RE:RE:RE:RE:Good Show of ConfidenceIt'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 of record as of the close of business on Dec. 15, 2021. Subject to confirmation from the Toronto Stock Exchange, ECN Capital expects the common shares to commence trading on a due bill basis at the opening of trading on Dec. 14, 2021, and to commence trading ex distribution on Dec. 23, 2021. The due bill redemption date will be Dec. 24, 2021.
About due bill trading
Due bills represent entitlements to cash and will attach to the common shares between the first trading day prior to the record date and the payment date, allowing common shares to carry the value of the entitlement to the distribution until it is paid. When due bills are used, the ex distribution date is deferred to the first trading day after the payment date."