TORONTO, March 10, 2025 (GLOBE NEWSWIRE) — Economic Investment Trust Limited (TSX:EVT) (the “Company”) announced today that the Toronto Stock Exchange (the “Exchange”) has accepted a notice filed by the Company of its intention to proceed with the renewal of its Normal Course Issuer Bid (the “Bid”) to be transacted through the facilities of the Exchange or through alternative Canadian trading systems.
The notice provides that the Company may, during the 12-month period commencing March 12, 2025 and ending March 11, 2026, purchase up to 271,094 common shares in the capital of the Company (“Shares”) in total, being approximately 5% of the total number of 5,421,897 Shares outstanding as at February 27, 2025. The price which the Company will pay for any such Shares will be the prevailing market price at the time of acquisition. The actual number of Shares which may be purchased pursuant to the Bid will be determined by management of the Company. Any Shares purchased pursuant to the Bid will be cancelled.
The average daily trading volume of the Shares on the Exchange for the most recently completed six calendar months was 292. Under the Bid, the Company may purchase up to 1,000 Shares on the Exchange during any trading day.
The timing of purchases will be determined by management of the Company, which will be based on market conditions, …
