May 15, 2017 / 1:20 PM / 3 months ago

BRIEF-ECN Capital to raise $100 mln through preferred share offering

May 15 (Reuters) - ECN Capital Corp:

* ECN Capital to raise $100,000,000 through preferred share offering

* ECN -net proceeds are expected to be used to originate and finance, directly and indirectly, finance assets, to fund future acquisitions

* ECN - underwriters agreed to buy 4 million cumulative 5-year minimum rate reset preferred shares, series c at a price of $25.00 per share Source text for Eikon: Further company coverage:

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