Exchange Income : EIC Announces the Completion of its Redemption of its 5 Year 5.25% Convertible Unsecured Subordinated Debentures due December 31, 2022
February 11, 2022 at 04:52 pm EST
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Exchange Income Corporation Announces the Completion of its Redemption of its 5 Year 5.25% Convertible Unsecured Subordinated Debentures due December 31, 2022
Winnipeg, Manitoba - February 11, 2022 - Exchange Income Corporation (TSX: EIF) (the "Corporation") is pleased to announce the completion of its redemption of its 5 year 5.25% convertible unsecured subordinated debentures due December 31, 2022 (the "Debentures") on February 11, 2022 (the "Redemption Date").
On January 7, 2022, the Corporation issued a notice of redemption to the holders of the Debentures to redeem all issued and outstanding Debentures at a redemption price equal to their principal amount, plus accrued and unpaid interest thereon up to, but excluding, the Redemption Date. Holders of the Debentures had the option to convert such Debentures into common shares of the Corporation ("Common Shares") prior to the Redemption Date at a price of $51.50 per Common Share. $8,000 principal amount of Debentures were converted into Common Shares between January 7, 2022 and the Redemption Date. On the Redemption Date, Debentures in the principal amount of $99,992,000 were redeemed by the Corporation.
About Exchange Income Corporation
Exchange Income Corporation is a diversified acquisition-oriented company, focused in two sectors: aerospace & aviation services and equipment, and manufacturing. The Corporation uses a disciplined acquisition strategy to identify already profitable, well-established companies that have strong management teams, generate steady cash flow, operate in niche markets and have opportunities for organic growth. For more information on the Corporation, please visit www.ExchangeIncomeCorp.ca. Additional information relating to the Corporation, including all public filings, is available on SEDAR (www.sedar.com).
For further information, please contact:
Mike Pyle
Pam Plaster
Chief Executive Officer
Vice President, Investor Development
Exchange Income Corporation
Exchange Income Corporation
(204) 982-1850
(204) 953-1314
MPyle@eig.ca
pplaster@eig.ca
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Exchange Income Corporation published this content on 11 February 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 11 February 2022 21:50:41 UTC.
Exchange Income Corporation is a Canada-based diversified acquisition-oriented company. The Company operates through two segments: Aerospace & Aviation and Manufacturing. The Aerospace & Aviation segment is comprised of three lines of business: Essential Air Services, Aerospace, and Aircraft Sales & Leasing. Essential Air Services includes both fixed wing and rotary wing operations. Aerospace includes its vertically integrated aerospace offerings that provide customized and integrated special mission aircraft solutions primarily to governments across the globe. Aircraft Sales & Leasing includes aftermarket aircraft, engine and parts sales and aircraft and engine leasing, along with aircraft management services. The Manufacturing segment is comprised of three lines of business: Environmental Access Solutions, Multi-Storey Window Solutions and Precision Manufacturing & Engineering. The Company also focuses on portable hydronic (glycol-based) climate-controlled equipment.
Exchange Income : EIC Announces the Completion of its Redemption of its 5 Year 5.25% Convertible Unsecured Subordinated Debentures due December 31, 2022
EXCHANGE INCOME CORPORATION 
