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Exchange Income Corporation Announces Renewal of Normal Course Issuer Bid for Common Shares and Normal Course Issuer Bid for Debentures
Exchange Income Corporation Announces Renewal of Normal Course Issuer Bid for Common Shar...
About this update from Exchange Income Corporation
[{"type":"text","content":"\n \n \n \n Exchange Income Corporation Announces Renewal of Normal Course Issuer Bid for Common Shares and Normal Course Issuer Bid for Debentures\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n WINNIPEG, MB\n \n ,\n \n Feb. 22, 2021\n \n /CNW/ - Exchange Income Corporation (\"\n \n EIC\n \n \" or the \"\n \n Corporation\n \n \") (TSX: EIF) today announced that the Toronto Stock Exchange (\"\n \n TSX\n \n \") has approved the renewal of EIC's normal course issuer bid for the common shares of EIC (\"\n \n Common Shares\n \n \") and approved EIC's normal course issuer bid for certain series of debentures of EIC (collectively, the \"\n \n NCIB\n \n \"). Pursuant to the NCIB, EIC can purchase up to an aggregate of 3,253,765 Common Shares;\n \n $6,897,500\n \n principal amount of 7 year 5.25% convertible unsecured subordinated debentures of EIC (\"\n \n Debentures (\n \n June 2016\n \n )\n \n \"),\n \n $10,000,000\n \n principal amount of 5 year 5.25% convertible unsecured subordinated debentures of EIC\n \n (\n \n \"\n \n Debentures (\n \n December 2017\n \n )\n \n \"),\n \n $8,050,000\n \n principal amount of 7 year 5.35% convertible unsecured subordinated debentures of EIC (\"\n \n Debentures (\n \n June 2018\n \n )\n \n \") and\n \n $8,625,000\n \n principal amount of 7 year 5.75% convertible unsecured subordinated debentures of EIC (\"\n \n Debentures (\n \n March 2019\n \n )\n \n \") (collectively, the \"\n \n Securities\n \n \"), representing 10% of the public float of each series of Securities as at\n \n January 31, 2021\n \n .\n \n \n \n \n \n \n \n \n \n Purchases of Securities pursuant to the NCIB may be made through the facilities of the TSX commencing on\n \n February 24, 2021\n \n , and ending on\n \n February 23, 2022\n \n , or an earlier date in the event that EIC purchases the maximum number of each of the Securities available under the NCIB. EIC will pay the market price at the time of acquisition for any Securities purchased through the facilities of the TSX. All Securities acquired directly by EIC under th...