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We Are A Full Service Financial Trust Company
The Company subsequently increased its share capital and expanded its shareholder base. Trust Company (Guyana) Limited is licensed under the Financial Institutions Act and the Securities Industry Act to conduct its business.
MUTUAL FUND MANAGERS
What is a unit trust/mutual fund?
A Unit Trust or Mutual Fund is a fund in which cash is pooled and the fund divided into equal shares called units. Unitholders are allotted units representing their investment. The Fund is invested and the income is distributed to the Unitholders.
Guyana Unit Trust
The Guyana Unit Trust was established in 1969 by the Sandbach Parker Group. With the privatization of the Group in 1975, the Government was not inclined to take over the Unit Trust. Liquidation of the trust would have resulted in a huge loss to the Unitholders. Dr. Yesu Persaud who was a Director of that Group and of the Unit Trust was determined to let the Trust continue and he persuaded the Directors to manage the Trust for the benefit of the Unitholders.
Trust Company (Guyana) Limited previously trustees of the Guyana Unit Trust are now the Managers of the Trust. They have been managing this Trust for in excess of twenty-five years. The Fund is represented by a well-diversified portfolio of both local and overseas stocks and shares and bonds. The Fund is designed to provide safety of capital and invests in high-quality securities. Income is distributed twice per year. Unitholders benefitted from a yield that was higher than interest on bank accounts and treasury bills.
The Managers employ a prudent investment strategy and have been able to maintain a consistent increase in interest distribution. Unitholders benefit from growth and income in the Guyana Unit Trust which has an impressive track record. The Guyana Unit Trust affords investors the opportunity of investing through a single unit in a wide range of securities.
Income is distributed twice per year and the return on investment over the last five years has been:
Year Rate of Distribution Yield
2023 0.58 1.93% 2022 0.53 2.65%
2021 0.51 2.55%
2020 0.50 2.50%
2019 0.56 3.29%
2018 0.55 3.24%
Purchase of Units: Units can be purchased at the office of Trust Company (Guyana) Limited. The minimum number of initial units that can be purchased is 500. Additional units can be bought in multiples of 100. Units are currently being sold at $30.00.
Redemption of Units: A Unitholder may redeem any or all of the units of the Fund owned by such Unitholder in accordance with the Trust Deed. Units will be redeemed at their net asset value and the price payable will be after deducting commission. A notice requiring the Managers to purchase the units shall be made on a prescribed form at the office of the Managers.
There are no charges on purchases and redemption of units.
ESTATE PLANNING
You don’t have to be rich to have a legitimate Will and sound Estate Planning.
Why make a will?
Life is full of uncertainties. A Will is a way of ensuring that your final wishes are respected and carried out to the letter. It is a written legal record of how your assets – cash, property, life insurance, etc. will be distributed when you are no longer there.
Trust Company not only provides you with the personal attention necessary to help you through the delicate process as smoothly as possible. We offer you our services as Executor. The role of the Executor is to shoulder the sole responsibility for collecting all the assets of the estate and drawing up the list of property, dealing with the paperwork, calculations, and so on. We have the experience, organization, and permanency to do this.
It is easy to make a Will. Simply call or come into us with basic information about your assets, where they are held, and how you will like them to be distributed when you are gone. Remember no one knows what tomorrow will bring. Let Trust Company help you protect your family’s assets and preserve its wealth.
REGISTRAR FOR COMPANIES
Trust Company provides fast, accurate and courteous service to both companies and their shareholders. Management of shares and registrar require highly trained professionals. Our experience enables us to be completely flexible to the changing needs of our clients.
We are Registrar for several shareholder companies. Being a Registrar means keeping record of all shareholders of a company. Such records would include:
- Share certificates
- Amount of shares for each holder
- Dividends paid and encashed/outstanding
- Amount of cash held to pay dividend at any one point in time
- Transfer of shares
SHARE BROKERAGE
One form of investment is to buy shares. Trust Company is a registered broker trading on the Guyana Association of Securities Companies & Intermediaries Inc. (GASCI) and licensed under the Securities Act 1998 to execute trades on the Local Stock Exchange. Shares brokerage service is among the core business of Trust Company Guyana Limited since the inception and we have been the market leader in shares trading.
Our services can be utilized to buy and sell shares in any one of the companies trading on the stock exchange. You can confidentially place your investment in the hands of Trust Company and be assured of skilled and experienced advice at all times. Let us help you make the right investment decisions. Click here to see procedures for buying and selling shares!
TRUSTEE OF PENSION FUNDS AND PERSONAL TRUST
A trustee is a company that holds and administers property or assets for the benefit of a third party. A trustee may be appointed for a wide variety of purposes, such as in the case of bankruptcy, for a charity, for a trust fund, or for certain types of retirement plans or pensions.
A Pension Scheme has Trustees who are appointed by a Trust Deed. The rules of the scheme must be approved by the Bank of Guyana. The aim of the scheme is to be able to meet its liabilities to pensioners and potential pensioners at any point in time.
At Trust Company, we take great care to make sure that all information received in our capacity as trustees is treated in the strictest confidence and only used for the purposes for which it has been given. Trust us as your Trustee, because we are solid, secure, reliable, and trustworthy.
CREDIT SERVICES
We offer loans secured by your real estate collateral. Call or send us an email to find out more about our credit services. Our interest rates are competitive.
WEALTH MANAGEMENT
Trust Company provides excellent investment services to manage your wealth. We are experienced in wealth management, employing prudent skills in maintaining a diversified portfolio to derive the maximum benefit for our clients.