The Toronto Stock Exchange reports that Exchange Income Corp.'s seven-year 5.25 per cent convertible unsecured subordinated debentures (symbol EIF.DB.M) will be halted at the open and delisted at the close on Dec. 2, 2025. According to the TSX, the company will redeem the debentures on Dec. 2, 2025, for $1,020.1369863 per $1,000 principal amount of debentures, representing $1,000 principal amount, and all accrued and unpaid interest thereon to, but excluding, the redemption date. As the debentures trade in the book-entry-only system of CDS, holders need not take any action in order to receive their payment.
The TSX notes that holders may convert their debentures at any time before 2 p.m. Toronto time on Dec. 1, 2025, at $60 per common share. This conversion price represents a conversion rate of approximately 16.6667 common shares per $1,000 principal amount of debentures. Trades on Dec. 1, 2025, will settle on the same day.
For more information, see the company's news release dated Oct. 28, 2025.
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