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Exchange Income Corporation Confirms February 2014 Convertible Debenture Redemption and Conversion Deadlines
Exchange Income Corporation Confirms February 2014 Convertible Debenture Redemption and Co...
About this update from Exchange Income Corporation
[{"type":"text","content":"\n\n\n\nExchange Income Corporation Confirms February 2014 Convertible Debenture Redemption and Conversion Deadlines\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\nCanada NewsWire\nWINNIPEG, April 24, 2019\n\n\n\nWINNIPEG, April 24, 2019 /CNW/ - As previously announced on March 26, 2019, Exchange Income Corporation (TSX: EIF) (the \"Corporation\" or EIC\") will redeem all issued and outstanding 7-year 6.00% convertible unsecured subordinated debentures maturing on March 31, 2021, on April 26, 2019.\nIn response to enquiries EIC has been receiving regarding debenture conversion and redemption deadlines, the Corporation would like to confirm these deadlines for our Debenture holders.\nThe deadline for receipt of a notice of conversion is 3:00 p.m. eastern time on Thursday, April 25, 2019.  All holders of Debentures who do not deliver a notice of conversion on or prior to this deadline will have their Debentures redeemed for cash on the Redemption Date.\nThe Redemption Date for the Debentures is April 26, 2019.  The Corporation will 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.\nAbout Exchange Income Corporation \nExchange 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.\nThe Corporation currently operates two segments: Aerospace & Aviation and Manufacturing. The Aerospace & Aviation segment consists of the operations of Perimeter Aviation, Keewatin Air, Calm Air International, Bearskin Lake Air Service (operating as a division of Perimeter Aviation), Custom Helicopters, Regional One, Provincial Aerospace and Moncton Flight College, and an investment in Wasaya Group. The...