TORONTO, January 12, 2026 — Leads & Copy — ECN Capital Corp. (TSX: ECN) announced that Institutional Shareholder Services Inc. (ISS) recommends shareholders vote FOR the special resolutions to approve the plan of arrangement transaction (the “Arrangement”).
The board of directors of ECN Capital recommends that the holders of Common Shares (the “Common Shareholders”), the holders of Series C Preferred Shares (the “Series C Preferred Shareholders”) and the holders of Series E Preferred Shares (the “Series E Preferred Shareholders”) vote FOR the Arrangement ahead of the proxy voting deadline of Friday, January 16, 2026, at 8:30 a.m. (Toronto time).
Shareholders with questions may contact ECN Capital’s proxy solicitation agent, Carson Proxy Advisors, by North American toll-free phone at 1-800-530-5189, local phone and text at 416-751-2066 or by email at info@carsonproxy.com.
The special resolutions approving the Arrangement will be considered at a special meeting of Shareholders scheduled to be held at 8:30 a.m. (Toronto time) on Tuesday, January 20, 2026.
Under the Arrangement, a newly formed acquisition vehicle controlled by an investor group led by investment funds managed by Warburg Pincus LLC would acquire all of the issued and outstanding common shares of the Company (the “Common Shares”), cumulative 5-year minimum rate reset preferred shares, Series C of the Company (the “Series C Preferred Shares”) and mandatory convertible preferred shares, Series E of the Company (the “Series E Preferred Shares”).
ECN Capital’s notice of meeting, management information circular and other related Meeting materials have been mailed to Shareholders and can also be accessed online on ECN Capital’s website and under the Company’s issuer profile on SEDAR+.
Under the Arrangement, the Purchaser will acquire:
- All of the issued and outstanding Common Shares for a price of C$3.10 in cash per Common Share;
- All of the issued and outstanding Series C Preferred Shares for a price of C$26.00 in cash per Series C Preferred Share (plus all accrued but unpaid dividends thereon); and
- All of the issued and outstanding Series E Preferred Shares for a price of C$3.10 in cash per Series E Preferred Share (plus all accrued but unpaid dividends thereon).
At the Meeting, the Common Shareholders and the Series E Preferred Shareholders will be asked to consider and pass a special resolution approving the Arrangement and the Series C Preferred Shareholders will be asked to consider and pass a special resolution approving the Arrangement.
The board of directors of the Company recommends that the Common Shareholders and Series E Preferred Shareholders vote FOR the Arrangement Resolution and that the Series C Preferred Shareholders vote FOR the Series C Preferred Shareholder Resolution at the Meeting.
With managed assets of US$7.6 billion, ECN Capital Corp. (TSX: ECN) is a provider of business services to North American-based banks, institutional investors, insurance company, pension plan, bank and credit union 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 (floorplan and rental) loans. These services are offered through two operating segments: (i) Manufactured Housing Finance, and (ii) Recreational Vehicle and Marine Finance.
Shareholders may contact Carson Proxy Advisors by North American toll-free phone at 1-800-530-5189, local phone and text at 416-751-2066 or by email at info@carsonproxy.com.
Source: ECN Capital Corp.
