Exchange Income Corporation announced that it has delivered notice to the holders of the Corporation's outstanding 5 Year 5.25% Convertible Senior Secured Debentures due December 31, 2022 (the "Debentures") that pursuant to Section 4.2 of the trust indenture governing the Debentures dated December 20, 2017 (the "Trust Indenture"), the Corporation will, effective February 11, 2022 (the "Redemption Date"), redeem all issued and outstanding Debentures, plus accrued interest thereon. There are currently 100,000 Debentures issued and outstanding in the aggregate principal amount of $100,000,000 ($1,000 per Debenture) as at the date hereof. Accordingly, on the Redemption Date, subject to compliance with the Trust Indenture, the holder of each Debenture (unless converted prior to the Redemption Date in accordance with the terms of the Trust Indenture) will receive a total payment of $1,006.041096, comprised of a principal repayment of $1,000.00 and interest of $6.041096 for the 42 day period from December 31, 2021 until the Redemption Date. All interest on the Debentures shall cease
from and after the Redemption Date. Certificates representing the Debentures must be tendered to the indenture trustee, BNY Trust Company of Canada, 1 York Street, 6th Floor, Toronto, Ontario M5J 0B6 Attention: Operations Dept.