Exchange Income Corporation announces redemption of Series E Debentures
/NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE
The Corporation is undertaking the redemption in order to strengthen its balance sheet and reduce interest expense.
A formal notice and instructions for the redemption of the Series E Debentures will be forwarded to holders of Series E Debentures in accordance with the provisions of the trust indenture and supplemental trust indenture governing the Series E Debentures.
About Exchange Income Corporation
Exchange Income Corporation is a diversified, acquisition-oriented corporation, focused on opportunities in the industrial products and transportation sectors which are ideally suited for public markets except for their size. The strategy of the Corporation is to invest in profitable, well established companies with strong cash flows operating in niche markets in
The Corporation is currently operating in two niche business segments: aviation and specialty manufacturing. The aviation segment consists of Perimeter Aviation LP., Keewatin Air LP and Calm Air International LP and the specialty manufacturing segment consists of
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 the 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, 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. 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.
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For further information: Mike Pyle, President and CEO, Exchange Income Corporation, (204) 982-1850, [email protected]; Alice Dunning or Bruce Wigle, Investor Relations, The Equicom Group Inc., (416) 815-0700 or 1-800-385-5451 ext. 255 or 228, [email protected] or [email protected]
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