CIF listed on Trinidad and Tobago Stock Exchange
Tuesday, January 08 2013 @ 12:45 AM AST
Contributed by: margareth
The Trinidad and Tobago Stock Exchange (TTSE) on Monday (January 7, 2013) listed 204 million units in the CLICO Investment Fund on the Mutual Fund Market, opening trading for the government-created fund under the symbol CIF, a statement from the TTSE said.
"This Fund was created by the Government of the Republic of Trinidad and Tobago (GORTT) to afford holders of the 11-20 Year Government Bonds the opportunity to redeem their bonds for units in the Fund. Unit holders in the Fund will be able to trade their units on the Secondary Market," the statement said.
"The Trinidad and Tobago Stock Exchange Limited continues to work tirelessly in itsí effort to develop the local capital market by offering dynamic investment opportunities within a transparent, regulated environment," the TTSE said.
"The Trinidad & Tobago Stock Exchange Limited (TTSE) was established in 1981. Currently, there are 35 local and regional securities listed on the Exchange with a total market capitalization of approximately TT$98 billion, 25 government bonds with a total face value of approximately TT$16 billion, two corporate bonds with a total face value of TT$618 million, and one US Dollar security with a total market capitalization of US$138 million. These listings offer the market a range of investment opportunities comprising equities, mutual funds, and government and corporate bonds.
(From left) TTSE Deputy Chairman Subhas Ramkhelawan, CLICO Trust Corporation Chairman Jerry Hospedales and TTSE CEO Wain Iton