Economic Investment (EVT) Stock Price & Analysis

Economic Investment Trust Limited Economic or the Company was the first closedend investment trust formed in Canada in 1927. The trust was sponsored by the chartered accounting firm of George A. Touche & Company.The initial capitalization consisted of 32250 shares issued in 1927 at $50 for a total of $1612500. In addition $1000000 of 30-year 5% Collateral Trust Gold Bonds were issued in 1927 making the total amount of initial capital subscribed $2612500.Economic is a closed-end investment corporation the shares of which trade on the Toronto Stock Exchange under the symbol EVT. Economic is an investment vehicle for long-term growth through investments in common equities as management believes that over long periods of time common equities as an asset class will outperform fixed-income instruments or balanced funds. From time to time however assets of the Company may be invested in interest-bearing short-term securities pending the selection of suitable equity investments.