ECN Capital Announces that Leading Proxy Advisor ISS Recommends ECN Capital Shareholders Vote "FOR" the Arrangement

Executive Summary

• Institutional Shareholder Services (ISS) recommends EC Capital shareholders vote FOR the special resolutions approving the previously announced arrangement with Warburg Pincus‑led acquisition vehicle.
• The arrangement will acquire all outstanding common shares at C$3.10 per share and preferred securities at specified cash prices, subject to shareholder approval at a special meeting on Jan 20, 2026.
• EC Capital’s board and an independent directors’ special committee unanimously endorse the transaction as being in the best interests of shareholders.

Key Details

• ISS Recommendation: Vote “FOR” the Arrangement Resolution (common & Series E shareholders) and the Series C Preferred Shareholder Resolution.
• Proxy Deadline: Friday, Jan 16, 2026 at 8:30 a.m. Toronto time; special meeting scheduled for Tuesday, Jan 20, 2026 at 8:30 a.m. Toronto time.
• Arrangement Pricing:
• Common Shares – C$3.10 cash per share.
• Series C Preferred Shares – C$26.00 cash per share plus accrued dividends.
• Series E Preferred Shares – C$3.10 cash per share plus accrued dividends.
• Acquisition Vehicle: Sinatra CA Acquisition Corp., controlled by an investor group led by Warburg Pincus LLC.
• Board & Committee Stance: Unanimous recommendation (conflicted directors abstained) that the Arrangement is fair and in shareholders’ best interests.
• Shareholder Record Date: Close of business on Dec 16, 2025.
• Materials Access: Meeting notice, management information circular, and related documents available online at ECN Capital’s website and SEDAR+.
• Contact for Proxy Assistance: Carson Proxy Advisors – toll‑free 1‑800‑530‑5189; local/text 416‑751‑2066; email [email protected].

Notable Quotes

(No direct quotes provided in the release.)