WINNIPEG , June 16, 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 June 30, 2017, payable
July 14, 2017 to shareholders of record at the close of business on June 30,
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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