![]() Subject to confirmation from the Toronto Stock Exchange, ECN Capital expects the Common Shares to commence trading on a “due bill” basis at the opening of trading on Decemand to commence trading “ex-distribution” on December 23, 2021. The Distribution is scheduled to be paid on Decem(the “ Payment Date”) to holders of Common Shares of record as of the close of business on Decem(the “ Record Date”). In connection with the Return of Capital, the Board confirmed a reduction in the stated capital of the Common Shares by an aggregate amount equal to C$1,010,500,000 (the “ Stated Capital Reduction”), which Stated Capital Reduction was previously approved by holders of Common Shares at a special meeting held on December 2, 2021. 1 The Special Dividend is designated to be an eligible dividend for purposes of section 89(1) of the Income Tax Act (Canada). The Distribution will be comprised of a return of capital in the aggregate amount of C$1,010,500,000, which represents C$4.14 per Common Share (the “ Return of Capital”), with the remainder in the form of a special dividend in the amount of C$3.36 per Common Share (the “ Special Dividend”). In connection with the closing of the Service Finance Sale, the board of directors of the Company (the “ Board”) today declared a distribution to the holders of common shares of the Company (the “ Common Shares”) of the net proceeds received from the Service Finance Sale, amounting to a distribution of C$7.50 per Common Share (the “ Distribution”). ![]() We are thrilled to have sold the business to a great partner – Truist is the best possible buyer to take Service Finance to the next level and continue the phenomenal momentum for years to come.” “I want to thank all of the team members at Service Finance for their remarkable accomplishments. “The closing of the Service Finance transaction marks a key milestone for ECN,” said Steven Hudson, CEO of ECN Capital Corp. (TSX: ECN) (“ ECN Capital” or the “ Company”) is pleased to announce that it has closed its previously announced sale to Truist Bank of all of the issued and outstanding equity interests in each of Service Finance Company, LLC and Service Finance Holdings, LLC, each a wholly-owned, indirect subsidiary of the Company, for cash proceeds of US$2 billion (the “ Service Finance Sale”). ![]() 06, 2021 (GLOBE NEWSWIRE) - ECN Capital Corp. SERVICE FINANCE COMPANY LLC UPDATE$99 Per Month* for a Panel Replacement or Whole Home Electrical Update up to $7500.Īfter meeting with our All Comfort Service Comfort Consultants to identify the best offer, go to our Financing page to Apply for Financing with our finance partner, Service Finance Company LLC, or ask the Comfort Consultant to do this on their phone on an App.TORONTO, Dec.Need a new electrical panel, remodeling, or need a whole home electrical update? All Comfort Services offers these affordable financing options: $99 Per Month* for a Tankless Water Heater or Traditional Water Heater and Water Softener, or Plumbing Update up to $7500. ![]() Looking for a way to make your new water heater and a water softener or tankless system more affordable? All Comfort Services offers these affordable financing options: We should be able to provide a quality Lennox single-stage option for single-family homes under 1900 square feet assuming the home has an existing high-efficiency gas furnace, air conditioner, and ductwork.
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