ECN Capital Corp T.ECN

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

Financial Services

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 (inventory finance or floorplan) loans. The Company operates through two segments: Manufactured Housing Finance, and Recreational Vehicles and Marine Finance. It operates through three businesses: Triad Financial Services, which manufactures home loans; Source One Financial, which is engaged in nationwide marine and RV lending; and Intercoastal Finance Group, which is engaged in national marine and RV lending. It provides prime credit portfolio solutions: Secured consumer loan portfolios, which manufactures home loans, and Secured consumer loan portfolios, which provides marine and RV loans.

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ECN Capital Corp > Ecn capital gains implication question.

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Comment by Blueswinon Oct 13, 2021 3:02pm

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Post# 34002298

RE:RE:Ecn capital gains implication question.

Thank you that was very helpful.

My bottom line question was why would a person take a new position in ECN today, why not wait until the dividend is paid & the share price drops the $7.50?

One of the good reasons you gave is that if bought today $10.70 - $7.50 drop after the dividend is paid leaves with getting shares at $3.20 for example instead of paying @ the possible $4-$5 range.

But if one was buying in a regular trading account today it would give you the $7.50 dividend that you would need to pay taxes on. If you buy after the dividen is paid out the price of the stock drops that same $7.50 & there is no tax.

So the only positive buying now in a trading account is you may get it cheaper at present than after the dividen. Does that sound right to you?

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