The Toronto Stock Exchange reports that Exchange Income Corp.'s seven-year 5.35 per cent convertible unsecured subordinated debentures will be halted at the open on Dec. 20, 2024, and delisted at the close on the same day. According to the TSX, the company will redeem the debentures on Dec. 20, 2024, for $1,025.3575342 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 reports that the holders of the debentures may convert their debentures, at any time before 5 p.m. Toronto time on Dec. 19, 2024, into common shares of the company at $49 per share. This conversion price represents a conversion rate of approximately 20.4082 shares per $1,000 principal amount of debentures. Trades in the debentures on Dec. 19, 2024, will settle on the same day.