Upcoming regulatory changes in St Lucia have prompted the decision to relocate the Funds to a jurisdiction where the Bank is already present and can meet all of its regulatory obligations, in this instance, Trinidad and Tobago.

Existing investors in the Funds will not be unduly affected by the move. All efforts are being made to make the transition as smooth and seamless as possible for you. If you choose to move your investment with the Fund(s) into the Unit Trusts, you will receive units in exchange and in proportion to your existing shareholding in the Funds at the prevailing market value on the date of the transfer.

Your account information will also be transferred to the Unit Trusts and your investment in the Unit Trust(s) will continue to be backed by the existing underlying invested assets which will also be transferred. All costs associated with the move and set up of the Unit Trusts will be borne by the Unit Trusts’ Sponsor, Scotiabank Trinidad and Tobago Limited (“Bank”) and not the Funds’ investors.  

The Scotiabank Trinidad and Tobago Growth Fund’s name is being changed to the “Scotiabank Trinidad and Tobago Growth and Income Fund” to better reflect the balanced nature of the Fund’s underlying investment holdings and its investment objective. The name change does not signal any change to the Fund’s current investment objective nor mandate. The Fund’s asset allocation and investment selection will remain unchanged following the name change.  

There is no action required by existing investors who wish to remain invested in the Funds.. Any investor who wishes to redeem part or all of their investment remains able to do so at any time via the usual channels.

All regulatory approvals have been received and, as at June 11th, 2021 the Funds have been placed into liquidation and the assets and units transferred. View Prospectus here