Business
Exchange Income Corporation Announces the Completion of Its Redemption of Its 7 Year 5.25% Convertible Unsecured Subordinated Debentures Due July 31, 2028
NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES ...
About this update from Exchange Income Corporation
[{"type":"text","content":"Exchange Income Corporation Announces the Completion of Its Redemption of Its 7 Year 5.25% Convertible Unsecured Subordinated Debentures Due July 31, 2028\n\n\n .bwuline { text-decoration: underline }\n \n\n\n\n\n NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES\n \n\n\n\n\n Exchange Income Corporation (“\n \n EIC\n \n ” or the “\n \n Corporation\n \n ”) (TSX: EIF) is pleased to announce the completion of its redemption of its 7 year 5.25% Convertible Unsecured Subordinated Debentures due July 31, 2028 (the “\n \n Debentures\n \n ”) on September 29, 2025 (the “\n \n Redemption Date\n \n ”).\n \n\n On August 26, 2025, 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 (“\n \n Common Shares\n \n ”) prior to the Redemption Date at a price of $52.70 per Common Share. $135,819,000 principal amount of Debentures were converted into Common Shares between August 26, 2025 and the Redemption Date. On the Redemption Date, Debentures in the principal amount of $7,803,000 were redeemed by the Corporation.\n \n\n\n About Exchange Income Corporation\n \n\n\n Exchange Income Corporation is a diversified acquisition-oriented company, focused in two segments: Aerospace & Aviation 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\n \n www.ExchangeIncomeCorp.ca\n \n . Additional information relating to the Corporation, including all public filings, is available on SEDAR+ (\n \n www.sedarplus.ca\n \n ).\n \n\n\n\n\n Caution concerning forward-looking statements\n \n\n\n\n\n\n The statements contained in this news release that are forward-looking are based on current expectations and are subject to a number of uncertainties and risks, and actual results may dif...