UTC Media Centre

Archive for July, 2009

So far for 2009, over 40 community initiatives have benefitted from the “sweat equity” of UTC’s staff members. This, thanks to the Trinidad and Tobago Unit Trust Corporation’s (UTC’s) changed approach to corporate social responsibility. UTC now focuses on active social investment in areas of development which impact a wide cross section of the national community as opposed to the traditional approach of basic financial contribution. Read More

The Tobago Heritage Festival is one of the most anticipated annual cultural events held in Tobago.

(The Tobago Heritage Festival) is a great way of showcasing the talent and heritage of different villages across Tobago and brings the entire island together,” said Mr. Terrence David, representative from the village of Bethel as he spoke about the benefits the festival brings to the people of Tobago. Read More

When it comes to investing, diversification (investing in more than one type of financial product) is key to growing one’s wealth. Customers of the Trinidad and Tobago Unit Trust Corporation (UTC) that heeded this advice, benefitted from their share of over TT $163M in income from three (3) UTC mutual fund products over the period January to June 2009. The amount reflects the total distributions from the Growth and Income Fund (TT$116,930,683.71) and the US Dollar Income Fund (US$7,191,822.91), along with income generated by the Universal Retirement Fund (TT$4,754,019.25). Read More

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