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WINNIPEG, Manitoba — Trade Revenue Company (“EIC” or the “Company”) (TSX: EIF) introduced immediately that it has delivered discover to the holders of the Company’s excellent 7 12 months 5.75% Convertible Unsecured Subordinated Debentures due March 31, 2026 (the “Debentures”) that pursuant to Part 4.2 of the belief indenture governing the Debentures dated March 26, 2019 (the “Belief Indenture”), the Company will, efficient February 13, 2025 (the “Redemption Date”), redeem all issued and excellent Debentures, plus accrued curiosity thereon.
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The Company is taking the step to redeem these Debentures within the first quarter because the Debentures turn into present throughout this quarter. In accordance with the Belief Indenture, holders of those Debentures could convert the excellent Debentures into widespread shares of EIC at a worth of $49.00 per share, which is at a reduction to the closing worth of EIC’s widespread shares of $57.19 per share on January 8, 2025, the date of this press launch.
The Company encourages particular person holders of Debentures (“Debentureholders”) to evaluation redemption directions from their monetary establishment to make sure a request for conversion is submitted upfront of the cutoff time set by the Debentureholder’s monetary establishment. This may be a number of days upfront of the Redemption Date and isn’t managed by the Company.
There are at present 85,957 Debentures issued and excellent within the mixture principal quantity of $85,957,000 ($1,000 per Debenture) as on the date hereof. Accordingly, on the Redemption Date, topic to compliance with the Belief Indenture, the holder of every Debenture (until transformed previous to the Redemption Date in accordance with the phrases of the Belief Indenture) will obtain a complete cost of $1,021.4246575, comprised of a principal compensation of $1,000.00 and curiosity of $21.4246575 for the 136 day interval from September 30, 2024 as much as, however excluding, the Redemption Date. All curiosity on the Debentures shall stop from and after the Redemption Date.
Certificates representing the Debentures should be tendered to the indenture trustee, BNY Belief Firm of Canada, 1 York Road, 6th Flooring, Toronto, Ontario M5J 0B6 Consideration: Operations Dept.
About Trade Revenue Company
Trade Revenue Company is a diversified acquisition-oriented firm, targeted in two segments: Aerospace & Aviation and Manufacturing. The Company makes use of a disciplined acquisition technique to establish already worthwhile, well-established corporations which have robust administration groups, generate regular money stream, function in area of interest markets and have alternatives for natural development. For extra data on the Company, please go to www.ExchangeIncomeCorp.ca.
Further data referring to the Company, together with all public filings, is on the market on SEDAR+ ( www.sedarplus.ca).
Warning regarding forward-looking statements
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The statements contained on this information launch which can be forward-looking are primarily based on present expectations and are topic to a variety of uncertainties and dangers, and precise outcomes could differ materially. These uncertainties and dangers embrace, however usually are not restricted to, exterior dangers, operational dangers, monetary dangers and human capital dangers. Exterior dangers embrace, however usually are not restricted to, dangers related to financial and geopolitical situations, competitors, availability of presidency funding for Indigenous well being care, entry to capital, market developments and innovation, dangers related to uninsured losses, local weather dangers, acts of terrorism, armed battle, labour or social unrest, dangers of a pandemic, the extent and timing of defence spending, government-funded defence and safety program dangers and dangers related to environmental, social and governance. Operational dangers embrace, however usually are not restricted to, vital contracts and clients, operational efficiency and development, legal guidelines, rules and requirements, acquisitions, focus and diversification, entry to components and relationships with key suppliers, casualty losses, environmental legal responsibility, dependence on data methods and know-how, worldwide operations, fluctuations in gross sales costs and buy costs of aviation associated belongings, warranties and efficiency ensures, international offset and mental property dangers. Monetary dangers embrace, however usually are not restricted to, availability of future financing, revenue tax issues, commodity danger, dangers associated to international change, rates of interest, credit score facility and the belief indentures, dividends, unpredictability and volatility of securities pricing, dilution and different credit score danger. Human capital dangers embrace, however usually are not restricted to, reliance on key personnel, dangers associated to workers and labour relations and conflicts of curiosity.
Besides as required by Canadian Securities Regulation, Trade Revenue Company doesn’t undertake to replace any forward-looking statements; such statements converse solely as of the date made. Additional details about these and different dangers and uncertainties might be discovered within the disclosure paperwork filed by Trade Revenue Company with the securities regulatory authorities, obtainable at www.sedarplus.ca.
View supply model on businesswire.com: https://www.businesswire.com/information/house/20250108060949/en/
Contacts
For additional data, please contact:
Mike Pyle
Chief Government Officer
Trade Revenue Company
(204) 982-1850
mpyle@eig.ca
Pam Plaster
Vice President, Investor Growth
Trade Revenue Company
(204) 953-1314
PPlaster@eig.ca
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