RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:TDThey stated the dividend will be paid in December.
If you have a $3 cost base for ECN, this is what will happen if you hold ECN in a taxable account - estimated numbers. The dividend portion of the distribution, call it $3.35 a share, will be a taxable dividend. You will get the dividend tax credit, which will reduce your tax payable on the dividend somewhat, depending on how high your income is. The Return of Capital of $4.15 per share will reduce your cost base, in your case, to zero. The remaining $1.15 per share of the Return of Capital will be a capital GAIN for you in 2021, currently 50% of the gain is taxable. If you later sell the shares of ECN at say, $6.00, you will have a capital gain of $6.00 a share. The capital gain inclusion rate may increase from 50% at some point.