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ECN Capital Corp T.ECN

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

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.


TSX:ECN - Post by User

Comment by TimeScapeon Nov 10, 2021 7:14pm
183 Views
Post# 34112662

RE:RE:RE:RE:RE:RE:RE:RE:TD

RE:RE:RE:RE:RE:RE:RE:RE:TDJust announced the return of capital portion of the dividend will be about $4.15, so a special dividend of about $3.35.  Unless your income is very low this year, it probably doesn't make sense to buy ECN now in a taxable account, because you will be converting some of your capital into taxable income, albeit offset somewhat by the DTC.  Of course, you would have a capital loss you could use if you sold the remainder after the dividend is paid out (assuming the stock trades down in line with the dividend payment).  I think it's a good buy in a registered account. 
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