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ECN Capital Corp (ECN.TO)

ECN.TO on Toronto Stock Exchange

3.49CAD
16 Feb 2018
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Latest Key Developments (Source: Significant Developments)

ECN Capital reports $0.03 in after tax adjusted EPS in Q3-2017
Tuesday, 14 Nov 2017 04:23pm EST 

Nov 14 (Reuters) - ECN Capital Corp ::ECN Capital reports $0.03 in after tax adjusted EPS in Q3-2017.ECN Capital qtrly ‍net financial income, net of interest expense & provision for credit losses, was $31.6 million versus $38.7 million​.ECN Capital Corp - ‍total earning assets owned and under management as at September 30, 2017 were $3.8 billion, versus $4.2 billion as at June 30, 2017​.  Full Article

ECN Capital to sell Canadian Commercial And Vendor Finance assets
Monday, 30 Oct 2017 04:30pm EDT 

Oct 30 (Reuters) - Ecn Capital Corp :ECN Capital to sell Canadian Commercial and Vendor Finance assets.ECN Capital Corp says ‍finance assets for cash proceeds of approximately c$900 million​.ECN Capital-‍transaction will free up approximately c$180 million in equity capital for redeployment in furthering of ECN Capital's ongoing strategic plan​.ECN Capital - ‍ entered into a definitive agreement with Canadian Western Bank to sell all of company's Canadian Commercial and Vendor Finance assets.  Full Article

ECN Capital to sell canadian commercial and vendor finance assets
Monday, 30 Oct 2017 04:30pm EDT 

Oct 30 (Reuters) - ECN Capital Corp :ECN capital corp - to sell canadian commercial and vendor​ finance assets for cash proceeds of approximately c$900 million​ .ECN capital to sell canadian commercial and vendor finance assets.ECN capital-‍transaction will free up approximately c$180 million in equity capital for redeployment in furthering ongoing strategic plan​.ECN capital - ‍ entered into definitive agreement with canadian western bank to sell all of co's canadian commercial and vendor finance assets.  Full Article

ECN Capital enters agreement to buy Triad Financial Services
Wednesday, 25 Oct 2017 04:01pm EDT 

Oct 25 (Reuters) - ECN Capital Corp ::ECN Capital - entered agreement to buy Triad Financial Services; ECN Capital will pay $100 million in cash for Triad.ECN Capital - on a pro forma basis, acquisition will be immediately accretive to adjusted earnings per share and return on equity to ECN.  Full Article

TSX approves ECN Capital's normal course issuer bid
Friday, 30 Jun 2017 08:30am EDT 

June 30 (Reuters) - ECN Capital Corp ::TSX approves ECN Capital's normal course issuer bid.Ecn Capital Corp - company may repurchase on open market up to 37 million common shares of corporation.ECN Capital Corp - may purchase its common shares at its discretion during period commencing on July 5, 2017 and ending on earlier of July 4, 2018.ECN Capital - bid will be funded using existing cash resources, and any common shares repurchased by company under bid will be cancelled.  Full Article

Flexpoint Ford announces sale of service finance company to ECN Capital Corp
Thursday, 8 Jun 2017 08:25am EDT 

June 8 (Reuters) - Ecn Capital Corp :Press release - Flexpoint Ford, LLC announces the sale of service finance company to ECN Capital Corp..Flexpoint ford LLC - following transaction, service finance company will operate as a subsidiary of ecn capital.  Full Article

ECN Capital to acquire Service Finance Holdings
Thursday, 8 Jun 2017 07:00am EDT 

June 8 (Reuters) - ECN Capital Corp :ECN Capital signs definitive agreement to acquire Service Finance Holdings.ECN Capital Corp says under terms of agreement, ECN Capital will pay C$410 million (US$304 million) in cash for service finance.ECN Capital -on pro forma basis, acquisition will be immediately accretive to adjusted earnings per share and return on equity in 2017 and beyond.ECN Capital Corp -in addition, ECN Capital has agreed to a deferred purchase price earn-out plan with founders.ECN Capital Corp says transaction is expected to close in Q3 of 2017.  Full Article

ECN Capital to raise $100 mln through preferred share offering
Monday, 15 May 2017 08:58am EDT 

May 15 (Reuters) - ECN Capital Corp ::ECN Capital to raise $100,000,000 through preferred share offering.ECN -net proceeds are expected to be used to originate and finance, directly and indirectly, finance assets, to fund future acquisitions.ECN - underwriters agreed to buy 4 million cumulative 5-year minimum rate reset preferred shares, series c at a price of $25.00 per share.  Full Article

ECN Capital $0.05 in after tax adjusted EPS in Q1-2017
Thursday, 11 May 2017 04:00pm EDT 

May 11 (Reuters) - ECN Capital Corp ::ECN Capital reports $0.05 in after tax adjusted eps in q1-2017.ECN Capital Corp says book value per common share as at march 31, 2017 was $4.75 versus $4.47 as at end of previous three-month period.ECN Capital -originations for three-month period ending march 31, 2017 were $398.2 million versus $533.8 million for previous three-month period ending December 31, 2016.ECN Capital Corp says total earning assets under management on a continuing basis as at march 31, 2017 were $5.7 billion, versus $6.2 billion as at December 31, 2016.ECN Capital Corp says s board of directors has authorized and declared a quarterly dividend of $0.01 per outstanding common share.  Full Article

ECN Capital reports $0.07 in after tax adjusted EPS in Q4-2016
Tuesday, 7 Mar 2017 04:49pm EST 

ECN Capital Corp : Qtrly reported after-tax adjusted operating income of $0.07 per share . ECN Capital reports $0.07 in after tax adjusted EPS in Q4-2016 . Total earning assets under management as at December 31, 2016 were $7.9 billion versus $7.5 billion as at September 30, 2016 . Book value per common share as at December 31, 2016 was $4.47 versus $4.42 as at end of previous three-month period . In quarter, company recorded a one-time charge of $13.2 million relating to separation and restructuring of ECN Further company coverage: [ECN.TO] ((Bangalore.newsroom@thomsonreuters.com;)).  Full Article

BRIEF-ECN Capital Enters Into Automatic Share Purchase Plan

* ECN CAPITAL - UNDER BID, WHICH COMMENCED ON JULY 5, CO IS AUTHORIZED TO REPURCHASE FOR CANCELLATION UP TO ABOUT 37 MILLION COMMON SHARES Source text for Eikon: Further company coverage: (Bangalore.newsroom@thomsonreuters.com)