Home > UTC Media Centre > Media Release

Media Release

Archive for the ‘Media Release’ Category

February 12th, 2015

Carnival Closure Notice


January 21st, 2015

UTC prevents loss of funds

January 20th 2015: In January 2013, during our routine compliance procedures, the Unit Trust Corporation discovered and prevented an attempt to defraud an institution of $50 million.

There was no loss of funds to the institution and the monies were fully recovered. Immediately following the detection of the fraudulent activity, we informed the financial institutions involved and law enforcement officials were notified.

We have been fully cooperating with law enforcement officials in their investigation and appreciate the significant efforts of the authorities in this matter.

The UTC employs rigorous processes and procedures designed to prevent fraud and we continue to seek to ensure that unit holders’ funds are safe and secure.

For further information, please contact:
Rory Rostant
Communications Manager
Tel: 624-8648 ext. 7020; mobile 685-7975
Email: rrostant@ttutc.com

December 31st, 2014

UTC NewYearsGreeting


December 23rd, 2014

UTC Christmas Hamper Drive

Executive Director, Unit Trust Corporation, Ian Chinapoo presents one of 32 food hampers to Melissa Jimenez, Marketing Officer, KIND, at Unit Trust Head Office, Independence Square, Port of Spain.

Executive Director, Unit Trust Corporation, Ian Chinapoo presents one of 32 food hampers to Melissa Jimenez, Marketing Officer, KIND, at Unit Trust Head Office, Independence Square, Port of Spain.

UTC Christmas Hamper Drive:

In celebration of its thirty-second anniversary, the Unit Trust Corporation donated 32 hampers to Kids In Need of Direction (KIND), a charitable foundation that provides assistance to children at risk throughout Trinidad and Tobago. KIND also supports the development of children through the pillars of education, nutrition, medical assistance, vocational training, emotional counselling and sport. UTC fully supports initiatives that aid in the development of at risk youths and provides support towards meeting their educational needs.

UTC, NIB and NEL Jointly Acquire 10% stake inPhoenix Park Gas Processors Limited

First investment as a consortium by the leading institutional investors in Trinidad & Tobago results in full ownership of Phoenix Park by statutory and related entities of the Republic Trinidad & Tobago.

 Port of Spain, November [19th] 2014 –An investmentconsortium comprisingThe National Insurance Board of Trinidad and Tobago (“NIBTT”), National Enterprises Limited (“NEL”), and The Trinidad and Tobago Unit Trust Corporation (“UTC”) announced today the acquisition of 100% of the equity of Pan West Engineers & Constructors, LLC (“Pan West”)for a total consideration of US$ 168 million.Pan West is a wholly-owned subsidiary of General Electric Capital Corporation (“GE”) and the holder of a 10% equity interest in Phoenix Park Gas Processors Limited (“Phoenix Park”). Read More

November13, 2014: Local business journalists, both seasoned and rookies, were given an opportunity to take their craft to another level at the Business Media Workshop hosted by the Unit Trust Corporation on 15th and 16th October, 2014, at the Hyatt Regency, Port of Spain.

Following the conclusion of the two-day workshop, reporters and editors from across the media spectrum, were presented not only with Certificates of Participationbut digital voice recorders, a useful tool to assist them with their jobs. The UTC hosted its first media workshop in 2012 and made quite an impact. Read More

November 11th, 2014

UTC building community bridges

November 7, 2014:Movietowne, Port of Spain, came alive with the infectious joy of children from Sophia House and St. Jude’s Home for Girls, when staff from the Unit Trust Corporation’s One Woodbrook Place Investment Center took the time to accompany them to an evening at the movies.

As part of UTC’s focus on building lasting relationships in our communities, UTC staff ‎also brought smiles to the faces of children from the National Association for Downs Syndrome when they participated in various games, art and craft.

Michelle Harnarinesingh of the Human Resource Department stated, “I was moved by this experience and marveled at how inventive these kids were, it would be great to come here again to see the progress of the children.” Read More

UTC brings light to Divali Art Competition

The Facebookfans of the Trinidad and Tobago Unit Trust Corporation have officially spoken. The Unit Trust Corporation for a second year placed voting power in the hands of our 10,000 plus Facebook Fans to select the winners of the annual Divali Art competition, in both the Primary and Secondary schoolcategories.

Young Kyle Gopaul of Guaico Presbyterian School emerged the winner of the Primary School People’s choice category, receiving over US$300 in Gift of Units for his artistic portrayal of the competition’s theme “Deyas of Enlightenment”. Trishana Mahabir of Lakshmi Girls’ Hindu emerged victorious in the People’s Choice CategorySecondary Schools, winning over US$300 in Gift of Units with her creative depiction that caught the attention of the fans on the UTC Facebook page. Read More

October 20, 2014: As part of the Unit Trust Corporation’s commitment to caring for the environment, UTC staff took their energies and channeled it into sustainable initiatives that brought value to the communities in which the Corporation operates.

With this in mind, team members from the Tobago investment center and Electronic Distribution Channels (EDC) recently conducted beach clean-ups at Kilgwyn Beach, Bon Accord and Hart’s Cut Bay, Chaguaramas, an activity that not only preserves the natural environment but provides an opportunity for team building. Read More