Economic Investment Trust Ltd T.EVT

Alternate Symbol(s): ECVTF

Economic Investment Trust Limited is a closed-end investment company. The Company is an investment vehicle for long-term growth through investment in common equities. The Company’s objective is to earn an above-average rate of return, primarily through long-term capital appreciation and dividend income. The investment portfolio of the Company comprises a mix of Canadian and foreign investments. The Company invests in interest-bearing short-term securities pending the selection of suitable equity investments. The Company owns, directly and indirectly, long-term investments in the common shares of some publicly traded Canadian companies, and a managed global investment portfolio of common shares of publicly traded global companies. Its long-term investments consist primarily of the publicly traded common shares of E-L Financial Corporation Limited, Algoma Central Corporation, and The Bank of Nova Scotia. Its investment manager is Neuberger Berman Canada ULC.

TSX:EVT - Post by User

Economic Investment Trust Ltd

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Post by Malpeque2on Dec 24, 2019 11:59am

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Post# 30487938

Net Equity Value For 9/30/2019

As reported on SEDAR filing is about $152 per share. That is AFTER TAX according to the filing. EVT has 38% of its equity invested in E-L Financial. I have to assume they are reporting that value at market.

E-L F trades at a pretty low value verses Tangible Book.

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