species of birds, agouti, crabs, butterflies and even caiman. All animals are threatened by poor garbage disposal. Read More

Fifteen minutes, 10 seconds is how long it took Pamenos Ballantyne to complete the UTC Ribbons of Hope 5K – in thirty five degree (Celsius) weather! Ballantyne, a 2004 Olympic entrant and native of St. Vincent, trains with Pt. Fortin Road Runners and says the key to running is mental and physical preparation. He trains every day including pace endurance training and other exercises. “A balanced diet is also a key to being a strong competitor,” he said. In Tobago, Kelvin Johnson won the Tobago Ribbons of Hope completing the course in 16 minutes 46 seconds. Read More

Donates $80,000 to HIV/AIDS Organizations

Just days from the 8th Annual UTC Ribbons of Hope 5K road race, the Trinidad and Tobago Unit Trust Corporation (UTC) has donated $80,000 (the funds raised from last year’s event) to four (4) HIV/AIDS organizations in Trinidad and Tobago. The organizations benefitting from the funds raised by the Ribbons of Hope 5K were identified based on need and their dedication to HIV/AIDS education, treatment and support and were as follows:

  • Caritas AIDS Ministry
  • Pt. Fortin Church of Nazerene
  • National AIDS Hotline
  • South AIDS Support

Read More

While companies around the globe report decreased earnings and give bleak forecasts, the UTC is reporting 2008 as a year of unprecedented growth and has already seen some growth continue in 2009. Unit Trust Corporation (UTC) investors benefitted from over TT $1 billion in distribution payments in 2008 (a 32% increase over 2007). As at March 31, 2009 UTC has already seen their assets under management grow by an additional $520M with bond returns outperforming bank deposits and equity products outperforming their benchmarks (though still negative). Read More

While companies around the globe report decreased earnings and give bleak forecasts, the UTC is reporting 2008 as a year of unprecedented growth and has already seen some growth continue in 2009. Unit Trust Corporation (UTC) investors benefitted from over TT $1 billion in distribution payments in 2008 (a 32% increase over 2007). As at March 31, 2009 UTC has already seen their assets under management grow by an additional $520M with bond returns outperforming bank deposits and equity products outperforming their benchmarks (though still negative). Read More