Профиль Economic Investment Trust Ltd
Economic Investment Trust Limited (â€œEconomicâ€ or the â€œCompanyâ€) was the first closed end 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 32,250 shares issued in 1927 at $50 for a total of $1,612,500. In addition, $1,000,000 of 30-year 5% Collateral Trust Gold Bonds were issued in 1927, making the total amount of initial capital subscribed $2,612,500. Economic is a closed-end investment corporation, the shares of which trade on the Toronto Stock Exchange under the symbol â€œEVTâ€. 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.