by Joel Julien

This Fri­day marks the fi­nal day of trad­ing for units in the Cli­co In­vest­ment Fund (CIF) and with just three more trad­ing days to go be­fore the CIF is ter­mi­nat­ed, head of the Cli­co Pol­i­cy­hold­ers Group Pe­ter Per­me­ll is ad­vis­ing unithold­ers to be mind­ful of not throw­ing away po­ten­tial cash that may be com­ing their way.

Ac­cord­ing to Per­me­ll, it is im­por­tant for CIF unithold­ers to note that on care­ful analy­sis of the in­for­ma­tion cur­rent­ly in the pub­lic do­main, they can look for­ward to re­ceiv­ing a cash pay­ment of around 67 cents per unit held.

This, Per­me­ll said is 2.46 per cent more based on the clos­ing CIF mar­ket price as at the last trad­ing day of the T&T Stock Ex­change which was De­cem­ber 23.

“This sum rep­re­sents the fi­nal div­i­dend pay­ment by Re­pub­lic Bank Fi­nan­cial Hold­ings Ltd (RFHL) to the CIF of $138,249,432 (cal­cu­lat­ed as $3.45 per share mul­ti­plied by the 40,072,299 RFHL shares owned by the CIF),” Per­me­ll stat­ed in a re­lease.

The RFHL div­i­dend an­nounce­ment was pub­lished on the T&T Stock Ex­change’s web­site on No­vem­ber 8 but on­ly paid to the CIF on De­cem­ber 1.

“It is note­wor­thy that this cash pay­ment is in ad­di­tion to the 0.1964 RFHL shares for each unit held, (cal­cu­lat­ed as 40,072,299 RFHL shares di­vid­ed by 204,000,000 CIF units) and the $3.445 worth of bonds per unit held (cal­cu­lat­ed as $702,867,000 bonds di­vid­ed by 204,000,000 CIF units) which ac­cord­ing to the CIF’s De­cem­ber 12 TTSE fil­ing, will be trans­ferred to the bro­ker­age ac­counts of qual­i­fy­ing unithold­ers be­fore the end of Jan­u­ary 2023,” he stat­ed.

“It should al­so be not­ed that this process pur­suant to the RFHL’s Fund Ad­min­is­tra­tion Agree­ment with the Trustee, CLI­CO Trust Cor­po­ra­tion, will be man­aged from the reg­is­trar side through First Cit­i­zens and the Trinidad and To­ba­go Cen­tral De­pos­i­to­ry along­side the Trustee,” he stat­ed.