ECN Capital Corp T.ECN

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

Financial Services

ECN Capital Corp. is a Canada-based company. The Company is a provider of business services to North American banks, credit unions, life insurance companies, pension funds and institutional investors (collectively, its Partners). It 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 (RV) and Marine Finance. Its business segment includes Triad Financial Services, Source One Financial, and Intercoastal Finance Group. The Triad Financial Services is a portfolio solutions platform focused on originating and managing longer duration secured consumer loan portfolios for active partner. The Source One Financial originates prime and super-prime loans to consumers to facilitate the purchase of recreational and marine vehicles.

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ECN Capital Corp > ECN article Globe and Mail Feb 5 2024

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Comment by snootchybootchyon Feb 05, 2024 8:23am

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Post# 35862582

RE:ECN article Globe and Mail Feb 5 2024

Steven Hudson's contract ends at the end of this year. I believe the reason he extended his contract one more year in 2022 was to to make sure ECN is on the other side of the interest rate hikes when he preps it for sale. The $3.3M worth of open market purchases of ECN shares during Q4 of 2023 by Hudson also indicates to me he is setting himself up for a nice payday. I think Hudson will get all the deals in place before the end of Q3.

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