TORONTO, May 23, 2024
/CNW/ - ECN Capital Corp. (TSX: ECN) ("ECN Capital")
confirmed today that the seven nominees listed in its management
information circular (the "Circular") dated April 23, 2024 were elected as directors at
today's annual meeting of the holders of common shares ("Common
Shares") and mandatory convertible preferred shares, Series E
("Series E Shares") of ECN Capital (the "Meeting").
There were 218,895,177 Common Shares and 27,450,000 Series E Shares
represented in person or by proxy at the Meeting (representing
approximately 79.83% of the votes attached to the outstanding
shares of ECN Capital). The holders of Common Shares and Series E
Shares voted together as a single class on all matters submitted to
a vote at the Meeting. The voting results for the Meeting held
earlier today by virtual meeting are set out below.
At the Meeting,
the following seven individuals nominated to serve as directors of ECN Capital
were elected by ballot. Proxies and votes received at the
Meeting were as follows:
|
For
|
Withheld
|
|
William
Lovatt
|
98.35 %
|
1.65 %
|
|
Steven
Hudson
|
98.52 %
|
1.48 %
|
|
Paul Stoyan
|
98.43 %
|
1.57 %
|
|
David Morris
|
98.49 %
|
1.51 %
|
|
Carol E.
Goldman
|
98.50 %
|
1.50 %
|
|
Karen Martin
|
98.52 %
|
1.48 %
|
|
Tawn Kelley
|
97.99 %
|
2.01 %
|
At the Meeting, the following resolutions as set out
in the Circular were passed as ordinary resolutions of ECN
Capital's shareholders by ballot. Proxies and votes received at the
Meeting were as follows:
|
Resolutions
|
For
|
Withheld
|
|
Re-appointment of
Auditors
|
99.88 %
|
0.12 %
|
|
For
|
Against
|
|
Say-on-Pay Advisory
Vote
|
99.43 %
|
0.57 %
|
The results of these
matters considered at the Meeting
are reported in the Report of Voting Results as
filed on SEDAR+ (www.sedarplus.com) on May
23, 2024.
About ECN Capital Corp.
With managed assets of US$5.2
billion, ECN Capital Corp. (TSX: ECN) is a leading provider
of business services to North American based banks, credit unions,
life insurance companies, pension funds and institutional investors
(collectively our "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 (inventory finance and rental) loans. Our
Partners are seeking high quality assets to match with their
deposits, term insurance or other liabilities. These services are
offered through two operating segments: (i) Manufactured Housing
Finance, and (ii) Recreational Vehicles and Marine Finance.
SOURCE ECN Capital Corp.