Date Closed

September 26, 2022

Lead Office

Toronto

Value

14.50 Million CAD

On September 27, 2022, Economic Investment Trust Limited ("Economic") announced the final results of its “modified Dutch auction” substantial issuer bid. Economic took up and paid for a total of 103,007 common shares at a price of $140.00 per common share, representing an aggregate purchase amount of approximately $14,420,980 and 1.85% of the total number of Economic’s issued and outstanding common shares before giving effect to the offer.

Economic, headquartered in Toronto, Ontario, is a closed-end investment corporation that trades on the Toronto Stock Exchange.

McCarthy Tétrault advised Economic with a team led by Andrew Parker that included Karen Luu, Lama Kahiel, Daryna Kutsyna, Angela Lizotte (Business), Stefanie Morand, and Dean Xiao (Tax).