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Exchange Income Corp(EIF-T)
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Exchange Income Corporation Announces $100,000,000 Bought Deal Financing of 5.25% Convertible Unsecured Subordinated Debentures

Globe Newswire - Tue Nov 16, 2021

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES.

WINNIPEG, Manitoba, Nov. 16, 2021 (GLOBE NEWSWIRE) -- Exchange Income Corporation (TSX: EIF) (“EIC” or the “Corporation”) announced today that it has reached an agreement with a syndicate of underwriters co-led by National Bank Financial Inc. and CIBC Capital Markets (the “Underwriters”), pursuant to which the Corporation will issue on a bought deal basis, subject to regulatory approval, $100,000,000 aggregate principal amount of convertible unsecured subordinated debentures (the “Debentures”) at a price of $1,000 per principal amount of Debentures (the “Offering”). The Corporation has granted to the Underwriters an over-allotment option to purchase up to an additional $15,000,000 aggregate principal amount of Debentures at the same price, exercisable in whole or in part at any time for a period of up to 30 days following closing of the Offering, to cover over-allotments.

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