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ECN Capital Corp (ECN.TO)

ECN.TO on Toronto Stock Exchange

4.35CAD
25 Mar 2019
Change (% chg)

$-0.03 (-0.68%)
Prev Close
$4.38
Open
$4.36
Day's High
$4.36
Day's Low
$4.34
Volume
993,698
Avg. Vol
985,977
52-wk High
$4.38
52-wk Low
$3.13

Latest Key Developments (Source: Significant Developments)

ECN Capital Announces Sale Of 55 Pct Of Its Rail Portfolio
Monday, 24 Sep 2018 

Sept 24 (Reuters) - ECN Capital Corp ::ECN CAPITAL ANNOUNCES SALE OF 55% OF EXISTING RAIL PORTFOLIO AND INVENTORY REDUCTION.ECN CAPITAL CORP - DEAL FOR PROCEEDS OF $360 MILLION.ECN CAPITAL CORP - ENTERED INTO AN AGREEMENT TO SELL RAILCAR ASSETS TO AFFILIATES OF TRINITY INDUSTRIES LEASING COMPANY.ECN CAPITAL CORP - ECN REMAINS COMMITTED TO ORDERLY WINDDOWN OF ITS REMAINING LEGACY ASSETS.ECN CAPITAL - LEASED APPROXIMATELY $38 MILLION OF RAILCARS PREVIOUSLY IN IDLE INVENTORY DURING Q3 THAT ARE NOT PART OF ERL I SALE.ECN CAPITAL CORP - ECN LEASED ABOUT $38 MILLION OF RAILCARS PREVIOUSLY IN IDLE INVENTORY DURING Q3 THAT ARE NOT PART OF ERL I SALE.ECN CAPITAL - REDUCED RAIL INVENTORY BALANCE TO ABOUT $3 MILLION FROM $40.9 MILLION AS OF JUNE 30, 2018.  Full Article

ECN Capital reports $0.03 in after tax adjusted EPS in Q3-2017
Tuesday, 14 Nov 2017 

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 

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 to sell Canadian Commercial And Vendor Finance assets
Monday, 30 Oct 2017 

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 enters agreement to buy Triad Financial Services
Wednesday, 25 Oct 2017 

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

CANADA STOCKS-TSX edges higher on gains in financial shares

Feb 4 Canada's main stock index edged higher on Monday as gains in financial shares helped more than offset losses in the materials and energy sectors.