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ECN Capital Corp T.ECN

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

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.


TSX:ECN - Post by User

Bullboard Posts
Comment by talladega10on May 19, 2018 8:49am
62 Views
Post# 28056125

RE:RE:CIBC Upgrade

RE:RE:CIBC Upgradebased on this dates outlined in this press release my guess is the NCIB is complete. TORONTO, Feb. 28, 2018 (GLOBE NEWSWIRE) -- ECN Capital Corp. (TSX:ECN) (ECN Capital or the Company), announced today its intention to make a substantial issuer bid pursuant to which the Company will offer to purchase for cancellation up to C$115 million of its outstanding common shares (Shares) from shareholders for cash (the Proposed Bid). The Proposed Bid will proceed by way of a modified-Dutch auction within a price range of not less than $3.49 per Share and not more than $3.90 per Share (in increments of $0.05 per share within that range). We intend to fund the Proposed Bid with a combination of cash drawn on the Companys existing credit facility and available cash on hand. The Company anticipates that the Proposed Bid will commence in early March 2018 and will be scheduled to complete mid-to-late April 2018.
Bullboard Posts