Exchange Income announces renewal of normal course issuer bid

Exchange Income (EIFZF) Corporation announced that the Toronto Stock Exchange has approved the renewal of EIC’s normal course issuer bid for the common shares of EIC trading as the symbol “EIF”. Pursuant to the NCIB, EIC can purchase up to 5,311,716 Common Shares, representing 10% of the public float of the Common Shares as at March 23, 2026. Purchases of Common Shares pursuant the NCIB may be made through the facilities of the TSX commencing on April 1 and ending on March 31, 2027, or an earlier date in the event that EIC purchases the maximum number of Common Shares available under the NCIB. EIC will pay the market price at the time of acquisition for any Common Shares purchased through the facilities of the TSX. All Common Shares acquired directly by EIC under the NCIB will be cancelled. As at March 23, there were 56,326,169 Common Shares issued and outstanding. The average daily trading volume of the Common Shares for the six month period ended February 28 was 148,581 Common Shares. Daily purchases will be limited to 37,145 Common Shares, other than block purchase exceptions. Pursuant to a previous notice of intention to conduct a normal course issuer bid, under which the Corporation sought and received approval from the TSX to purchase up to 4,811,929 Common Shares, $14,373,200 principal amount of 7 year 5.25% convertible unsecured subordinated debentures of EIC formerly trading under the symbol “EIF.DB.L” and $11,500,000 principal amount of 7 year 5.25% convertible unsecured subordinated debentures of EIC formerly trading as the symbol “EIF.DB.M”, the Corporation did not purchase any securities.