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ECN Capital Corp ECNNF


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

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.


TSX:ECN - Post by User

ECN Capital Corp > ECN.PR.C
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Comment by pierrelebelon Aug 11, 2024 4:45pm
177 Views
Post# 36173664

RE:RE:ECN.PR.C

RE:RE:ECN.PR.C
 
CanSiamCyp asked ",, Wonder what has kindled this sudden interest?..."

That upside move is long overdue. Yield of over 11% did not make sense. The quality of this issue is not that bad!
I suspect recent ECN Q2 positive results together with anticipation of lower interest rates in North America combined to generate more interest in ECN.PR.C.

When will it stop?  I do not know but it would be fair to expect a yield of about 9% or less by 2025, based on an annual dividend of $1.98 per share. This would represent a share price in excess of $22.

Not bad at all.

PS - Dividend is scheduled for reset in September 2027, indicating higher potential income.
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