WINNIPEG, July 17, 2012 /CNW/ - Exchange Income Corporation (TSX: EIF)
(the "Corporation"), announced today that the Directors of the
Corporation have declared eligible dividends totaling $0.135 per share
for the month ended July 31, 2012, payable August 15, 2012 to
shareholders of record at the close of business on July 31, 2012.
Eligible shareholders have the opportunity to reinvest their dividends
in accordance with the Corporation's dividend reinvestment and cash
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
About Exchange Income Corporation
The 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 is currently operating in two niche business segments:
aviation and specialty manufacturing. The aviation segment consists of
the operations by Perimeter Aviation, Keewatin Air, Calm Air
International, Bearskin Lake Air Service, and Custom Helicopters, and
the specialty manufacturing segment consists of the operations by
Overlanders Manufacturing, Water Blast Manufacturing, Stainless
Fabrication and 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).
SOURCE Exchange Income Corporation
For further information:
President and CEO
Exchange Income Corporation
Phone: (416) 815-0700 Ext. 243