2022-09-02 | TSX: EIF | Press release

NOT FOR DISTRIBUTION TO US NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES.

Exchange Income Corporation (TSX: EIF) (the “” Company) is pleased to announce that it has closed its previously announced bought deal public offering (the “” Offering) of 2,362,100 common shares (the ” Actions&CloseCurlyDoubleQuote 😉 cash through a syndicate of underwriters co-led by National Bank Financial inc. and CIBC World Markets Inc. and including RBC Dominion Securities Inc., Scotia Capital Inc., TD Securities Inc., BMO Nesbitt Burns Inc., Corp. Canaccord Genuity, Laurentian Bank Securities Inc. ., Raymond James Ltd., Wellington-Altus Private Wealth Inc., Cormark Securities Inc., iA Private Wealth Inc. and ATB Capital Markets Inc. (the “Underwriters”). The Shares were issued at a price of $48.70 per Share, for gross proceeds to the Company of $115,034,270, which amount includes 308,100 Shares issued at the same price for gross proceeds of $15,004,470 upon the full exercise of the over-allotment option granted to Subscribers.

The net proceeds from the offering will initially be used to repay funded debt, until required for future acquisitions or growth opportunities.

About Exchange Income Corporation:

Exchange Income Corporation is a diversified, acquisition-driven company focused on two industries: aerospace and aircraft services and equipment, and manufacturing. The Company uses a disciplined acquisition strategy to identify already profitable and well-established businesses that have strong management teams, generate stable cash flows, operate in niche markets and have opportunities for organic growth. For more information about the Company, please visit www.ExchangeIncomeCorp.ca. Additional information regarding the Company, including all public filings, is available on SEDAR (www.sedar.com).

Caution Regarding Forward-Looking Statements:

Statements in this press release that are forward-looking are based on current expectations and are subject to a number of uncertainties and risks, and actual results may differ materially. These uncertainties and risks include, but are not limited to, COVID-19 and pandemic-related risks, the Company’s dependence on the businesses and assets it currently holds, the degree of indebtedness of its subsidiaries, the fact that cash distributions are not guaranteed and will fluctuate depending on the Company’s financial performance, dilution, restrictions on potential future growth, risk of shareholder liability, competitive pressures ( including price competition), changes in market activity, cyclicality of industries, seasonality of businesses, adverse weather and foreign currency fluctuations, lawsuits, commodity prices and exposure to raw materials, dependence on key personnel and environmental, health and safety and other regulatory requirements. Except as required by Canadian securities laws, the Company does not undertake to update any forward-looking statements; these statements speak only as of the date on which they were made. Further information on these and other risks and uncertainties can be found in the disclosure documents filed by the Company with the securities authorities, available at www.sedar.com.

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