Exchange Income Corporation Announces $100 Million Bought Deal Offering of Common Shares

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Last update: Jun 6, 2023

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WINNIPEG, Manitoba, June 06, 2023 (GLOBE NEWSWIRE) -- Exchange Income Corporation (TSX:EIF) (“EIC” or the “Corporation”) is pleased to announce that it has entered into an agreement to sell, on a bought deal basis, 1,920,000 common shares (the “Shares”) from treasury to a syndicate of underwriters (the “Underwriters”) co-led by CIBC Capital Markets and National Bank Financial Inc. The Shares will be offered at a price of $52.25 per Share, for gross proceeds to the Corporation of approximately $100,320,000 (the “Offering”).