WINNIPEG, MB, May 17, 2021 /CNW/ - Exchange Income Corporation
(TSX: EIF) (the "Corporation"), announced today the voting
results on the election of directors from its 2021 Annual and
Special Meeting of Shareholders ("AGM").
A total of 11,171,046 common shares representing 31.42% of the
Corporation's 35,556,203 issued and outstanding common shares were
voted in connection with the AGM. Shareholders approved all
items of business before the AGM, including the election of
directors as follows:
|
Nominees
|
Votes
in
Favour
|
%
For
|
Votes
Withheld
|
%
Withheld
|
Total
*
|
|
Brad
Bennett
|
11,114,486
|
99.49%
|
56,560
|
0.51%
|
11,171,046
|
|
Gary
Buckley
|
11,101,833
|
99.38%
|
69,213
|
0.62%
|
11,171,046
|
|
Polly
Craik
|
11,078,760
|
99.17%
|
92,286
|
0.83%
|
11,171,046
|
|
Gary
Filmon
|
11,062,412
|
99.03%
|
108,634
|
0.97%
|
11,171,046
|
|
Duncan
Jessiman
|
10,964,284
|
98.15%
|
206,762
|
1.85%
|
11,171,046
|
|
Michael
Pyle
|
11,104,817
|
99.41%
|
66,209
|
0.59%
|
11,171,026
|
|
Grace
Schalkwyk
|
11,077,909
|
99.17%
|
93,117
|
0.83%
|
11,171,026
|
|
Melissa
Sonberg
|
11,060,439
|
99.01%
|
110,587
|
0.99%
|
11,171,026
|
|
Donald
Streuber
|
11,112,691
|
99.48%
|
58,335
|
0.52%
|
11,171,026
|
|
Edward
Warkentin
|
10,846,078
|
97.09%
|
324,948
|
2.91%
|
11,171,026
|
* One shareholder did not vote for all directors resulting in
a different total number of votes being cast.
At the meeting, shareholders also voted in favour of the
reappointment of PricewaterhouseCoopers LLP as the auditor of the
Corporation until the close of the next annual meeting of
shareholders; the approval of the unallocated awards under the
Fourth Amended and Restated Deferred Share Plan of the Corporation;
and the approval, on an advisory basis, of the Corporation's
approach to executive compensation.
About Exchange Income Corporation
Exchange Income Corporation is a diversified
acquisition-oriented company, focused in two sectors: aerospace
& aviation services and equipment, and manufacturing. The
Corporation uses a disciplined acquisition strategy to identify
already profitable, well-established companies that have strong
management teams, generate steady cash flow, operate in niche
markets and have opportunities for organic growth. For more
information on the Corporation, please visit
www.ExchangeIncomeCorp.ca. Additional information relating to the
Corporation, including all public filings, is available on SEDAR
(www.sedar.com).
Caution concerning forward-looking statements
The statements contained in this news release that are
forward-looking are based on current expectations and are subject
to a number of uncertainties and risks, and actual results may
differ materially. These uncertainties and risks include, but are
not limited to, COVID-19 and pandemic related risks, the dependence
of Exchange Income Corporation on the operations and assets
currently owned by it, the degree to which its subsidiaries are
leveraged, the fact that cash distributions are not guaranteed and
will fluctuate with the Corporation's financial performance,
dilution, restrictions on potential future growth, the risk of
shareholder liability, competitive pressures (including price
competition), changes in market activity, the cyclicality of the
industries, seasonality of the businesses, poor weather conditions,
and foreign currency fluctuations, legal proceedings, commodity
prices and raw material exposure, dependence on key personnel, and
environmental, health and safety and other regulatory requirements.
Except as required by Canadian Securities Law, Exchange does not
undertake to update any forward-looking statements; such statements
speak only as of the date made. Further information about these and
other risks and uncertainties can be found in the disclosure
documents filed by Exchange Income Corporation with the securities
regulatory authorities, available at www.sedar.com.
SOURCE Exchange Income Corporation
