ECA Marcellus Trust I（ECTM）株式概要ECAマーセラス・トラストIは、エナジー・コーポレーション・オブ・アメリカ（ECA）の生産井と水平天然ガス開発井のロイヤリティ権益を所有している。 詳細ECTM ファンダメンタル分析スノーフレーク・スコア評価4/6将来の成長0/6過去の実績5/6財務の健全性6/6配当金2/6報酬当社が推定した公正価値より84.1%で取引されている 過去1年間で収益は117%増加しました リスク分析過去5年間で収益は年間20.5%減少しました。 US市場と比較した過去 3 か月間の株価の変動不安定な配当実績 意味のある時価総額がありません ( $11M )+1 さらなるリスクすべてのリスクチェックを見るECTM Community Fair Values Create NarrativeSee what others think this stock is worth. Follow their fair value or set your own to get alerts.Your Fair ValueUS$Current PriceUS$0.61221.1% 割高 内在価値ディスカウントGrowth estimate overAnnual revenue growth rate5 Yearstime period%/yrDecreaseIncreasePastFuture011m2016201920222025202620282031Revenue US$1.9mEarnings US$1.3mAdvancedSet Fair ValueView all narrativesECA Marcellus Trust I 競合他社Marine Petroleum TrustSymbol: NasdaqCM:MARP.SMarket cap: US$9.7mMV Oil TrustSymbol: NYSE:MVOMarket cap: US$21.6mPermRock Royalty TrustSymbol: NYSE:PRTMarket cap: US$24.5mMexco EnergySymbol: NYSEAM:MXCMarket cap: US$17.9m価格と性能株価の高値、安値、推移の概要ECA Marcellus Trust I過去の株価現在の株価US$0.5752週高値US$0.7652週安値US$0.45ベータ0.241ヶ月の変化7.07%3ヶ月変化5.56%1年変化1.79%3年間の変化-54.03%5年間の変化23.38%IPOからの変化-97.15%最新ニュースお知らせ • May 20Eca Marcellus Trust I Announces Quarterly Distribution for the Quarter Ended March 31, 2026, Expected to Be Payable on or Before June 2, 2026ECA MARCELLUS TRUST I announced that the Trust’s distribution for the quarter ended March 31, 2026, will be $0.090 per unit, which is expected to be distributed on or before June 2, 2026, to holders of record as of the close of business on May 28, 2026.お知らせ • Feb 12ECA Marcellus Trust I Announces Quarterly Distribution for the Quarter Ended December 31, 2025, Payable on or Before March 2, 2026ECA MARCELLUS TRUST I announced that the Trust’s distribution for the quarter ended December 31, 2025, will be $0.036 per unit, which is expected to be distributed on or before March 2, 2026, to holders of record as of the close of business on February 23, 2026.お知らせ • Nov 13ECA Marcellus Trust I Announces Quarterly Distribution, Payable on or before December 1, 2025ECA MARCELLUS TRUST I announced that the Trust’s distribution for the quarter ended September 30, 2025, will be $0.020 per unit, which is expected to be distributed on or before December 1, 2025, to holders of record as of the close of business on November 24, 2025.お知らせ • Aug 16ECA Marcellus Trust I Announces Distribution for the Quarter Ended June 30, 2025, Payable on or Before August 29, 2025ECA MARCELLUS TRUST I announced that the Trust’s distribution for the quarter ended June 30, 2025, will be $0.020 per unit, which is expected to be distributed on or before August 29, 2025, to holders of record as of the close of business on August 25, 2025.お知らせ • Feb 14ECA Marcellus Trust I Announces Quarterly Distribution for the Quarter Ended December 31, 2024, Payable on or Before March 3, 2025ECA Marcellus Trust I announced that the Trust’s distribution for the quarter ended December 31, 2024, will be $0.020 per unit, which is expected to be distributed on or before March 3, 2025, to holders of record as of the close of business on February 24, 2025.お知らせ • Nov 13ECA Marcellus Trust I Announces Distribution for the Quarter Ended September 30, 2024, Payable on or before November 29, 2024ECA Marcellus Trust I announced that the Trust’s distribution for the quarter ended September 30, 2024, will be $0.005 per unit, which is expected to be distributed on or before November 29, 2024, to holders of record as of the close of business on November 22, 2024.