Exchange Income Corporation Closes $172 Million Bought Deal Offering of Common Shares

Jun 14, 2023

Exchange Income Corporation (TSX: EIF) (“EIC” or the “Corporation”) is pleased to announce that it has closed its previously announced bought deal public offering (the “Offering”) of 3,306,250 common shares (the “Shares”) from treasury through a syndicate of underwriters co-led by CIBC Capital Markets and National Bank Financial Inc. and including RBC Dominion Securities Inc., Raymond James Ltd., Scotia Capital Inc., TD Securities Inc., BMO Nesbitt Burns Inc., Canaccord Genuity Corp., Laurentian Bank Securities Inc., Wellington-Altus Private Wealth Inc., Cormark Securities Inc., ATB Capital Markets Inc. and iA Private Wealth Inc (the “Underwriters”). The Shares were issued at a price of $52.25 per Share, for gross proceeds to the Corporation of $172,751,562.50, which includes the exercise in full of the 431,250 Share over-allotment option granted to the Underwriters for the Offering.

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