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National Investment Fund up to $9.3b
Thursday 1 April 2021
Republic Bank s branch in Rio Claro. The National Investment Fund owns 26 per cent in the Republic Bank group. - Photo by Marvin Hamilton
The value of the National Investment Fund rose to $9.3 billion in 2020, an increase of $1.3 billion since it was set up in mid-2018, chairman Vishnu Dhanpaul reported.
Although the amounts are at lower levels due to the economic impact of the covid19 pandemic, Dhanpaul noted the fund has received a steady stream of dividend payments from investments in Republic Bank, Angostura Holdings, West Indian Tobacco Co Ltd (Witco), One Caribbean Media Ltd (OCM) and Trinidad Generation Unlimited (TGU).
NIF pays out $112.2m to bond holders
Wednesday 10 February 2021
Republic Bank branch in Rio Claro. The National Investment Fund holds a more than 50 per cent shareholding in Republic Financial Holdings Ltd. File photo -
The National Investment Fund Holding Company Ltd (NIF) has paid out $112.2 million to bond holders in its fifth distribution interest payment on February 9.
Since the fund’s inception in July 2018, total interest payments have totalled $561 million to its more than 7,500 investors.
The next semi-annual interest payment will be made on August 9. The NIF paid out an equivalent amount last August.
In a statement published in the press, the NIF noted that, notwithstanding the economic and social challenges being posed by the covid19 (pandemic), the value of the fund’s portfolio was $9.33 billion, “which was an increase of $1.33 billion over its mid-2018 established portfolio.” This is less than the fund’s $9.4 billion value reported six months ago.