Exchange Income Corporation Announces Increase to Previously Announced Bought Deal Offering of Common Shares to $150 Million

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Last update: Jun 7, 2023

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WINNIPEG, Manitoba, June 07, 2023 (GLOBE NEWSWIRE) -- Exchange Income Corporation (TSX:EIF) (“EIC” or the “Corporation”) is pleased to announce that, due to strong demand, it has entered into a revised agreement with a syndicate of underwriters (the “Underwriters”) co-led by CIBC Capital Markets and National Bank Financial Inc. to increase the size of the previously announced bought deal treasury offering. Under the revised agreement, the Corporation has agreed to sell, on a bought deal basis, 2,875,000 common shares (the “Shares”) from treasury. The Shares will be offered at a price of $52.25 per Share, for gross proceeds to the Corporation of approximately $150,218,750 (the “Offering”).