Sept 24 (Reuters) - ECN Capital Corp ECN.TO :
* ECN CAPITAL ANNOUNCES SALE OF 55% OF EXISTING RAIL PORTFOLIO AND INVENTORY REDUCTION
* ECN CAPITAL CORP - DEAL FOR PROCEEDS OF $360 MILLION
* ECN CAPITAL CORP - ENTERED INTO AN AGREEMENT TO SELL RAILCAR ASSETS TO AFFILIATES OF TRINITY INDUSTRIES LEASING COMPANY
* ECN CAPITAL CORP - ECN REMAINS COMMITTED TO ORDERLY WINDDOWN OF ITS REMAINING LEGACY ASSETS
* ECN CAPITAL - LEASED APPROXIMATELY $38 MILLION OF RAILCARS PREVIOUSLY IN IDLE INVENTORY DURING Q3 THAT ARE NOT PART OF ERL I SALE
* ECN CAPITAL CORP - ECN LEASED ABOUT $38 MILLION OF RAILCARS PREVIOUSLY IN IDLE INVENTORY DURING Q3 THAT ARE NOT PART OF ERL I SALE
* ECN CAPITAL - REDUCED RAIL INVENTORY BALANCE TO ABOUT $3 MILLION FROM $40.9 MILLION AS OF JUNE 30, 2018