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Dear Unitholders of the Unit Trust Corporation:

A paid advertisement in the form of a letter addressed to the Unit Trust Corporation (UTC) in the Sunday Guardian of October 9th 2011, was misleading and inaccurate, and deliberately calculated to cause mistrust in the minds of Unitholders.

Contrary to the allegations made in the advertisement, whose signatories chose not to reveal themselves, the UTC has not received an offer for the purchase of the CL Financial notes. If such an offer were made, the UTC would of course consider it.

Instead, the only offer that the UTC is aware of, is fraught with contingencies and uncertainties that we believe would result in years of costly litigation. Furthermore, the group that made the offer is already facing litigation regarding this matter before the Jamaican High Court.

In the absence of an offer to purchase the notes, the UTC is working to secure the full repayment of the CL Financial Notes, including all interest and principal.

The CL Financial notes held by the UTC are fully secured and constitute less than 2 percent of our more than $18.3 billion in assets under management. To date, the UTC has been paid all of the interest due from the notes and we are working to ensure that all of the principal will be repaid in the near future.

As stewards of Unitholders’ investments, and as an indigenous institution of Trinidad and Tobago, we will continue to exercise our fiduciary responsibility to safeguard our Unitholders’ interest and to ensure that your investments remain safe, stable and secure.

Yours sincerely
Eutrice Carrington
Executive Director


July 1st 2011 :  The Trinidad and Tobago Unit Trust Corporation (UTC) captured the coveted 1st place title in the Association of Female Executives of Trinidad and Tobago’s (AFETT) Large Group Category of the “Top 5 Companies” of Female Executives in Trinidad and Tobago survey. This announcement was made at the recently held Breakfast and Awards Presentation hosted by AFETT on June 28th, 2011 at Hyatt Regency Trinidad.

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June 27th, 2011

29th Annual General Meeting

Part One:

Part Two:

June 17th, 2011: The Unit Trust Corporation, this week, donated $200,000.00 to six (6) Non- Governmental Organisations to support their steadfast work of caring for persons infected and affected by HIV/AIDS, in a cheque presentation ceremony held at the UTC Financial Centre, Port of Spain. On hand to receive cheques were representatives from Caritas, South Aids Support, ComTalk, Point Fortin Church of the Nazarene, Tobago AIDS Society and Tobago – Oasis.

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Decision Part of Corporation’s Strategic Decision to Focus on Trinidad and Tobago

Port of Spain, June 14th, 2011: The Belize Money Market Fund announced today that it will repay investors in full and close the Fund. The Company will cease its operations in Belize by the end of 2011 as part of the parent company’s strategic decision to focus on its core operations in Trinidad and Tobago. The Unit Trust Corporation’s core business in Trinidad and Tobago is unaffected by the exit from Belize.

“As a multi-billion dollar institution with the funds to meet our Belize investor’s’ needs, we have put the appropriate resources in place to ensure a smooth transition of our Belize operations,” said Eutrice Carrington, UTC Executive Director. “The decision to exit Belize was very difficult to make, but at this time we feel it is important to focus on Trinidad and Tobago and on the Corporation’s core operations. I am proud of our Belize employees’ efforts and thankful for their dedicated service and hard work.”

The Belize Corporation will be working closely with regulators in Belize to ensure the smooth and orderly exit from the country. Belize employees will receive their full salary through the end of the year as well as job placement assistance from the corporation.

For further information, kindly contact:
Amoy Van Lowe
Chief Marketing Officer
Marketing & International Business
Unit Trust Corporation
UTC Financial Centre
82 Independence Square
Port of Spain
624-8648 Ext 7021

UTC Executive DirectorFebruary 11, 2011: The Chairman of the Unit Trust Corporation is extremely pleased to announce that Ms. Eutrice Carrington has been appointed as UTC’s Executive Director by the Board in consultation with the Central Bank and in accordance with section 7(1) of the Unit Trust Corporation of Trinidad and Tobago Act 1981.


Ms. Carrington has been with the UTC for nearly 20 years.  She has served the Corporation in a number of capacities, including Chief Executive Officer Financial Services, Vice President Asset Management, Manager Investment Management, Security Analyst and, Portfolio Manager. Ms. Carrington holds a Bachelors of Science honours degree in Economics and a Master’s of Science in Economics.


In congratulating Ms Carrington on her new appointment, Mr. Ewart Williams, Governor of the Central Bank noted that her sterling contribution to the UTC over the past several years made her uniquely suited to leading the Corporation over the next few years when market competition and new regulatory requirements would present new challenges.


During her professional career, Ms. Carrington has served as secretary of the Economics Association of Trinidad and Tobago.  She was also a member of the Technical Committee appointed by the Cabinet of Trinidad and Tobago to assist in the formulation of Mutual Fund Legislation. Ms. Carrington sits on the Board of two publicly traded companies.


In the coming weeks, Ms Carrington will meet with employees throughout the organisation, as well as with Unitholders and members of the corporate sector.


The Corporation hopes that all our Unitholders will join with us in congratulating Ms Carrington on this new appointment.

Dear Unitholders,

We are taking this time to make sure you have all the facts regarding important developments about lawsuits recently covered by the media.

We are pleased to inform you that last week the Supreme Court of the Turks and Caicos Islands ordered the developers of the Dellis Cay property in Turks and Caicos to freeze approximately $540 million (US$85 million) in assets to pay UTC’s claims. The UTC filed this lawsuit over a year ago against the developers to protect the interests of its Unitholders. The Supreme Court also dismissed all claims the developers had brought against the UTC.

Regarding the US lawsuit, in which we are one of 20 defendants, we believe it is without merit, and that US courts do not have jurisdiction in the matter.

Our priority remains that Unitholders’ investments with UTC are safe, secure and stable. Unit Trust Corporation has billions of dollars in assets under management and over 500,000 Unitholders. More than 500 people at UTC work every day to safeguard your investments and earn your trust.

Thank you for your continued confidence in us.

Amoy Chang Fong