ECN Capital Declares First Quarter 2024 Preferred Share Dividend
15 Marzo 2024 - 9:28AM
ECN Capital Corp. (TSX: ECN) (“
ECN Capital” or the
“
Company”) announced today that the Company’s
Board of Directors has authorized and declared a quarterly dividend
of C$0.4960625 per outstanding Cumulative 5-Year Rate Reset
Preferred Share, Series C (TSX: ECN.PR.C) to be paid on April 1,
2024 to shareholders of record as of close of business on March 22,
2024. This dividend is designated to be an eligible dividend for
purposes of section 89(1) of the Income Tax Act (Canada).
About ECN Capital Corp.
With managed assets of US$4.8 billion, ECN
Capital Corp. (TSX: ECN) is a leading provider of business services
to North American based banks, credit unions, life insurance
companies, pension funds and institutional investors (collectively
our “Partners”). ECN Capital 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. Our Partners
are seeking high quality assets to match with their deposits, term
insurance or other liabilities. These services are offered through
two operating segments: (i) Manufactured Housing Finance, and (ii)
Recreational Vehicles and Marine Finance.
ContactJohn Wimsatt
561-389-2334jwimsatt@ecncapitalcorp.com
Forward-Looking Statements
This press release contains forward-looking
statements regarding ECN Capital and its business. Such statements
are based on the current expectations and views of future events of
ECN Capital’s management. In some cases, the forward-looking
statements can be identified by words or phrases such as “may”,
“will”, “expect”, “plan”, “anticipate”, “intend”, “potential”,
“estimate”, “believe” or the negative of these terms, or other
similar expressions intended to identify forward-looking
statements. Forward-looking statements in this press release
include those related to the preferred share dividend. The
forward-looking events and circumstances discussed in this press
release may not occur and could differ materially as a result of
known and unknown risk factors and uncertainties affecting ECN
Capital, including risks regarding the consumer finance industry,
economic factors, and many other factors beyond the control of ECN
Capital. No forward-looking statement can be guaranteed.
Forward-looking statements and information by their nature are
based on assumptions and involve known and unknown risks,
uncertainties and other factors which may cause our actual results,
performance or achievements, or industry results, to be materially
different from any future results, performance or achievements
expressed or implied by such forward-looking statement or
information. Accordingly, readers should not place undue reliance
on any forward-looking statements or information. A discussion of
some of the applicable material risks and assumptions associated
with such forward-looking statements or information can be found in
ECN Capital’s Management Discussion and Analysis for the three and
nine month periods ended September 30, 2023 and the 2022 Annual
Information Form dated March 30, 2023 which have been filed on
SEDAR+ and can be accessed at www.sedarplus.com. Accordingly,
readers should not place undue reliance on any forward-looking
statements or information. Except as required by applicable
securities laws, forward-looking statements speak only as of the
date on which they are made and ECN Capital does not undertake any
obligation to publicly update or revise any forward-looking
statement, whether as a result of new information, future events,
or otherwise.
Ecn Capital (TSX:ECN)
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