WINNIPEG, MB, June 17, 2021 /CNW/ - Exchange Income Corporation
(TSX: EIF) (the "Corporation"), a diversified, acquisition-oriented
company focused on opportunities in aerospace, aviation and
manufacturing sectors, announced today that the Directors of the
Corporation have declared eligible dividends totaling $0.19 per share for the month ended June 30, 2021, payable July 15, 2021 to shareholders of record at the
close of business on June 30,
2021.
Eligible shareholders have the opportunity to reinvest their
dividends in accordance with the Corporation's dividend
reinvestment and share purchase plan. Additional details can be
found in the investor information section of the Corporation's
website, www.ExchangeIncomeCorp.ca.
The dividend is designated as an "eligible" dividend under the
Income Tax Act (Canada) and any
corresponding provincial legislation. Under this legislation,
individuals resident in Canada may
be entitled to enhanced dividend tax credits which reduce income
tax otherwise payable.
About Exchange Income Corporation
Exchange 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. For more
information on the Corporation, please visit
www.ExchangeIncomeCorp.ca. Additional information relating to the
Corporation, including all public filings, is available on SEDAR
(www.sedar.com).
Caution concerning forward-looking
statements
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 differ materially. These uncertainties and risks
include, but are not limited to, COVID-19 and pandemic related
risks, the dependence of Exchange Income Corporation on the
operations and assets currently owned by it, the degree to which
its subsidiaries are leveraged, the fact that cash distributions
are not guaranteed and will fluctuate with the Corporation's
financial performance, dilution, restrictions on potential future
growth, the risk of shareholder liability, competitive pressures
(including price competition), changes in market activity, the
cyclicality of the industries, seasonality of the businesses, poor
weather conditions, and foreign currency fluctuations, legal
proceedings, commodity prices and raw material exposure, dependence
on key personnel, and environmental, health and safety and other
regulatory requirements. Except as required by Canadian Securities
Law, Exchange does not undertake to update any forward-looking
statements; such statements speak only as of the date made. Further
information about these and other risks and uncertainties can be
found in the disclosure documents filed by Exchange Income
Corporation with the securities regulatory authorities, available
at www.sedar.com.
SOURCE Exchange Income Corporation