Exchange Income Corporation Responds to Market Activity
WINNIPEG, Aug. 7, 2014 /CNW/ - Exchange Income Corporation (TSX: EIF) (the "Corporation"), a diversified, acquisition-oriented company focused on opportunities in three sectors (aviation services and equipment, metal manufacturing, and infrastructure services).
The Corporation is aware of certain media and industry communications, which we believe to be materially inaccurate. The Corporation will release its second quarter 2014 results on Tuesday, August 12th, and we believe this will shed considerable light on the inaccuracy of these reports. Furthermore, the second quarter 2014 report will reiterate that there is no intention to change the current dividend payment and will discuss the strength of the Corporation's financial position to support this decision.
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 currently operates three segments: Aviation, Manufacturing and Infrastructure. The Aviation segment consists of the operations by Perimeter Aviation, Keewatin Air, Calm Air International, Bearskin Lake Air Service, Custom Helicopters and Regional One. The Manufacturing segment consists of the operations by Jasper Tank, Overlanders Manufacturing, Water Blast Manufacturing, and Stainless Fabrication. The Infrastructure segment consists of the operations of 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).
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