The Toronto Stock Exchange reports that Exchange Income Corp.'s seven-year 5.75 per cent convertible unsecured subordinated debentures (symbol EIF.DB.K) will be halted at the open on Feb. 13, 2025, and delisted at the close on the same day. According to the TSX, the company will redeem the debentures on Feb. 13, 2025, for $1,021.4246575 per $1,000 principal amount of debentures. As the debentures trade in the book-entry-only system of CDS, holders need not take any action in order to receive their payment. Trades on Feb.

The TSX notes that debentureholders may convert their debentures at any time before 2 p.m. Toronto time on Feb. 12, 2025, at $49 per common share of the company (symbol EIF), representing a conversion rate of 20.4082 shares per $1,000 principal amount of debentures. Buyers of debentures who wish to exercise their conversion right should make their purchases sufficiently in advance of the deadline indicated in the relevant CDS bulletin, allowing adequate time for settlement. Trades on Feb. 12, 2025, will settle on the same day.

For more information, see the company's news release dated Jan. 8, 2025.