Exchange Income redeems 5.35% convertible debentures

By Wendy Van Sickle

Columbus, Ohio, July 17 – Exchange Income Corp. redeemed its C$64,978,000 of 5.35% convertible unsecured subordinated debentures due March 31, 2020 on Tuesday, according to a news release.

The debentures were redeemed at par plus accrued interest up to but excluding the redemption date.

Holders could convert the debentures into common shares before the redemption date at a price of C$41.60 per share.

Prior to the redemption date, C$22,000 of debentures were converted into 528 common shares.

Exchange Income stock closed at C$32.29 on Tuesday.

Exchange Income is a Winnipeg, Man.-based acquisition-oriented company focused in two sectors: aviation services and equipment and manufacturing.

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