最新情報をもっと見るRecent updatesお知らせ • May 20Eca Marcellus Trust I Announces Quarterly Distribution for the Quarter Ended March 31, 2026, Expected to Be Payable on or Before June 2, 2026ECA MARCELLUS TRUST I announced that the Trust’s distribution for the quarter ended March 31, 2026, will be $0.090 per unit, which is expected to be distributed on or before June 2, 2026, to holders of record as of the close of business on May 28, 2026.お知らせ • Feb 12ECA Marcellus Trust I Announces Quarterly Distribution for the Quarter Ended December 31, 2025, Payable on or Before March 2, 2026ECA MARCELLUS TRUST I announced that the Trust’s distribution for the quarter ended December 31, 2025, will be $0.036 per unit, which is expected to be distributed on or before March 2, 2026, to holders of record as of the close of business on February 23, 2026.お知らせ • Nov 13ECA Marcellus Trust I Announces Quarterly Distribution, Payable on or before December 1, 2025ECA MARCELLUS TRUST I announced that the Trust’s distribution for the quarter ended September 30, 2025, will be $0.020 per unit, which is expected to be distributed on or before December 1, 2025, to holders of record as of the close of business on November 24, 2025.お知らせ • Aug 16ECA Marcellus Trust I Announces Distribution for the Quarter Ended June 30, 2025, Payable on or Before August 29, 2025ECA MARCELLUS TRUST I announced that the Trust’s distribution for the quarter ended June 30, 2025, will be $0.020 per unit, which is expected to be distributed on or before August 29, 2025, to holders of record as of the close of business on August 25, 2025.お知らせ • Feb 14ECA Marcellus Trust I Announces Quarterly Distribution for the Quarter Ended December 31, 2024, Payable on or Before March 3, 2025ECA Marcellus Trust I announced that the Trust’s distribution for the quarter ended December 31, 2024, will be $0.020 per unit, which is expected to be distributed on or before March 3, 2025, to holders of record as of the close of business on February 24, 2025.お知らせ • Nov 13ECA Marcellus Trust I Announces Distribution for the Quarter Ended September 30, 2024, Payable on or before November 29, 2024ECA Marcellus Trust I announced that the Trust’s distribution for the quarter ended September 30, 2024, will be $0.005 per unit, which is expected to be distributed on or before November 29, 2024, to holders of record as of the close of business on November 22, 2024.お知らせ • Aug 16ECA Marcellus Trust I Announces No Quarterly Distribution for the Quarterly Ended June 30, 2024ECA Marcellus Trust I announced that there will be no distribution paid for the quarter ended June 30, 2024, for holders of record as of the close of business on August 23, 2024, as Trust expenses offset net revenues to the Trust for the quarter.お知らせ • May 16ECA Marcellus Trust I Announces Distribution for the Quarter Ended March 31, 2024, Payable on or Before May 31, 2024ECA Marcellus Trust I announced that the Trust’s distribution for the quarter ended March 31, 2024, will be $0.021 per unit, which is expected to be distributed on or before May 31, 2024, to holders of record as of the close of business on May 21, 2024.お知らせ • Feb 13ECA Marcellus Trust I Announces Quarterly Distribution, Payable on or Before February 29, 2024ECA Marcellus Trust I announced that the Trust’s distribution for the quarter ended December 31, 2023, will be $0.030 per unit, which is expected to be distributed on or before February 29, 2024, to holders of record as of the close of business on February 22, 2024.お知らせ • Nov 11ECA Marcellus Trust I Announces Distribution for the Quarter Ended September 30, 2023, Payable on or Before November 30, 2023ECA Marcellus Trust I announced that the Trust’s distribution for the quarter ended September 30, 2023, will be $0.006 per unit, which is expected to be distributed on or before November 30, 2023, to holders of record as of the close of business on November 20, 2023.