WINNIPEG, May 17, 2017 /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
$0.175 per share for the month ended May 31, 2017, payable
June 15, 2017 to shareholders of record at the close of business on May 31,
2017.
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 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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