WINNIPEG, MB, Sept. 17, 2020 /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 September 30, 2020,
payable October 15, 2020 to
shareholders of record at the close of business on September 30, 2020.
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, 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
