ECN Capital Reports US $0.00 in Adjusted Net Income per Common Share in Q1-2024 Triad results significantly improved and ECN ahead of quarterly guidance - Seite 2

The Company’s Board of Directors has authorized and declared a quarterly dividend of C$0.4960625 per outstanding Cumulative 5-Year Rate Reset Preferred Share, Series C (TSX: ECN.PR.C) to be paid on July 2, 2024 to shareholders of record on the close of business on June 14, 2024. These dividends are designated to be eligible dividends for purposes of section 89(1) of the Income Tax Act (Canada).

The Company’s Board of Directors has authorized and declared a semi-annual dividend of C$0.0605 per outstanding Mandatory Convertible Preferred Share, Series E to be paid on July 2, 2024 to shareholders of record on the close of business on June 14, 2024. These dividends are designated to be eligible dividends for purposes of section 89(1) of the Income Tax Act (Canada).

Webcast

The Company will host an analyst briefing to discuss these results commencing at 5:30 PM (ET) on Thursday, May 9, 2024. The call can be accessed as follows:

Webcast	https://services.choruscall.ca/links/ecncapitalcorp2024q1.html
Toll-free dial in	North America 1-844-763-8274 International 1-647-484-8814
Presentation slides	http://ecncapitalcorp.com/investors/presentations

A telephone replay of the conference call may also be accessed until June 9, 2024 by dialing 1-855-669-9658 and entering the passcode 0879.

Non-IFRS Measures

The Company’s interim unaudited consolidated financial statements have been prepared in accordance with International Financial Reporting Standards (“IFRS”) as issued by the International Accounting Standards Board (“IASB”) and the accounting policies we adopted in accordance with IFRS.

The Company believes that certain Non-IFRS Measures can be useful to investors because they provide a means by which investors can evaluate the Company’s underlying key drivers and operating performance of the business, exclusive of certain adjustments and activities that investors may consider to be unrelated to the underlying economic performance of the business of a given period. Throughout this Press Release, management used a number of terms and ratios which do not have a standardized meaning under IFRS and are unlikely to be comparable to similar measures presented by other organizations. A full description of these measures can be found in the Management Discussion & Analysis that accompanies the financial statements for the three-month period ended March 31, 2024.