ECN Capital Announces Redemption of Cumulative 5-Year Minimum Rate Reset Preferred Shares, Series A

TORONTO, Nov. 23, 2021 (GLOBE NEWSWIRE) — ECN Capital Corp. (TSX: ECN, ECN.PR.A) (“ECN Capital” or the “Company”) announced today that it intends, in accordance with the terms of the Cumulative 5-Year Minimum Rate Reset Preferred Shares, Series A (the “Series A Shares”) as set out in the Company’s articles, to redeem all of the Company’s issued and outstanding Series A Shares. The 3,843,100 Series A Shares will be redeemed on December 31, 2021 (the “Redemption Date”) for a redemption price equal to $25.00 per Series A Share, together with all accrued and unpaid dividends up to but excluding the Redemption Date (the “Redemption Price”), less any tax required to be deducted and withheld by the Company. Read More