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December 21st, 2018

NAF Liquidation FAQ’s

The Unit Trust Corporation wishes to advise shareholders in the North American Fund, formerly known as the Chaconia Income and Growth Fund that the fund has been liquidated effective December 20th, 2018. Following are some FAQ’s

What is the process for redemption of my funds?
From December 21st redemptions for the balance in each customer’s account, less any applicable taxes, will be processed by US Bancorp and remitted to all customers at their address given on record.  Read More

November 23rd, 2018

UTC launches ETF Fund


UTC hosts financial workshops on improving financial literacy

November 2018:
The Unit Trust Corporation hosted a series of financial workshops across Trinidad and Tobago over the course of this year, designed to sensitize people to the nuts and bolts of financial literacy and arming them with the tools for making better financial decisions.

Theone-day-free workshops were conducted by a cadre of UTC team members, namely in Sangre Grande and Carnage as well as Bon Accord and Bethel, Tobago, where participants welcomed the opportunity to see how saving and investing can make a difference to their lives.

UTC’s Investment Centre Manager, Janice Jackman stressed the importance of having specific long and short-term goals, which should be measurable, achievable, realistic and time-bound. These are ingredients necessary to making any goal a reality. “Goals without a plan are just a dream. To achieve financial freedom, you must have a plan and work towards it,” she told a workshop in Carenage. Read More

September 27th, 2018

Notice of Change in Business Hours


Dear unitholder,

We wish to advise that effective August 30th, 2018 our bankers, will no longer be accepting US$ third party cheques (i.e. cheques made payable to an individual or an institution other than UTC), due to foreign regulations imposed on non-banking financial institutions using the international cheque clearing system. Consequently, the UTC is required to comply with these foreign regulations.

Considering the above, unitholders depositing cheques to their US Income Fund (USIF) and North American Fund (NAF) accounts are now required have all US Cheques made payable to the “Trinidad and Tobago Unit Trust Corporation.”

Alternatively, unitholders can utilize electronic wire transfer services where their funds will be accessible immediately and will not carry a holding period. Unitholders with queries on this matter can call their Investment Centre or the UTC’s Contact Center at 624-8648.

We apologize for any inconvenience that this change may cause.

Thank you for your loyalty and we look forward to our continuing relationship with you.

Karrian Hepburn

UTC’s Chief Customer Relationship Officer

June 29th2018: Unitholder Ivan Mendonca, who on June 23rd reached his 100-year birthday milestone, was celebrated by the Unit Trust Corporation at his home branch at the San Fernando Investment Centre.
“I will never forget this experience,” said centenarianMr. Mendonca as he expressed his appreciation for the recognition. Investment Centre Manager Andre Clarke described it as a tremendous milestone, adding, it was an honor for UTC team members to share the moment with Mr. Mendonca. Read More

UTC Foundation partners with United Way for International Day of Caring

June 1st 2018: In the spirit of giving, the UTC Foundation partnered with United Way for International Day of Caring to give back to the environment. A total of 150 UTC volunteers made their way to the Valencia Quarry Rehabilitation Centre on Sunday 20th May, where they were educated on the various processes of planting seedlings and trees. The enthusiastic volunteers then took to the task of mixing compost, mulching and planting at the quarry. Read More

Nigel edwardsMr. Nigel Edwards appointed as Executive Director of Unit Trust Corporation

April 20, 2018: The Honourable Justice Rolston Nelson, Chairman of the Trinidad and Tobago Unit Trust Corporation, is pleased to announce that Mr. Nigel Edwards has been appointed as the new Executive Director of the Unit Trust Corporation, effective June 1st, 2018.
Edwards, who succeeds Ian Chinapoo, joined the UTC in 2013 and held the position of Chief Financial Officer before his appointment as Executive Director.
The Board of Directors welcomes Mr. Edwards to the position which underlines his extensive leadership experience across multiple disciplines. Justice Rolston Nelson, Chairman, commented: “The Board is pleased to appoint Nigel Edwards as Executive Director. He is a critical member of the Strategic Leadership Team which is instrumental in the Corporation maintaining its robust financial position and ensuring it is well positioned to optimize opportunities.
The Chairman adds: “He brings with him a wealth of experience to lead the charge in continuing the UTC’s innovation thrust and strengthening its dominance in the financial services sector. This appointment recognizes his increasing leadership role, and the Board’s full confidence in both our strategic direction and our executive team.”
Mr. Edwards, newly-appointed Executive Director, commented: “I am honoured to have the opportunity to lead the Corporation as it continues with its growth strategy in a competitive environment. Working within a productive and creative environment is an asset to staying focused on meeting the needs of our customers and optimizing our value as we do so. One of my immediate objectives is to enable the UTC to enhance its technological infrastructure tailored to meet the evolving needs of our customers.”

He is the holder of a MSc. Finance from the London BSc. Management Studies from the University of the West Indies, St. Augustine. He is also a member of the Chartered Association of Certified Accountants (ACCA) with twenty-five years’ experience in the field of Accounting and Finance.
Prior to joining UTC, Mr. Edwards has held executive roles in the financial services industry with regional companies.

For more information, please contact:

Rory Rostant
Reputation Management
Unit Trust Corporation
82 Independence Square
Port of Spain
T: 624-8648 ext. 3111
M: 685-7975
E: rrostant@ttutc.com