Ad blocking detected

Thank you for visiting CanadianInsider.com. We have detected you cannot see ads being served on our site due to blocking. Unfortunately, due to the high cost of data, we cannot serve the requested page without the accompanied ads.

If you have installed ad-blocking software, please disable it (sometimes a complete uninstall is necessary). Private browsing Firefox users should be able to disable tracking protection while visiting our website. Visit Mozilla support for more information. If you do not believe you have any ad-blocking software on your browser, you may want to try another browser, computer or internet service provider. Alternatively, you may consider the following if you want an ad-free experience.

Canadian Insider Ultra Club
$500/ year*
Daily Morning INK newsletter
+3 months archive
Canadian Market INK weekly newsletter
+3 months archive
30 publication downloads per month from the PDF store
Top 20 Gold, Top 30 Energy, Top 40 Stock downloads from the PDF store
All benefits of basic registration
No 3rd party display ads
JOIN THE CLUB

* Price is subject to applicable taxes.

Paid subscriptions and memberships are auto-renewing unless cancelled (easily done via the Account Settings Membership Status page after logging in). Once cancelled, a subscription or membership will terminate at the end of the current term.

Economic Investment Trust Limited (T:EVT)

Business Focus: Closed End Funds

Sector:  Financials Industry:  Closed End Funds
 
See Regulatory Filings on SEDAR
Company Contact
Address: 165 University Avenue, 10th Floor
TORONTO ON M5H 3B8
Tel: N/A
Website: www.evt.ca
IR: See website
Key People
Duncan N. R. Jackman
Chairman of the Board, President, Chief Executive Officer
Frank J. Glosnek
Acting Chief Financial Officer, Treasurer
Scott F. Ewert
Vice President
Richard B. Carty
Corporate Secretary
   
Business Overview
Economic Investment Trust Limited is a closed-end investment company. The Company is an investment vehicle for long-term growth through investments 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. Its investment portfolio 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.
Financial Overview
For the six months ended 30 June 2022, Economic Investment Trust Limited revenues decreased from C$148M to -C$117.2M. Net loss totaled C$102.4M vs. income of C$126.9M. Revenues reflect Other net fair value changes in investme decrease from C$135M to -C$143.3M. Net loss reflects Office and miscellaneous increase of 29% to C$183K (expense), Directors remuneration increase of 9% to C$192K (expense). Dividend per share remained flat at C$0.60.
Employees: 11 as of Dec 31, 2001
Reporting Currency: Canadian Dollars
Enterprise value: $665.53M as of Jun 30, 2022
Annual revenue (TTM): $-23.83M as of Jun 30, 2022
EBITDA (TTM): -$27.20M as of Jun 30, 2022
Net annual income (TTM): -$17.47M as of Jun 30, 2022
Free cash flow (TTM): $10.82M as of Jun 30, 2022
Net Debt Last Fiscal Year: N/A
Shares outstanding: 5,567,635 as of Aug 4, 2022
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization