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Exchange Income Corporation Announces Voting Results for its 2019 Annual General and Special Meeting of Shareholders

WINNIPEG , May 13, 2019 /CNW/ - Exchange Income Corporation (TSX:  EIF) (the "Corporation"), announced today the voting results on the election of directors from its 2019 Annual General and Special Meeting of Shareholders ("AGM").

A total of 11,374,632 common shares representing 35.99% of the Corporation's issued and outstanding shares were voted in connection with the AGM.  Shareholders approved all items of business before the AGM, including the election of directors as follows:

Nominees

Votes in Favour

%

Votes Withheld

%

Total

Brad Bennett

11,337,960

99.69%

36,672

0.31%

11,374,632

Gary Buckley

11,337,938

99.69%

36,694

0.31%

11,374,632

Polly Craik

11,327,226

99.59%

47,406

0.41%

11,374,632

Gary Filmon

11,307,075

99.40%

67,557

0.60%

11,374,632

Duncan Jessiman

11,309,386

99.42%

65,246

0.58%

11,374,632

Serena Kraayeveld

11,340,746

99.70%

33,886

0.30%

11,374,632

Michael Pyle

11,313,950

99.46%

60,682

0.54%

11,374,632

Melissa Sonberg

11,328,185

99.60%

46,447

0.40%

11,374,632

Donald Streuber

11,342,977

99.72%

31,655

0.28%

11,374,632

Edward Warkentin

11,346,346

99.75%

28,286

0.25%

11,374,632

 

Shareholders also voted in favour of the reappointment of PricewaterhouseCoopers LLP as the auditors of the Corporation until the close of the next annual meeting of shareholders.

About Exchange Income Corporation 

Exchange Income Corporation is a diversified acquisition-oriented company, focused in two sectors: aerospace & aviation services and equipment, and manufacturing. The Corporation uses a disciplined acquisition strategy to identify already profitable, well-established companies that have strong management teams, generate steady cash flow, operate in niche markets and have opportunities for organic growth.

The Corporation currently operates two segments: Aerospace & Aviation and Manufacturing. The Aerospace & Aviation segment consists of the operations of Perimeter Aviation, Keewatin Air, Calm Air International, Bearskin Lake Air Service (operating as a division of Perimeter Aviation), Custom Helicopters, Regional One, Provincial Aerospace and Moncton Flight College , and an investment in Wasaya Group. The Manufacturing segment consists of the operations of Overlanders Manufacturing, Water Blast, Stainless Fabrication, WesTower Communications, Ben Machine and Quest Window Systems. For more information on the Corporation, please visit www.ExchangeIncomeCorp.ca. Additional information relating to the Corporation, including all public filings, is available on SEDAR (www.sedar.com).

Caution concerning forward-looking statements

The statements contained in this news release that are forward-looking are based on current expectations and are subject to a number of uncertainties and risks, and actual results may differ materially. These uncertainties and risks include, but are not limited to, the dependence of Exchange Income Corporation on the operations and assets currently owned by it, the degree to which its subsidiaries are leveraged, the fact that cash distributions are not guaranteed and will fluctuate with the Corporation's financial performance, dilution, restrictions on potential future growth, the risk of shareholder liability, competitive pressures (including price competition), changes in market activity, the cyclicality of the industries, seasonality of the businesses, poor weather conditions, and foreign currency fluctuations, legal proceedings, commodity prices and raw material exposure, dependence on key personnel, and environmental, health and safety and other regulatory requirements. Except as required by Canadian Securities Law, Exchange does not undertake to update any forward-looking statements; such statements speak only as of the date made. Further information about these and other risks and uncertainties can be found in the disclosure documents filed by Exchange Income Corporation with the securities regulatory authorities, available at www.sedar.com.

SOURCE Exchange Income Corporation


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