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“The UTC is pleased that the Supreme Court of the Turks and Caicos Islands this week ordered Cem Kinay and Oguz Serim , the developers of the Dellis Cay property in Turks and Caicos, to freeze approximately TT$540 million (US$85 million) in assets held by Kinay and Serim globally and to maintain these assets to satisfy the claims of the UTC against Kinay and Serim. The UTC filed a lawsuit over a year ago against Kinay and Serim to protect the interests of UTC and its unit holders. The Supreme Court also dismissed all claims Kinay and Serim had brought against the UTC. The UTC will continue to take all actions necessary to protect the interests of its unit holders in this matter.”

For further information kindly contact:
Ms. Gayle Daniel-Worrell
VP Marketing and International Business
Cell: (868) 681-8867
Email: gdworrell@ttutc.com

November 2 2010: Over the past five years the Unit Trust Corporation has hosted a Divali Art Competition , which encourages young people from across the nation to capture the essence of Divali in various artistic media. This is in line with the UTC’s commitment to the all-round development of the nation’s youth. The artistic talent of the nation’s youth shone at our  Chaguanas offices on October 25 when the inspiring artwork of students participating in the 5th Annual UTC Divali Art Competition was displayed during  the Corporation’s Divali celebrations and Art Competition Award Ceremony.
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Investors in the Trinidad and Tobago Unit Trust Corporation’s US Dollar Income Fund will receive a distribution payment totalling $3.62M on October 1st, 2010 and is equivalent to a rate of 1.8%. The distribution represents the income earned by the US Dollar Income Fund over the period July 1st to September 30th 2010. This is third distribution to US Income Fund Investors this year and the 42nd distribution to investors since the Fund’s inception. Investors in this Fund would have received over US$11.5M or TT$73.025M in payments so far for this year. Read More

September 3, 2010: The Trinidad and Tobago Unit Trust Corporation will open the doors to its newest Investment Centre at One Woodbrook Place in St James on September 27, 2010. Read More

June 24th, 2010


June 24, 2010: In accordance with section 30 (6) of the Unit Trust Corporation Trinidad and Tobago Act, 1981 (as amended) the UTC is required to submit its annual audited accounts to the Minister of Finance by April 30 of each year. This was done on April 9, 2010. Similarly, under section 30 (7) of the Act the Minister of Finance is required to lay the accounts in Parliament. Read More

June 21, 2010: The Trinidad and Tobago Unit Trust Corporation (UTC) opened its 10th Customer Service Centre on Monday June 14, 2010 at Movietowne, Invaders Bay, Trinidad. “UTC chose Movietowne as our customers are increasingly defining convenient locations as those that offer opportunities to access a variety of services in one location,” said Ms. Eutrice Carrington, Chief Executive Officer (Ag.) of the UTC. Read More

May 26, 2010: Investors of the Trinidad and Tobago Unit Trust Corporation (UTC) are being reminded of the advantages of a diversified portfolio. With a suite of ten funds, a multi-fund approach was demonstrated showing the additional benefits of spreading investments over a variety of funds to garner better returns. “The notion of passive diversification as a cure for investment underperformance must give way to an approach that more actively extracts value from a diversified portfolio of funds,” said Ms. Eutrice Carrington, UTC Chief Executive Officer (acting).

“The variety of UTC’s equity and income funds now offers investors additional options to improve their returns by constructing their own portfolios from UTC’s product offering,” she said at the Corporations’ May 26, 2010 Annual General Meeting at Queen’s Hall, Port of Spain. Read More

rohimageMay 13, 2010: The Trinidad and Tobago Unit Trust Corporation (UTC) advises that the Trinidad leg of the UTC Ribbons of Hope 5K originally scheduled for May 15th has been unavoidably postponed to May 29th 2010.

The Tobago race remains unaffected and will be held on Sunday May 16th.

UTC regrets any inconvenience caused by the postponement of the Trinidad race.

(868) 624-8648

April 26, 2010: The Trinidad and Tobago Unit Trust Corporation published its Financial Statements for 2009 today. The Chairman’s Review of 2009 highlights the difficult market conditions that prevailed in 2009 – global interest rates were at historic low levels and stock markets also experienced record lows. By the end of the year, however, there were signs of improvements in most markets and the UTC was cautiously optimistic about future trends. Read More

April 9th, 2010


Eutrice CarringtonApril 9, 2010: The Chairman of the Board of Directors of the Trinidad and Tobago Unit Trust Corporation (UTC), Ms Amoy Chang Fong, announced today that Ms. Eutrice Carrington will take over the reins of the UTC, effective 10 April 2010, until the Board completes its search to fill the Executive Director’s position, vacated by Marlon Holder.   “The Board will immediately begin to examine both internal and external candidates for the post of Executive Director of the UTC,” said Ms Chang Fong. 

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