WINNIPEG, March 16, 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 March 31, 2012, payable April 13, 2012 to shareholders of record at the close of business on March 30, 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 payable.
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).
For further information:
President and CEO
Exchange Income Corporation
Phone: (416) 815-0700 Ext. 243