TORONTO, April 7,
2022 /CNW/ - ECN Capital Corp. (TSX: ECN)
("ECN Capital") confirmed today that the seven nominees
listed in its management information circular (the
"Circular") dated March 1,
2022 were elected as directors at today's Annual Meeting of
Shareholders of ECN Capital (the "Meeting"). There were
183,844,725 common shares represented in person or by proxy at the
Meeting (representing 74.47% of the issued and outstanding common
shares of ECN Capital). 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
|
95.66%
|
4.34%
|
Steven
Hudson
|
99.33%
|
0.67%
|
Paul Stoyan
|
90.95%
|
9.05%
|
Pierre
Lortie
|
99.94%
|
0.06%
|
David Morris
|
99.79%
|
0.21%
|
Carol
Goldman
|
97.92%
|
2.08%
|
Karen Martin
|
99.86%
|
0.14%
|
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
|
99.81%
|
0.19%
|
|
For
|
Against
|
Say-on-Pay Advisory
Vote
|
90.30%
|
9.70%
|
Option Plan Resolution
(as defined in the Circular)
|
92.69%
|
7.31%
|
DSU Plan Resolution (as
defined in the Circular)
|
96.47%
|
3.53%
|
Unit Plan Resolution
(as defined in the Circular)
|
91.58%
|
8.42%
|
The results of these
matters considered at the Meeting
are reported in the Report of Voting Results as
filed on SEDAR (www.sedar.com) on April 7,
2022.
About ECN Capital Corp.
With managed and advised assets of US$31
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 investment funds
(collectively our "Partners"). ECN Capital originates, manages and
advises on credit assets on behalf of its Partners, specifically
secured loan portfolios and credit card portfolios. Our Partners
are seeking high quality assets to match with their deposits or
other liabilities. These services are offered through three
operating businesses: Triad Financial Services, Source One
Financial Services and The Kessler Group.
SOURCE ECN Capital Corp.