Exchange Income Corporation (TSX: EIF) (the “Company”), a diversified acquisition-driven company focused on opportunities in the aerospace, aviation and manufacturing sectors, announced today that the directors of the Company have declared eligible dividends totaling $0.20 per share for the month ended July 31, 2022, payable on August 15, 2022 to shareholders of record at the close of business on July 29, 2022.
Eligible shareholders have the option of reinvesting their dividends in accordance with the Corporation’s dividend reinvestment and stock purchase plan. Additional details can be found in the investor information section of the Company’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-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, Exchange Income Corporation’s dependence on the operations 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 future growth potential, shareholder liability risk, competitive pressures (including price competition), changes in market activity, cyclicality of industries, seasonality of business, adverse weather and foreign currency fluctuations, legal proceedings, commodity prices raw materials and exposure to raw materials, dependence on key personnel and environmental, health and safety regulatory requirements é and others. Except as required by Canadian securities law, Exchange does not undertake to update forward-looking statements; these statements speak only as of the date on which they were made. Further information about these and other risks and uncertainties may be found in the disclosure documents filed by Exchange Income Corporation with securities regulatory authorities, available at www.sedar.com.
See the source version on businesswire.com: https://www.businesswire.com/news/home/20220715005018/en/
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