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ECN Capital Announces Annual Meeting Voting Results

TORONTO, May 23, 2024 /CNW/ – ECN Capital Corp.ECN Capital“) today confirmed that the seven candidates listed in its management information circular (the “Circular“) date April 23, 2024 were elected directors at today’s annual meeting of holders of common shares (“Ordinary actions“) and the 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). holders of common shares and Series E shares voted as a single class on all matters put to vote at the Meeting The results of the vote for the Meeting held earlier today by virtual meeting are. presented below.

ECN Capital (CNW Group/ECN Capital Corp.)ECN Capital (CNW Group/ECN Capital Corp.)

ECN Capital (CNW Group/ECN Capital Corp.)

At the meeting, the following seven persons proposed to serve as directors of ECN Capital were elected by ballot. The proxies and votes received at the meeting were as follows:

For

Retained

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 described in the circular, were adopted by ballot as ordinary resolutions of the shareholders of ECN Capital. The proxies and votes received at the meeting were as follows:

Resolutions

For

Retained

Renewal of the mandate of auditors

99.88%

0.12%

For

Against

Advisory vote on compensation

99.43%

0.57%

The results of these matters considered at the Meeting are presented in the Voting Results Report filed on SEDAR+ (www.sedarplus.com) on May 23, 2024.

About ECN Capital Corp.

With managed assets of 5.2 billion US dollars, ECN Capital Corp. (TSX:ECN) is a leading provider of business services to banks, credit unions, life insurance companies, pension funds and institutional investors based in North America (collectively our “Partners”). ECN Capital originates, manages and advises on credit assets on behalf of its partners, particularly consumer loans (manufactured housing, recreational vehicles and marine) and commercial loans (inventory financing and leasing). Our partners seek high quality assets to match their deposits, term insurance or other liabilities. These services are offered through two operational sectors: (i) Financing of manufactured housing and (ii) Financing of recreational and maritime vehicles.

SOURCECN Capital Corp.

Cision

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