Articles from ECN Capital Corp.

TORONTO, Sept. 19, 2024 (GLOBE NEWSWIRE) -- ECN Capital Corp. (TSX: ECN, ECN.PR.C) (“ECN Capital” or the “Company”) today announced that the Toronto Stock Exchange (the “TSX”) has approved the Company’s notice of intention to commence a normal course issuer bid (the “Common Share Bid”) for common shares of the Company (the “Common Shares”) and a normal course issuer bid (the “Series C Preferred Share Bid” and, together with the Common Share Bid, the “Bids”) for the Company’s 6.25% Cumulative 5-year Minimum Rate Reset Preferred Shares, Series C (the “Series C Preferred Shares”).

Solid Q2 2024 Results

TORONTO, July 16, 2024 (GLOBE NEWSWIRE) -- ECN Capital Corp. (TSX: ECN) (“ECN Capital” or “the Company”) announced today that it intends to file its financial statements and management discussion and analysis for the three-month period ended June 30, 2024, after markets close on Wednesday, August 7, 2024.

TORONTO, May 09, 2024 (GLOBE NEWSWIRE) -- ECN Capital Corp. (TSX: ECN) (“ECN Capital” or the “Company”) today reported financial results for the three-month period ended March 31, 2024.

TORONTO, March 21, 2024 (GLOBE NEWSWIRE) -- ECN Capital Corp. (TSX: ECN) (“ECN Capital” or the “Company”) today announced the sale of Red Oak Inventory Finance (“Red Oak”) to BharCap Partners. The transaction closed on February 21, 2024.

TORONTO, March 15, 2024 (GLOBE NEWSWIRE) -- 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).

TORONTO, March 07, 2024 (GLOBE NEWSWIRE) -- ECN Capital Corp. (TSX: ECN) (“ECN Capital” or “the Company”) announced today that it intends to file its financial statements and management discussion and analysis for the three-month period and full year ended December 31, 2023, after markets close on Thursday, March 21, 2024.

TORONTO, Nov. 13, 2023 (GLOBE NEWSWIRE) -- ECN Capital Corp. (TSX: ECN) (“ECN Capital” or the “Company”) today reported financial results for the three-month period ended September 30, 2023.

TORONTO, Nov. 08, 2023 (GLOBE NEWSWIRE) -- ECN Capital Corp. (TSX: ECN) (“ECN Capital” or “the Company”) announced today that it intends to file its financial statements and management discussion and analysis for the three-month period ended September 30, 2023 after markets close on Monday, November 13, 2023.

TORONTO and TROY, Mich., Sept. 26, 2023 (GLOBE NEWSWIRE) -- ECN Capital Corp. (TSX: ECN) (“ECN Capital”) and Skyline Champion Corporation (NYSESKY) (“Skyline Champion”) are pleased to announce that they have closed the previously announced transaction pursuant to which Champion Canada Holdings Inc., a wholly-owned subsidiary of Skyline Champion, has made an approximately C$185 million (US$138 million) equity investment in ECN Capital on a private placement basis (the “Private Placement”) in exchange for 33,550,000 common shares of ECN Capital (the “Common Shares”) and 27,450,000 mandatory convertible preferred shares, Series E of ECN Capital (“Convertible Preferred Shares”), in each case at a price per share equal to C$3.04 (the “Share Issue Price”). Following closing of the Private Placement, Skyline Champion owns an approximately 19.9% indirect equity interest in ECN Capital (assuming the conversion of all Convertible Preferred Shares). The net proceeds from the Private Placement will be used to reduce indebtedness and for general corporate purposes.

TORONTO, Sept. 12, 2023 (GLOBE NEWSWIRE) -- ECN Capital Corp. (TSX: ECN, ECN.PR.C) (“ECN Capital” or the “Company”) today announced that it has filed notices of intention with the Toronto Stock Exchange (the “TSX”) to renew its normal course issuer bid (the “Common Share Bid”) for its common shares (“Common Shares”) and a normal course issuer bid (the “Series C Preferred Share Bid” and, together with the Common Share Bid, the “Bids”) for the Company’s Cumulative 5-year Minimum Rate Reset Preferred Shares, Series C (“Series C Preferred Shares”).

