WINNIPEG, Dec. 17, 2015 /CNW/ - Exchange Income Corporation (TSX: EIF)
(the "Corporation"), a diversified, acquisition-oriented company
focused on opportunities in aviation and manufacturing sectors
announced today that the Directors of the Corporation have declared
eligible dividends totaling $0.16 per share for the month ended
December 31, 2015, payable January 15, 2016 to shareholders of record
at the close of business on December 31, 2015.
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
Exchange Income Corporation is a diversified acquisition-oriented
company, focused in two sectors: 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, operate in niche
markets and have opportunities for organic growth.
The Corporation currently operates two segments: Aviation and
Manufacturing. The 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 in Canada 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
For further information:
Chief Executive Officer
Exchange Income Corporation