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Exchange Income ( (TSE:EIF) ) has provided an update.
Exchange Income Corporation has completed the redemption of its 7-year 5.75% Convertible Unsecured Subordinated Debentures, initially set to mature on March 31, 2026. The redemption involved a conversion of $78,383,000 worth of Debentures into common shares and a cash redemption of $7,574,000, which potentially strengthens the company’s equity base and could positively impact its financial stability and market position.
More about Exchange Income
Exchange Income Corporation is a diversified acquisition-oriented company operating in the Aerospace & Aviation and Manufacturing sectors. It focuses on acquiring established, profitable companies with strong management teams, steady cash flow, niche market operations, and opportunities for organic growth.
YTD Price Performance: -10.30%
Average Trading Volume: 108,517
Technical Sentiment Consensus Rating: Sell
Current Market Cap: C$2.61B
For a thorough assessment of EIF stock, go to TipRanks’ Stock Analysis page.
