The National Housing Trust (NHT), wishes to provide information to the public on the nature of its relationship with Stocks and Securities Limited, SSL.
SSL has in the past formed part of a pool of brokerage institutions used by the NHT to purchase shares/stocks on the Equity Market.
The NHT therefore has a brokerage account, which reflects units purchased by SSL on behalf of the NHT in three securities listed on the Jamaica Stock Exchange, JSE.
The NHT has independently verified the units held in these securities with the Jamaica Central Securities Depository (JCSD) which as at January 16, 2023, were valued at JMD$230M.
The NHT therefore does not consider its investment in these three securities, held through the brokerage account, as exposed or in any way compromised.
-30-