TORONTO, Aug. 14, 2023 (GLOBE NEWSWIRE) -- ECN Capital Corp. (TSX: ECN) (“ECN Capital” or the “Company”) today reported financial results for the three-month period ended June 30, 2023.

Skyline Champion to Make C$185 Million Strategic Investment in ECN Capital

TORONTO, Aug. 14, 2023 (GLOBE NEWSWIRE) -- Triad Financial Services, a subsidiary of ECN Capital Corp (TSX : ECN) (“ECN Capital” or the “Company”), a leader in financing solutions to manufactured housing dealers across the U.S., today announced that it has signed a letter of intent for $1.14 billion in financing from Blackstone’s Asset-Based Finance (“ABF”) Group. The capital will be used to originate high-grade consumer loans that will be serviced by Triad.

TORONTO, Aug. 08, 2023 (GLOBE NEWSWIRE) -- ECN Capital Corp. (TSX: ECN) (“ECN Capital” or “the Company”) announced today that it intends to file its financial statements and management discussion and analysis for the three-month period ended June 30, 2023 after markets close on Monday, August 14, 2023. ECN will also announce the results of its strategic review.

TORONTO, June 15, 2023 (GLOBE NEWSWIRE) -- ECN Capital Corp. (TSX: ECN) (“ECN Capital”) confirmed today that the six nominees listed in its management information circular (the “Circular”) dated May 16, 2023 were elected as directors at today’s annual meeting of shareholders of ECN Capital (the “Meeting”). There were 165,128,648 common shares represented in person or by proxy at the Meeting (representing 67.19% of the issued and outstanding common shares of ECN Capital). The voting results for the Meeting held earlier today by virtual meeting are set out below.

Review of Strategic Alternatives Ongoing

TORONTO, May 04, 2023 (GLOBE NEWSWIRE) -- ECN Capital Corp. (TSX: ECN) (“ECN Capital” or “the Company”) announced today that it intends to file its financial statements and management discussion and analysis for the three-month period ended March 31, 2023 after markets close on Monday, May 15, 2023.

Review of Strategic Alternatives Initiated to Maximize Long-Term Growth and Value

TORONTO, March 14, 2023 (GLOBE NEWSWIRE) -- 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 March 31, 2023 to shareholders of record as of close of business on March 21, 2023. This dividend is designated to be an eligible dividend for purposes of section 89(1) of the Income Tax Act (Canada).

TORONTO, March 07, 2023 (GLOBE NEWSWIRE) -- ECN Capital Corp. (TSX: ECN) announced today that it has initiated a review of strategic alternatives to maximize shareholder value.

TORONTO, Jan. 19, 2023 (GLOBE NEWSWIRE) -- ECN Capital Corp. (TSX: ECN) (“ECN Capital” or “the Company”) will hold its annual Investor Day on Wednesday, March 8, 2023. The format will be fully virtual with presentations given by management of ECN Capital as well as each of its operating subsidiaries beginning at approximately 12:30 p.m. EST and run consecutively. ECN will hold a virtual live Q&A following the day’s presentations at approximately 4:00 p.m. EST.

Consumer Demand Remains Resilient Results Across Businesses

TORONTO, Nov. 01, 2022 (GLOBE NEWSWIRE) -- ECN Capital Corp. (TSX: ECN) (“ECN Capital” or “the Company”) announced today that it intends to file its financial statements and management discussion and analysis for the three-month period ended September 30, 2022 after markets close on Wednesday, November 9, 2022.

TORONTO, Oct. 04, 2022 (GLOBE NEWSWIRE) -- ECN Capital Corp. (TSX: ECN) (“ECN Capital” or the “Company”) is pleased to announce that it has closed its previously announced sale to funds managed by Stone Point Capital LLC (“Stone Point”) of all of the issued and outstanding equity interests in ECN Kessler Holdco LLC (the “Kessler Group”), a wholly-owned, indirect subsidiary of the Company through which ECN Capital operated the Kessler Group business (the “Transaction”).