TSX approves ECN Capital's bid to repurchase common shares and Series C Preferred Shares

From GlobeNewswire: 2024-09-19 08:00:00

ECN Capital Corp. has received approval from the Toronto Stock Exchange to begin a normal course issuer bid for common shares and Series C Preferred Shares. The bids allow for the repurchase of up to 15,472,849 Common Shares and 371,240 Series C Preferred Shares over the next year. The company plans to make purchases through the TSX at prevailing market prices, using existing cash resources. The Company believes these bids are a beneficial use of funds. Previous bids to purchase shares saw no repurchases made. New automatic share purchase plans have also been put in place to facilitate repurchases when the company is in a blackout period.



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