The Globe and Mail reports in its Friday, Jan. 31, edition that in a report titled Strength in Diversity, Paradigm Capital analyst Razi Hasan commenced coverage on Exchange Income with a "buy" rating and $69 share target. The Globe's David Leeder writes in the Eye On Equities column that analysts on average target the shares at $69.73. Mr. Hasan says in a note: "Exchange Income has a compelling offering of both defensive and growth qualities supported by the company's diverse business model. Management has historically been responsible stewards of capital, growing the company both organically and through accretive acquisitions, while providing consistent dividend growth. As of the end of 2023, Exchange Income has paid out over $870-million in dividends, with an average CAGR [compound annual growth rate] on annualized dividends of 5 per cent. In addition, the company has invested over $1.9-billion completing more than 30 acquisitions. With over $900-million in liquidity, Exchange Income is well capitalized for future growth, with the ability to return capital to shareholders. We view the shares of Exchange Income as attractively valued with a solid growth set-up for several of the company's business lines."