WINNIPEG, May 16, 2017 /CNW/ - Exchange Income Corporation
(TSX: EIF) (the "Corporation"), announced today the voting results on the election of directors from its 2017 Annual
General and Special Meeting of Shareholders ("AGM").
A total of 11,235,629 common shares representing 36.08% of the Corporation's issued and outstanding shares were voted in
connection with the AGM. Shareholders approved all items of business before the AGM, including the election of directors as
follows:
|
Nominees
|
Votes in Favour
|
%
|
Votes Withheld
|
%
|
Total
|
|
Duncan Jessiman
|
10,990,378
|
97.82%
|
245,251
|
2.18%
|
11,235,629
|
|
Gary Filmon
|
11,172,115
|
99.43%
|
63,514
|
0.57%
|
11,235,629
|
|
Michael Pyle
|
11,211,910
|
99.79%
|
23,719
|
0.21%
|
11,235,629
|
|
Donald Streuber
|
11,221,680
|
99.88%
|
13,949
|
0.12%
|
11,235,629
|
|
Gary Buckley
|
10,848,949
|
96.55%
|
386,680
|
3.45%
|
11,235,629
|
|
Edward Warkentin
|
10,392,067
|
92.48%
|
843,562
|
7.52%
|
11,235,629
|
|
Brad Bennett
|
10,973,926
|
97.67%
|
261,703
|
2.33%
|
11,235,629
|
|
Serena Kraayeveld
|
11,072,492
|
98.55%
|
163,137
|
1.45%
|
11,235,629
|
|
Allan Davis
|
11,221,115
|
99.87%
|
14,514
|
0.13%
|
11,235,629
|
Shareholders also voted in favour of the reappointment of PricewaterhouseCoopers LLP as the auditors of the Corporation until
the close of the next annual meeting of shareholders.
About Exchange Income Corporation
Exchange Income Corporation is a diversified, acquisition-oriented company focused in two sectors: aerospace and
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 and operate in niche
markets.
The Corporation currently operates two segments: Aerospace & Aviation and Manufacturing. The Aerospace & Aviation
segment consists of the operations by Perimeter Aviation, Keewatin Air, Calm Air International, Bearskin Lake Air Service, Custom
Helicopters, Regional One and Provincial Aerospace. The Manufacturing segment consists of the operations by Jasper Tank, Overlanders Manufacturing, Water Blast Manufacturing, Stainless Fabrication, WesTower
Communications and Ben Machine Products. 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. 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
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