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

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TORONTO, Jan. 15, 2026 /CNW/ - ECN Capital Corp. (TSX: ECN) ("ECN Capital" or the "Company") announced today that leading independent proxy advisory firm Glass, Lewis & Co. LLC ("Glass Lewis") has recommended that shareholders vote FOR the special resolutions to approve the Company's previously announced plan of arrangement transaction (the "Arrangement") whereby a newly formed acquisition vehicle controlled by an investor group led by investment funds managed by Warburg Pincus LLC would acquire all of the issued and outstanding common shares of the Company (the "Common Shares"), cumulative 5-year minimum rate reset preferred shares, Series C of the Company (the "Series C Preferred Shares") and mandatory convertible preferred shares, Series E of the Company (the "Series E Preferred Shares"). Institutional Shareholder Services Inc. previously recommended that shareholders vote FOR the special resolution to approve the Arrangement. As previously announced, the special resolutions approving the Arrangement will be considered at a special meeting (the "Meeting") of Shareholders scheduled to be held at 8:30 a.m. (Toronto time) on Tuesday, January 20, 2026.