お知らせ • Aug 17ECA Marcellus Trust I Announces There Will Be No Distribution for the Quarter Ended June 30, 2023ECA Marcellus Trust I announced that there will be no distribution paid for the quarter ended June 30, 2023, for holders of record as of the close of business on August 24, 2023, as Trust expenses offset net revenues to the Trust for the quarter.お知らせ • Feb 11ECA Marcellus Trust I Announces Distribution for the Quarter Ended December 31, 2022, Payable on or Before February 28, 2023ECA MARCELLUS TRUST I announced that the Trust’s distribution for the quarter ended December 31, 2022, will be $0.124 per unit, which is expected to be distributed on or before February 28, 2023, to holders of record as of the close of business on February 21, 2023.お知らせ • Nov 10ECA Marcellus Trust I Announces Quarterly Distribution, Payable on or before November 29, 2022ECA MARCELLUS TRUST I announced that the Trust’s distribution for the quarter ended September 30, 2022, will be $0.180 per unit, which is expected to be distributed on or before November 29, 2022 to holders of record as of the close of business on November 21, 2022.お知らせ • Aug 10ECA Marcellus Trust I Announces Distribution for the Quarter Ended June 30, 2022, Payable on or Before August 31, 2022ECA MARCELLUS TRUST I announced that the Trust’s distribution for the quarter ended June 30, 2022, will be $0.176 per unit, which is expected to be distributed on or before August 31, 2022 to holders of record as of the close of business on August 19, 2022.お知らせ • May 12ECA Marcellus Trust I Announces Distribution for the Quarter Ended March 31, 2022, Payable on or before May 31, 2022ECA MARCELLUS TRUST I announced that the Trust’s distribution for the quarter ended March 31, 2022, will be $0.094 per unit, which is expected to be distributed on or before May 31, 2022 to holders of record as of the close of business on May 20, 2022.お知らせ • May 12ECA Marcellus Trust I Announces Distribution for the Quarter Ended March 31, 2021, Payable on or Before May 26, 2021ECA Marcellus Trust I announced that the Trust’s distribution for the quarter ended March 31, 2021 will be $0.031 per unit, which is expected to be distributed on or before May 26, 2021 to holders of record as of the close of business on May 21, 2021.お知らせ • Aug 01ECA Marcellus Trust I Receives Notice from NYSEECA Marcellus Trust I (OTCPK:ECTM), on July 31, 2020 announced that it has received notification from the New York Stock Exchange (“NYSE”) of its determination to suspend trading of the Trust’s units of beneficial interest (the “Trust units”), effective as of the close of trading on July 30, 2020, and to initiate proceedings to delist the Trust units. The determination to commence the delisting proceeding results from the Trust’s inability to satisfy the continued listing compliance standards set forth under Rule 802.01C of the NYSE Listed Company Manual because the average closing price of the Trust units fell below $1.00 over a 30 consecutive trading-day period that ended November 21, 2019, and the Trust was unable to regain compliance with the applicable standards within a cure period that concluded on July 30, 2020. As a result of the suspension, the Trust expects that the Trust units will begin trading on July 31, 2020 under the symbol “ECTM” on the OTC Pink Market, which is operated by OTC Markets Group Inc. (“OTC Pink”). To be quoted on OTC Pink, a market maker must sponsor the security and comply with SEC Rule 15c2-11 before it can initiate a quote in a specific security. OTC Pink is a significantly more limited market than the NYSE, and the quotation of the Trust units on OTC Pink may result in a less liquid market available for existing and potential unit-holders and could further depress the trading price of the Trust units. There is no assurance that an active market in the Trust units will develop on OTC Pink.