WINNIPEG, Feb. 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 February 29, 2012, payable March 15, 2012 to
shareholders of record at the close of business on February 29, 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
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 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 Jasper
Tank, Overlanders Manufacturing, Water Blast Manufacturing, Stainless
Fabrication and WesTower Communications. For more information on
Exchange Income 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