WINNIPEG, MB, Aug. 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 August 31, 2021, payable
September 15, 2021 to shareholders of
record at the close of business on August
31, 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
