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Bullboard - Stock Discussion Forum ECN Capital Corp T.ECN.PR.C


Primary Symbol: T.ECN Alternate Symbol(s):  ECNCF | ECNNF | T.ECN.DB | T.ECN.DB.A | T.ECN.DB.B

ECN Capital Corp. is a Canada-based provider of business services to North American banks, credit unions, life insurance companies, pension funds and institutional investors (collectively, its Partners). The Company originates, manages and advises on credit assets on behalf of its Partners, specifically consumer (manufactured housing and recreational vehicle and marine) loans and commercial... see more

Bullboard (TSX:ECN)

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Comment by thebear91on Dec 15, 2021 6:13pm

RE:RE:RE:RE:RE:RE:RE:RE:Good Show of Confidence

since the dividend is over 25%, the due bill process protects the valuation until ex-div standard dividend events in chronological order: 1) ex- div (stock trades down to new value) typically the ...more  
Comment by SuperMon Dec 15, 2021 5:43pm

RE:RE:RE:RE:RE:RE:RE:Good Show of Confidence

Well, if you are correct, that is even more confusing. Dividend paid 22nd, ex divi on 23rd So, they take it back if you sell on 22nd???
Comment by thebear91on Dec 15, 2021 4:59pm

RE:RE:RE:RE:RE:RE:Good Show of Confidence

This special dividend follows a different set of rules : Special Dividends: "Due Bill" Process | IB Knowledge Base (ibkr.info) The ex-div date is December 23rd, as per BMO. Due Bill ...more  
Comment by SuperMon Dec 15, 2021 4:21pm

RE:RE:RE:RE:RE:Good Show of Confidence

I don't want to start an argument but if you buy on the x-dividend day, you do not get the dividend. As described below.  Ex-Dividend Date (or Ex-Date) In order to receive the next ...more  
Comment by SuperMon Dec 15, 2021 1:53pm

RE:RE:RE:RE:RE:Good Show of Confidence

yes it is more complicated than normal ex-divi situations. the actual reduction of share price will happen on Dec. 23rd. So, i don't expect the shares to drop that much, but it's still going ...more  
Comment by Lawyerupon Dec 15, 2021 1:52pm

RE:RE:RE:RE:Good Show of Confidence

Looks like people are a bit confused this may help: New 2 day rule:  T-day + 2 business days.  So if you bought today December 15th your settlement date would be this Friday December ...more  
Comment by BigJoon Dec 15, 2021 1:38pm

RE:RE:RE:RE:Good Show of Confidence

It's more complicated than a regular "ex-dividend" situation From ECN's press release: "The distribution is scheduled to be paid on Dec. 22, 2021, to holders of common shares ...more  
Comment by SuperMon Dec 15, 2021 1:33pm

RE:RE:RE:Good Show of Confidence

This is from the news release "The Distribution is scheduled to be paid on December 22, 2021 (the “Payment Date”) to holders of Common Shares of record as of the close of business on December 15 ...more  
Post by Lawyerupon Dec 15, 2021 12:32pm

Tomorrow's Price Dec.16th

So tomorrow we should see a price drop of $7.50 to $4.10 or lower.  Usually what happens the price goes lower than the $4.10 which I am lookiing for.  So the people that only bought for the ...more  
Comment by Lawyerupon Dec 15, 2021 12:22pm

RE:RE:Good Show of Confidence

Ex-dividend date is the 15th, doesn't matter if you bought today you still get the dividends.  I think you are confused with the settlement day which is two business days after the trade date ...more  
Comment by SuperMon Dec 15, 2021 9:42am

RE:Good Show of Confidence

I don't understand why shares are up the last 2 days. People who don't own the shares as of the end of day today, will not get the divi. That means that people who bought yesterday and today ...more  
Post by retiredcfon Dec 15, 2021 9:33am

Good Show of Confidence

09:05 AM EST, 12/15/2021 (MT Newswires) -- ECN Capital (ECN.TO) said Wednesday that the underwriters have agreed to buy $60 million of listed senior unsecured debentures due Dec. 31, 2027, at a price ...more  
Post by CanSiamCypon Dec 08, 2021 11:19am

ECN Downgraded by DBRS

ECN Downgraded by DBRS to Pfd-4(high) December 7th, 2021 DBRS has announced that it: downgraded the ratings of ECN Capital Corp. (ECN or the Company), including the Company’s Long ...more  
Comment by SuperMon Dec 07, 2021 9:37am

RE:CIBC

Not bad.  That would imply $13.50 Still good upside. GLTA SM
Post by retiredcfon Dec 07, 2021 8:55am

CIBC

EQUITY RESEARCH  December 6, 2021 Earnings Update  ECN CAPITAL CORP.  Resuming Coverage Following The Sale Of Service& ...more  
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