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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

Comment by thebear91on Dec 15, 2021 4:59pm
280 Views
Post# 34234567

RE:RE:RE:RE:RE:RE:Good Show of Confidence

RE:RE:RE:RE:RE:RE:Good Show of Confidence

This special dividend follows a different set of rules : Special Dividends: "Due Bill" Process | IB Knowledge Base (ibkr.info)

The ex-div date is December 23rd, as per BMO.

Due Bill Period effective Dec 14th, until the ex-div date dec 23.  As per the TSX :"During the due bill trading period, the seller of the listed securities (who is the prospective recipient of the entitlement) also sells and assigns the right to the entitlement to the purchaser of the listed


When an event carries a due bill, the ex-dividend date is after the record date, and any buys or sells placed after the record date are automatically tracked. The ex-dividend date becomes the day your total position is eligible for the event. 

You will no longer be entitled to a distribution if you sell the stock after the record date, but before the ex-dividend date. In this case, the seller would be obligated to pay any received cash or shares to the buyer. This payout occurs automatically

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