Dominion and Anglo Investment Corporation Limited

March 13, 2009 09:19 ET

Dominion and Anglo Investment Corporation Limited Announces Acquisition of Common Shares of Economic Investment Trust Limited

TORONTO, ONTARIO--(Marketwire - March 13, 2009) - Dominion and Anglo Investment Corporation Limited ("Dominion") announces that it acquired a further 900 Common Shares of Economic Investment Trust Limited ("Economic"), increasing its ownership from 1,470,498 (26.18%) of the Common Shares to 1,471,398 (26.20%) of the Common Shares. Dominion has an informal understanding with other shareholders of Economic under which they act in concert with respect to the voting of securities of Economic held by them. The purchase increases the ownership of Dominion and these other shareholders from 4,202,229 (74.83%) of the Common Shares to 4,203,129 (74.85%) of the Common Shares. The purchase was effected through the facilities of the Toronto Stock Exchange for consideration of $49.083 per share. The purchase, and Dominion's holding of Common Shares of Economic, are for investment purposes only. Dominion may purchase further Common Shares from time to time, if in its judgment the shares represent a good investment in view of their price. Dominion is relying on the exemption from the formal bid requirements set forth in section 100 of the Securities Act (Ontario). The normal course purchase exemption is available as Dominion's purchase of 900 Common Shares (together with other Dominion purchases in the preceding 12 months) did not exceed 5% of the outstanding Common Shares of Economic; there is an established market for the Common Shares; and, the value of the consideration paid for the Common Shares will not exceed the market price, plus reasonable brokerage fees or commissions actually paid.

Contact Information

  • Dominion and Anglo Investment Corporation Limited
    Mark M. Taylor
    (416) 947-2578
    (416) 362-2592 (FAX)