株主還元ECTMUS Oil and GasUS 市場7D-23.4%-5.5%1.6%1Y1.8%29.5%28.2%株主還元を見る業界別リターン: ECTM過去 1 年間で29.5 % の収益を上げたUS Oil and Gas業界を下回りました。リターン対市場: ECTMは、過去 1 年間で28.2 % のリターンを上げたUS市場を下回りました。価格変動Is ECTM's price volatile compared to industry and market?ECTM volatilityECTM Average Weekly Movement11.2%Oil and Gas Industry Average Movement6.4%Market Average Movement7.2%10% most volatile stocks in US Market16.8%10% least volatile stocks in US Market3.0%安定した株価: ECTMの株価は、 US市場と比較して過去 3 か月間で変動しています。時間の経過による変動: ECTMの weekly volatility ( 11% ) は過去 1 年間安定していますが、依然としてUSの株式の 75% よりも高くなっています。会社概要設立従業員CEO（最高経営責任者ウェブサイト2010n/an/aect.q4web.comECAマーセラス・トラストIは、エナジー・コーポレーション・オブ・アメリカ（ECA）の生産井と水平天然ガス開発井のロイヤリティ権益を所有している。ペンシルバニア州グリーン郡に位置する14の生産井と40の開発井のロイヤリティ権益を所有している。生産井のロイヤリティ権益により、ECAは生産井のECA権益に帰属する天然ガス生産物の売却収入の90％、開発井のECA権益に帰属する天然ガス生産物の売却収入の50％を受け取ることができる。ECAマーセラス・トラストIは2010年に設立され、テキサス州ヒューストンを拠点としている。もっと見るECA Marcellus Trust I 基礎のまとめECA Marcellus Trust I の収益と売上を時価総額と比較するとどうか。ECTM 基礎統計学時価総額US$10.74m収益（TTM）US$2.92m売上高(TTM)US$4.28m3.4xPER（株価収益率2.3xP/SレシオECTM は割高か？公正価値と評価分析を参照収益と収入最新の決算報告書（TTM）に基づく主な収益性統計ECTM 損益計算書（TTM）収益US$4.28m売上原価US$0売上総利益US$4.28mその他の費用US$1.36m収益US$2.92m直近の収益報告Mar 31, 2026次回決算日該当なし一株当たり利益（EPS）0.17グロス・マージン100.00%純利益率68.17%有利子負債／自己資本比率0%ECTM の長期的なパフォーマンスは？過去の実績と比較を見る配当金22.5%現在の配当利回り100%配当性向ECTM 配当は確実ですか？ECTM 配当履歴とベンチマークを見るECTM 、いつまでに購入すれば配当金を受け取れますか？ECA Marcellus Trust I 配当日配当落ち日May 28 2026配当支払日Jun 02 2026配当落ちまでの日数5 days配当支払日までの日数0 daysECTM 配当は確実ですか？ECTM 配当履歴とベンチマークを見るView Valuation企業分析と財務データの現状データ最終更新日（UTC時間）企業分析2026/06/01 21:39終値2026/06/01 00:00収益2026/03/31年間収益2025/12/31データソース企業分析に使用したデータはS&P Global Market Intelligence LLC のものです。本レポートを作成するための分析モデルでは、以下のデータを使用しています。データは正規化されているため、ソースが利用可能になるまでに時間がかかる場合があります。パッケージデータタイムフレーム米国ソース例会社財務10年損益計算書キャッシュ・フロー計算書貸借対照表SECフォーム10-KSECフォーム10-Qアナリストのコンセンサス予想+プラス3年予想財務アナリストの目標株価アナリストリサーチレポートBlue Matrix市場価格30年株価配当、分割、措置ICEマーケットデータSECフォームS-1所有権10年トップ株主インサイダー取引SECフォーム4SECフォーム13Dマネジメント10年リーダーシップ・チーム取締役会SECフォーム10-KSECフォームDEF 14A主な進展10年会社からのお知らせSECフォーム8-K* 米国証券を対象とした例であり、非米国証券については、同等の規制書式および情報源を使用。特に断りのない限り、すべての財務データは1年ごとの期間に基づいていますが、四半期ごとに更新されます。これは、TTM（Trailing Twelve Month）またはLTM（Last Twelve Month）データとして知られています。詳細はこちら。分析モデルとスノーフレーク本レポートを生成するために使用した分析モデルの詳細は当社のGithubページでご覧いただけます。また、レポートの使用方法に関するガイドやYoutubeのチュートリアルも掲載しています。シンプリー・ウォールストリート分析モデルを設計・構築した世界トップクラスのチームについてご紹介します。業界およびセクターの指標私たちの業界とセクションの指標は、Simply Wall Stによって6時間ごとに計算されます。アナリスト筋ECA Marcellus Trust I 0 これらのアナリストのうち、弊社レポートのインプットとして使用した売上高または利益の予想を提出したのは、 。アナリストの投稿は一日中更新されます。7 アナリスト機関Ethan BellamyBairdNoel ParksLadenburg Thalmann & CompanyDrew VenkerMorgan Stanley4 その他のアナリストを表示
お知らせ • May 20Eca Marcellus Trust I Announces Quarterly Distribution for the Quarter Ended March 31, 2026, Expected to Be Payable on or Before June 2, 2026ECA MARCELLUS TRUST I announced that the Trust’s distribution for the quarter ended March 31, 2026, will be $0.090 per unit, which is expected to be distributed on or before June 2, 2026, to holders of record as of the close of business on May 28, 2026.
お知らせ • Feb 12ECA Marcellus Trust I Announces Quarterly Distribution for the Quarter Ended December 31, 2025, Payable on or Before March 2, 2026ECA MARCELLUS TRUST I announced that the Trust’s distribution for the quarter ended December 31, 2025, will be $0.036 per unit, which is expected to be distributed on or before March 2, 2026, to holders of record as of the close of business on February 23, 2026.
