Economic Investment Trust Limited
EVT.TO
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ROIC.AI
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- Economic Investment Trust Limited (TSX: EVT) is a closed-end investment company that provides long-term capital appreciation and dividend income through investments in common equities of Canadian and global publicly traded companies. The company maintains a diversified portfolio comprising direct and indirect long-term holdings primarily in the common shares of E-L Financial Corporation Limited, Algoma Central Corporation, and The Bank of Nova Scotia; a managed global equity portfolio; and, from time to time, interest-bearing short-term securities pending suitable equity investments. Burgundy Asset Management Ltd. launched the fund, with Neuberger Berman Canada ULC serving as the investment manager. Founded in January 1927 as Canada's first closed-end investment trust and headquartered in Toronto, the company operates with a low management expense ratio of 0.22% as of fiscal 2024 and trades its common shares on the Toronto Stock Exchange. The company's investment strategy targets above-average returns by holding equities across diversified sectors globally, with net assets of $1,321.4 million as of December 31, 2024, and quarterly dividends on common shares. It caters to long-term investors tolerant of short-term volatility, benefiting from closed-end structure advantages such as lower expenses and no redemption pressures. Recent developments include the receipt of a special dividend from E-L Financial totaling $28,923,000 during the second quarter of 2024, contributing to year-to-date net investment income gains of $42,345,000; sustained quarterly dividend declarations, including $0.03 per share in November 2025 and $4.57 per share earlier in the year; and the announcement on March 10, 2025, of a renewed normal course issuer bid to repurchase shares amid a persistent trading discount to net asset value. No significant acquisitions, funding rounds, partnerships, or strategic shifts were reported in the last 1-2 years.