Exchange Income Corporation Announces the Completion of Its Redemption of Its 7 Year 5.25% Convertible Unsecured Subordinated Debentures Due July 31, 2028

Executive Summary

• Exchange Income Corporation completed the redemption of its 7‑year 5.25 % convertible unsecured subordinated debentures due July 31, 2028 on September 29, 2025.
• $135.819 million principal amount of the debentures were converted into common shares at $52.70 per share between August 26 and the redemption date.
• The remaining $7.803 million principal amount was redeemed for cash at par plus accrued interest up to, but excluding, the redemption date.

Key Details

• Notice of Redemption: Issued on August 26, 2025, offering holders redemption at principal plus accrued unpaid interest, or conversion into common shares at $52.70 per share.
• Conversion Activity: $135,819,000 principal amount converted to common shares during the conversion window (Aug 26 – Sep 29, 2025).
• Cash Redemption: $7,803,000 principal amount redeemed in cash on September 29, 2025.
• Redemption Price: Principal amount plus accrued and unpaid interest up to, but excluding, the redemption date for the cash‑redeemed portion.
• Impact on Capital Structure: Conversion increased common share count; cash redemption reduced outstanding debenture liability.

Notable Quotes

(No CEO/President quotes were included in the release.)