WINNIPEG, March 17, 2014 /CNW/ - Exchange Income Corporation (TSX: EIF)
(the "Corporation"), announced today that the Directors of the
Corporation have declared eligible dividends totaling $0.14 per share
for the month ended March 31, 2014, payable April 15, 2014 to
shareholders of record at the close of business on March 31, 2014.
Eligible shareholders have the opportunity to reinvest their dividends
in accordance with the Corporation's dividend reinvestment and cash
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 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 Canada and/or the United States.
The Corporation is currently operating in two niche business segments:
aviation and specialty manufacturing. The aviation segment consists of
the operations by Perimeter Aviation, Keewatin Air, Calm Air
International, Bearskin Lake Air Service, Custom Helicopters and
Regional One, and the specialty manufacturing segment consists of the
operations by Jasper Tank, Overlanders Manufacturing, Water Blast
Manufacturing, Stainless Fabrication and WesTower Communications. 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).
Forward-Looking Information:
The statements contained in today's 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, 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 the Corporation with the securities regulatory authorities,
available on SEDAR.
SOURCE Exchange Income Corporation
