Marianas Variety

Last updateFri, 28 Jun 2019 12am

Headlines:

     

     

     

     

     

    Thursday, June 27, 2019-12:24:08A.M.

     

     

     

     

     

Font Size

Settings

DPL remits over $800,000 to MPLT

(Press Release) — Last week, the Department of Public Lands remitted $800,334.16 to the Marianas Public Land Trust General Fund. MPLT transferred the funds received for investment with its Core Fixed Income money manager, Garcia, Hamilton and Associates, with an average 3.7 percent annual rate of return.

MPLT’s portfolio is diversified of which 9.66 percent is allocated to Large Cap Value, 9.47 percent to Large Cap Core, 4.8 percent Emerging Markets. 40.98 percent Fixed Income, 8.89 percent Master Limited Partnership, 10.48 percent Real Estate Investments Trust and 15.71 percent to Diversified Local Investments, totaling a market value of $70,711,127 as the end of February 2016.

The MPLT trustees are Martin B. Ada, chairman; Peter Q. Cruz, vice chairman; and Maria T. Pangelinan, treasurer.