Home Investments ECONOMIC INVESTMENT TRUST LIMITED ANNOUNCES NOTICE OF CHANGE TO SUBSTANTIAL ISSUER BID CIRCULAR TO CORRECT DISCLOSED PAID-UP CAPITAL AMOUNT

ECONOMIC INVESTMENT TRUST LIMITED ANNOUNCES NOTICE OF CHANGE TO SUBSTANTIAL ISSUER BID CIRCULAR TO CORRECT DISCLOSED PAID-UP CAPITAL AMOUNT

by Ozva Admin

TORONTO, August 31, 2022 /CNW/ – Limited Economic Investment Trust (TSX: TVE) (the “Company“) announced today that the September 6, 2022will mail Shareholders a notice of change (the “change notice“) to your Substantial Issuer Offering Circular (the “Circular“) dated August 16, 2022previously filed on SEDAR under the Company’s issuer profile in sedar.comannouncing the Company’s intention to initiate a substantial issuer offering (the “Offer“) to buy up to $20,000,000 in the value of its outstanding common shares (the “share“) cash.

The offer started on August 22nd2022 and will expire on September 26, 2022 (the “Date of Expiry“), unless withdrawn or extended. The Offer is not conditioned on the tendering of a minimum number of Shares. However, the Offer is subject to other conditions and the Company reserves the right, subject to applicable laws, to withdraw or modify the Offer, if, at any time before the payment of the Shares deposited, certain events occur.

The Notice of Change states that the Company estimates that on the Maturity Date the paid-in capital per Share should be approximately $36.45 for purposes of the Law on Income Tax (Canada) and no $18.00 as incorrectly stated in the Circular.

All terms of the Offer remain the same as set forth in the Circular.

This press release is for informational purposes only and does not constitute an offer to buy or a solicitation of an offer to sell any Shares. Any questions or requests for information regarding the Offer or Notice of Change should be directed to Computershare, as depositary at: 416-263-9200, or to Scotiabank, as distributor manager at: 416-945-4642.

About Economic Investment Trust Limited

The Company is a closed-end investment corporation listed on the Toronto Stock Exchange. The Company has always been an investment vehicle for long-term growth through investment in common stock, as management believes that, over a long period of time, common stock as an asset class will outperform fixed income instruments or balanced funds. The investment objective is to earn an above-average rate of return, primarily through long-term capital appreciation and dividend income. Equity investments in the portfolio reflect investment opportunities around the world. For more information please visit: https://www.evt.ca/.

Forward-looking statements

This press release may contain forward-looking information within the meaning of applicable securities regulation. The words “may”, “will”, “would”, “should”, “could”, “expect”, “plan”, “intend”, “trends”, “indications”, “anticipate”, “believes”, “estimates”, “predicts”, “likely” or “potential” or negative or other variations of these words or other comparable words or phrases are intended to identify forward-looking statements. These statements include, without limitation, statements that include the total number of Shares to be purchased for cancellation under the Offer, the expected expiration date of the Offer and the estimated paid-up capital. The Company believes that the expectations reflected in the forward-looking statements in this press release are reasonable, but there can be no assurance that these expectations will prove correct and such forward-looking statements should not be unduly relied upon. Forward-looking information is based on a number of assumptions and is subject to a number of risks and uncertainties that may cause results or events discussed in this press release to differ materially from those discussed or implied by such forward-looking information. . These risks and uncertainties include, but are not limited to, general local business and economic conditions. All forward-looking information in this press release speaks as of the date hereof. The Company makes no commitment to update such forward-looking information, whether as a result of new information, future events or otherwise. Additional information about these assumptions and risks and uncertainties is disclosed in filings with securities regulators filed on SEDAR (sedar.com).

SOURCE Economic Investment Trust Limited

For more information: Richard B. Carty, Corporate Secretary, Economic Investment Trust Limited, Telephone: (416) 947-2578, Fax: (416) 362-2592; Scott Ewert, Vice President, Economic Investment Trust Limited, Phone: (416) 947-2578, Fax: (416) 362-2592

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