Winnipeg, Manitoba - April 26, 2019 – Exchange Income Corporation (TSX: EIF) (the “Corporation”) is pleased to announce the completion of its redemption of its 7 year 6.00% convertible unsecured subordinated debentures due March 31, 2021 (the “Debentures”) on April 26, 2019 (the “Redemption Date”).

On March 26, 2019, the Corporation issued a notice of redemption to the holders of the Debentures to redeem all issued and outstanding Debentures at a redemption price equal to their principal amount, plus accrued and unpaid interest thereon up to, but excluding, the Redemption Date. Holders of the Debentures had the option to convert such Debentures into common shares of the Corporation (“Common Shares”) prior to the Redemption Date at a price of $31.70 per Common Share. Debentures in the principal amount of $22,436,000 were converted into Common Shares between March 26, 2019 and the Redemption Date. On the Redemption Date, Debentures in the principal amount of $3,130,000 were redeemed by the Corporation.