In just ten months the UTC has grown its assets under management by $2 Billion. This was shared by the UTC Executive Director, Marlon Holder in his brief address to customers and members of the media at the UTC’s Annual Appreciation Function on November 13.
“Our (UTC) results this year (2008) have exceeded all our expectations,” said the UTC’s Executive Director. The UTC began 2008 with $19 Billion in Assets under Management and six hundred and sixty nine thousand accounts (669,000). “In just ten months, our (UTC’s) Assets under Management total over $21 billion….and we have quickly passed the 700 thousand account milestone with 706 thousand accounts to date.” What does this mean to investors with the UTC? “This year we (UTC) will also pay one of our largest distributions ever to our unitholders .” he stated. Read More