Economic Investment Trust Limited
ECVTF
Other OTC- -
USD
- -
- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.- CEO
- Duncan Newton Rowell Jackman
- Sector
- Financial Services
- Industry
- Asset Management
- Address
- Bay Wellington Tower, Brookfield Place Toronto ON Canada M5J 2T3
- IPO Date
- May 15, 2012
- Website
- evt.ca
- Similar Companies
- Business
- Economic Investment Trust Limited (TSX: EVT; OTC: ECVTF) is a Canada-based closed-end investment company that provides long-term capital appreciation and dividend income to shareholders through a diversified portfolio of common equities. Founded in 1927 and headquartered at 165 University Avenue, 10th floor, Toronto, Ontario, the company maintains direct and indirect long-term holdings primarily in publicly traded Canadian companies, including E-L Financial Corporation Limited, Algoma Central Corporation, and The Bank of Nova Scotia; alongside a managed global portfolio of common shares in publicly traded international companies; with temporary allocations to interest-bearing short-term securities pending equity investment opportunities. The company's investment strategy targets above-average returns via equity investments worldwide, serving institutional and retail investors seeking exposure to Canadian and foreign equities without redemption pressures typical of open-end funds. Managed by Neuberger Berman Canada ULC, Economic Investment Trust operates with a low management expense ratio of 0.22% as of fiscal 2024 and declares quarterly dividends on its common shares. In recent developments, the company renewed its normal course issuer bid (NCIB) on March 10, 2025, authorizing the repurchase of up to 271,094 common shares, or 5% of its public float, through March 11, 2026, to enhance shareholder value when shares trade below net asset value. On February 11, 2025, Economic Investment Trust announced a proposed ten-for-one stock split of its common shares, pending shareholder approval at its April 30, 2025 annual meeting and Toronto Stock Exchange consent, aimed at improving liquidity and market accessibility. The company also continued its pattern of substantial issuer bids, with prior completions in 2023 and 2022, alongside regular dividend declarations, including a $4.57 per share dividend in early 2025 and a special dividend in January 2025. These initiatives reflect ongoing capital management efforts amid net assets of $1,321.4 million as of December 31, 2024.