Exchange Income Corporation (TSX:EIF) acquired Ryko Telecommunications Inc. for approximately $12.7 million on December 1, 2021. The purchase price, subject to normal post closing adjustments, was funded through the issuance of 47,782 of the Corporation’s common shares to the vendor and cash in the amount of $12.746 million that was available from the Corporation’s credit facility. An aggregate of 17,065 Common Shares issued by the Corporation to Blair Russell pursuant to the acquisition of all the issued and outstanding stock of Ryko are subject to a share escrow agreement dated December 1, 2021. Pursuant to such share escrow agreement, the Common Shares escrowed pursuant thereto are scheduled to be released over a five year period following December 1, 2021, with a certain percentage of these escrowed Common Shares released on each anniversary of the December 1, 2021 date, provided that Mr. Russell remains continuously employed by Ryko or one of its affiliates. An aggregate of 17,065 Common Shares issued by the Corporation to Brad Ryan pursuant to the acquisition of all the issued and outstanding stock of Ryko are subject to a share escrow agreement dated December 1, 2021 Pursuant to such share escrow agreement, the Common Shares escrowed pursuant thereto are scheduled to be released over a five year period following December 1, 2021, with a certain percentage of these escrowed Common Shares released on each anniversary of the December 1, 2021 date, provided that Mr. Ryan remains continuously employed by Ryko or one of its affiliates. The acquisition, combined with WesTower’s leading presence in the wireless tower industry, will further the ability to provide a fully integrated service to the telecommunication companies across Canada. Exchange Income Corporation (TSX:EIF) completed the acquisition of Ryko Telecommunications Inc. on December 1, 2021.