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June 7th, 2005

UTC’s Money Market Fund 63rd Distribution of $81.6 Million

 

On June 1st 2005, the Trinidad & Tobago Unit Trust Corporation made a distribution of TT $81,628,877.42 to 305,746 unitholders in its TT Dollar Money Market Fund (Second Unit Scheme). This represents an average payout of 5.40% (effective yield – 5.63%) for the three months ending May 31st 2005. This payout also marks the 63rd distribution of the Money Market Fund since its inception in September 1989 and brings the total of funds disbursed to $2.08B.

The Money Market Fund offers customers high rates of interest, security of capital and one hundred per cent access to their investment. This fund remains the only local mutual fund providing customers with debit card access to their primary Money Market Fund account through the UTC’s Visa Electron Debit Card.

The Unit Trust Corporation takes this opportunity to thank its valued unitholders for their continued support and confidence, and to reaffirm its commitment to providing innovative investment solutions and outstanding fund performance.

For the month of June, the quoted minimum yield for the TT Dollar Money Market Fund is 5.4 0% (effective yield – 5.63%). The UTC also manages a US Dollar Money Market Fund, for which the quoted minimum yield for this period is 5.00% (effective yield – 5.20%).

Larry Olton
Asst. Vice President
Marketing and International Business
07 June 2005