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Exchange Income Corporation Announces the Completion of its Redemption of its 5.50% Convertible Unsecured Subordinated Debentures due September 30, 2019
Exchange Income Corporation Announces the Completion of its Redemption of its 5.50% Conver...
About this update from Exchange Income Corporation
[{"type":"text","content":"\n\n\n\nExchange Income Corporation Announces the Completion of its Redemption of its 5.50% Convertible Unsecured Subordinated Debentures due September 30, 2019\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.prntac{\nTEXT-ALIGN: CENTER\n}\n\n\n\n\n\n\n\nCanada NewsWire\nWINNIPEG, Jan. 12, 2018\n\n\n\n/NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES./\n\n\n\nWINNIPEG, Jan. 12, 2018 /CNW/ - Exchange Income Corporation (TSX: EIF) (the \"Corporation\") today announced the completion of its redemption of its 7 year 5.50% convertible unsecured subordinated debentures due September 30, 2019 (the \"Debentures\") on January 11, 2018 (the \"Redemption Date\").\n\nOn December 7, 2017, 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.  Prior to the Redemption Date, $747,000 principal amount of Debentures were converted into 20,291 Common Shares at a price of $36.80 per share.  On January 11, 2018, the remaining outstanding Debentures in the principal amount of $56,753,000 in were redeemed by the Corporation. \n\nAbout Exchange Income Corporation                                                                                      \n\nExchange Income Corporation is a diversified acquisition-oriented company, focused in two sectors: aerospace and aviatio...