Economic Investment Trust Limited (TSX:EVT) announces a share repurchase program. Under the substantial issuer bid, the company will repurchase CAD 20 million worth of its shares. The shares will be repruchased at a price of not less than CAD 120 and not more than CAD 140 per Share. If the offer is oversubscribed, the company will prorate the number of shares accepted for payment, except for the odd lot. The program will be funded from s, from a combination of cash available to be drawn on Economic's operating credit facility with a Canadian chartered bank affiliate of the Dealer Manager (the “Credit Facility”) and available cash on hand. The offer will commence on August 22, 2022, and expire on September 26, 2022. As of August 16, 2022, there were 5,567,635 Shares issued and outstanding.

Scotia Capital Inc. (“Scotiabank”) acted as financial advisor and dealer manager and Computershare Investor Services Inc. acted as a depository to the company.