お知らせ • Nov 13ECA Marcellus Trust I Announces Quarterly Distribution, Payable on or before December 1, 2025ECA MARCELLUS TRUST I announced that the Trust’s distribution for the quarter ended September 30, 2025, will be $0.020 per unit, which is expected to be distributed on or before December 1, 2025, to holders of record as of the close of business on November 24, 2025.
お知らせ • Aug 16ECA Marcellus Trust I Announces Distribution for the Quarter Ended June 30, 2025, Payable on or Before August 29, 2025ECA MARCELLUS TRUST I announced that the Trust’s distribution for the quarter ended June 30, 2025, will be $0.020 per unit, which is expected to be distributed on or before August 29, 2025, to holders of record as of the close of business on August 25, 2025.
お知らせ • Feb 14ECA Marcellus Trust I Announces Quarterly Distribution for the Quarter Ended December 31, 2024, Payable on or Before March 3, 2025ECA Marcellus Trust I announced that the Trust’s distribution for the quarter ended December 31, 2024, will be $0.020 per unit, which is expected to be distributed on or before March 3, 2025, to holders of record as of the close of business on February 24, 2025.
お知らせ • Nov 13ECA Marcellus Trust I Announces Distribution for the Quarter Ended September 30, 2024, Payable on or before November 29, 2024ECA Marcellus Trust I announced that the Trust’s distribution for the quarter ended September 30, 2024, will be $0.005 per unit, which is expected to be distributed on or before November 29, 2024, to holders of record as of the close of business on November 22, 2024.
お知らせ • May 20Eca Marcellus Trust I Announces Quarterly Distribution for the Quarter Ended March 31, 2026, Expected to Be Payable on or Before June 2, 2026ECA MARCELLUS TRUST I announced that the Trust’s distribution for the quarter ended March 31, 2026, will be $0.090 per unit, which is expected to be distributed on or before June 2, 2026, to holders of record as of the close of business on May 28, 2026.
お知らせ • Feb 12ECA Marcellus Trust I Announces Quarterly Distribution for the Quarter Ended December 31, 2025, Payable on or Before March 2, 2026ECA MARCELLUS TRUST I announced that the Trust’s distribution for the quarter ended December 31, 2025, will be $0.036 per unit, which is expected to be distributed on or before March 2, 2026, to holders of record as of the close of business on February 23, 2026.
お知らせ • Nov 13ECA Marcellus Trust I Announces Quarterly Distribution, Payable on or before December 1, 2025ECA MARCELLUS TRUST I announced that the Trust’s distribution for the quarter ended September 30, 2025, will be $0.020 per unit, which is expected to be distributed on or before December 1, 2025, to holders of record as of the close of business on November 24, 2025.
お知らせ • Aug 16ECA Marcellus Trust I Announces Distribution for the Quarter Ended June 30, 2025, Payable on or Before August 29, 2025ECA MARCELLUS TRUST I announced that the Trust’s distribution for the quarter ended June 30, 2025, will be $0.020 per unit, which is expected to be distributed on or before August 29, 2025, to holders of record as of the close of business on August 25, 2025.
お知らせ • Feb 14ECA Marcellus Trust I Announces Quarterly Distribution for the Quarter Ended December 31, 2024, Payable on or Before March 3, 2025ECA Marcellus Trust I announced that the Trust’s distribution for the quarter ended December 31, 2024, will be $0.020 per unit, which is expected to be distributed on or before March 3, 2025, to holders of record as of the close of business on February 24, 2025.
お知らせ • Nov 13ECA Marcellus Trust I Announces Distribution for the Quarter Ended September 30, 2024, Payable on or before November 29, 2024ECA Marcellus Trust I announced that the Trust’s distribution for the quarter ended September 30, 2024, will be $0.005 per unit, which is expected to be distributed on or before November 29, 2024, to holders of record as of the close of business on November 22, 2024.
お知らせ • Aug 16ECA Marcellus Trust I Announces No Quarterly Distribution for the Quarterly Ended June 30, 2024ECA Marcellus Trust I announced that there will be no distribution paid for the quarter ended June 30, 2024, for holders of record as of the close of business on August 23, 2024, as Trust expenses offset net revenues to the Trust for the quarter.
お知らせ • May 16ECA Marcellus Trust I Announces Distribution for the Quarter Ended March 31, 2024, Payable on or Before May 31, 2024ECA Marcellus Trust I announced that the Trust’s distribution for the quarter ended March 31, 2024, will be $0.021 per unit, which is expected to be distributed on or before May 31, 2024, to holders of record as of the close of business on May 21, 2024.
