WINNIPEG – Exchange income company (TSX: EIF) (the “Company”), a diversified, acquisition-driven and opportunity-driven company in the aerospace, aviation and manufacturing sectors, announced today that the directors of the Company declared eligible dividends totaling $0.21 per share for the month ended September 30, 2022payable October 14, 2022 to shareholders of record at the close of business on September 29, 2022.
Eligible shareholders have the option of reinvesting their dividends in accordance with the Corporation’s dividend reinvestment and stock purchase plan.
The dividend is designated as an “eligible” dividend under the Income Tax Act (Canada) and any corresponding provincial legislation. Under this legislation, persons residing in Canada may be entitled to enhanced dividend tax credits which reduce income tax otherwise payable.
About Exchange income company
Exchange income company is a diversified, acquisition-driven company focused on two sectors: aerospace and aircraft equipment and services, 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.
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, dependence on Exchange income company 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 with the financial performance of the Company, dilution, restrictions on the potential future growth, shareholder liability risk, competitive pressures (including price competition), changes in market activity, cyclicality of industries, seasonality of business, adverse weather conditions and fluctuations foreign exchange, legal proceedings, commodity prices and commodity exposure, reliance 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 forward-looking statements; these statements speak only as of the date on which they were made.
Mike Pyle Pam
Tel: (204) 982-1850
Email: [email protected] [email protected]
(C) 2022 electronic news edition, source ENP Newswire