Exchange Income Corporation (TSX: EIF) declared an eligible dividend of $0.24 per share for the month ended September 30, 2026. The payout is scheduled for October 15, 2026.

Shareholders holding stock at the close of business on September 29, 2026, are eligible to receive the distribution. The corporation designated the payment as an "eligible" dividend under the Income Tax Act (Canada) and corresponding provincial legislation. This classification may allow individual residents in Canada to claim enhanced dividend tax credits, reducing income tax otherwise payable.

Reinvestment Options

Eligible shareholders have the option to reinvest their dividends through the corporation’s dividend reinvestment and share purchase plan. Details regarding the plan are available in the investor information section of the company’s website.

Corporate Profile

Exchange Income Corporation operates as a diversified, acquisition-oriented company focused on two primary segments: Aerospace & Aviation and Manufacturing. The firm employs a disciplined acquisition strategy targeting profitable, well-established companies with strong management teams and steady cash flows in niche markets.

For further information, investors may contact Mike Pyle, Chief Executive Officer, or Pam Plaster, Vice President, Investor Development.

Exchange Income Corporation (TSX: EIF) has signed an agreement to acquire TerraPro Inc for $30 million through a plan of arrangement. The transaction is expected to close early in the fourth quarter, subject to shareholder and court approvals.

The purchase price will be funded through the issuance of up to $4 million in EIC common shares to TerraPro shareholders. The remainder of the consideration will be drawn from the Corporation’s credit facility.

Transaction Structure

The $30 million purchase price is net of the Sherwood Park, Alberta property. EIC will acquire this property and subsequently sell it, with the proceeds distributed directly to TerraPro shareholders.

Strategic Rationale

TerraPro operates as a fully integrated access-matting platform across Western Canada, supported by internal manufacturing capabilities and a specialized equipment fleet. The acquisition allows EIC to expand its Environmental Access Solutions business as the Canadian matting market enters a growth cycle.

Mike Pyle, CEO of EIC, noted heightened interest in long linear projects throughout Canada. He stated that substantial need for access matting solutions is expected in the latter half of 2026 and beyond.

What the Numbers Show

The funding structure reveals a heavy reliance on debt financing. With only up to $4 million allocated for equity issuance against a $30 million total price, approximately 87% of the transaction value must be funded through EIC’s existing credit facility. This structure minimizes immediate dilution for existing shareholders but increases leverage exposure pending the sale of the Sherwood Park property.

Colin Schmidt, President and CEO of TerraPro, highlighted that integration with EIC provides access to an industry-leading network. Darren Francis, CEO of Northern Mat and Bridge, added that the team expansion strengthens operational capabilities nationwide.