お知らせ • Feb 13ECA Marcellus Trust I Announces Quarterly Distribution, Payable on or Before February 29, 2024ECA Marcellus Trust I announced that the Trust’s distribution for the quarter ended December 31, 2023, will be $0.030 per unit, which is expected to be distributed on or before February 29, 2024, to holders of record as of the close of business on February 22, 2024.
お知らせ • Nov 11ECA Marcellus Trust I Announces Distribution for the Quarter Ended September 30, 2023, Payable on or Before November 30, 2023ECA Marcellus Trust I announced that the Trust’s distribution for the quarter ended September 30, 2023, will be $0.006 per unit, which is expected to be distributed on or before November 30, 2023, to holders of record as of the close of business on November 20, 2023.
お知らせ • Aug 17ECA Marcellus Trust I Announces There Will Be No Distribution for the Quarter Ended June 30, 2023ECA Marcellus Trust I announced that there will be no distribution paid for the quarter ended June 30, 2023, for holders of record as of the close of business on August 24, 2023, as Trust expenses offset net revenues to the Trust for the quarter.
お知らせ • Feb 11ECA Marcellus Trust I Announces Distribution for the Quarter Ended December 31, 2022, Payable on or Before February 28, 2023ECA MARCELLUS TRUST I announced that the Trust’s distribution for the quarter ended December 31, 2022, will be $0.124 per unit, which is expected to be distributed on or before February 28, 2023, to holders of record as of the close of business on February 21, 2023.
お知らせ • Nov 10ECA Marcellus Trust I Announces Quarterly Distribution, Payable on or before November 29, 2022ECA MARCELLUS TRUST I announced that the Trust’s distribution for the quarter ended September 30, 2022, will be $0.180 per unit, which is expected to be distributed on or before November 29, 2022 to holders of record as of the close of business on November 21, 2022.
お知らせ • Aug 10ECA Marcellus Trust I Announces Distribution for the Quarter Ended June 30, 2022, Payable on or Before August 31, 2022ECA MARCELLUS TRUST I announced that the Trust’s distribution for the quarter ended June 30, 2022, will be $0.176 per unit, which is expected to be distributed on or before August 31, 2022 to holders of record as of the close of business on August 19, 2022.
お知らせ • May 12ECA Marcellus Trust I Announces Distribution for the Quarter Ended March 31, 2022, Payable on or before May 31, 2022ECA MARCELLUS TRUST I announced that the Trust’s distribution for the quarter ended March 31, 2022, will be $0.094 per unit, which is expected to be distributed on or before May 31, 2022 to holders of record as of the close of business on May 20, 2022.
お知らせ • May 12ECA Marcellus Trust I Announces Distribution for the Quarter Ended March 31, 2021, Payable on or Before May 26, 2021ECA Marcellus Trust I announced that the Trust’s distribution for the quarter ended March 31, 2021 will be $0.031 per unit, which is expected to be distributed on or before May 26, 2021 to holders of record as of the close of business on May 21, 2021.
お知らせ • Aug 01ECA Marcellus Trust I Receives Notice from NYSEECA Marcellus Trust I (OTCPK:ECTM), on July 31, 2020 announced that it has received notification from the New York Stock Exchange (“NYSE”) of its determination to suspend trading of the Trust’s units of beneficial interest (the “Trust units”), effective as of the close of trading on July 30, 2020, and to initiate proceedings to delist the Trust units. The determination to commence the delisting proceeding results from the Trust’s inability to satisfy the continued listing compliance standards set forth under Rule 802.01C of the NYSE Listed Company Manual because the average closing price of the Trust units fell below $1.00 over a 30 consecutive trading-day period that ended November 21, 2019, and the Trust was unable to regain compliance with the applicable standards within a cure period that concluded on July 30, 2020. As a result of the suspension, the Trust expects that the Trust units will begin trading on July 31, 2020 under the symbol “ECTM” on the OTC Pink Market, which is operated by OTC Markets Group Inc. (“OTC Pink”). To be quoted on OTC Pink, a market maker must sponsor the security and comply with SEC Rule 15c2-11 before it can initiate a quote in a specific security. OTC Pink is a significantly more limited market than the NYSE, and the quotation of the Trust units on OTC Pink may result in a less liquid market available for existing and potential unit-holders and could further depress the trading price of the Trust units. There is no assurance that an active market in the Trust units will develop on OTC Pink.
