Trinidad and Tobago Unit Trust Corporation
Notes
to the Consolidated
Financial Statements
FOR THE YEAR ENDED
31 DECEMBER, 2012
Expressed in
Trinidad and Tobago dollars
A55
The segregated portfolio shares are held by various investors,
including theTrinidad andTobago UnitTrust Corporation, which has
invested in the mutual funds issued by the Unit Trust Corporation
(Cayman) SPC Limited. The Statement of Financial Position of this
Company comprises the combined assets and liabilities of five
mutual funds, plus the value of the voting share. The Corporation
invested seed capital of $25 million across the five mutual funds.
Its holdings currently represent 37% (2011 - 31%) ownership of the
segregated portfolio shares.
UTC Energy Investment Limited was incorporated in 2007 under
the laws of Delaware, USA. The Corporation holds 90% of the
Capital of this Company and the Growth and Income Fund holds
the remaining 10%. All of the assets of this subsidiary are reported
on the Consolidated Statement of Financial Position.
UTC Fund Services Inc., was inactive from its incorporation until 1
March, 2009 when it began operations as the investment advisor to
the UTC North American Fund Inc.
The UTC North American Fund Inc., is registered as an open-
end, diversified, management investment company under
the Investment Act of 1940 of the United States of America, as
amended.
34) INVESTMENT IN SUBSIDIARIES
(continued)
b) Foreign Subsidiaries
(continued)
Unit Trust Corporation
Annual Report 2012
