Earnings
July 22, 2021 - RCI.B
New! Rogers Communications Inc. Q2-2021 Earnings & Price Target Update .....
July 22, 2021 - CNR
New! Canadian National Railway - Q2-2021 Earnings, Price Target .....
July 20, 2021 - WTE
New! Westshore Terminal Invest. Corp. Q1-2020 Earnings, Price Target Update .....
July 18, 2021 - EIF
Exchange Income Corp. Q1-2021 Earnings, Price Target Update .....
July 16, 2021 - BAM.A
Brookfield Asset Management Inc. Q1-2021 Earnings, Price Target Forecast .....
July 15, 2021 - BEP.UN
Brookfield Renewable LP , Brookfield Renewable Corp. Q1-2021 Earnings, Pric .....
July 14, 2021 - BIP.UN
Brookfield Infrastructure Partners LP -Q1-2021 Earnings, Price Target Updat .....
July 11, 2021 - AI
Atrium Mortgage Investment Corp. Q1-2021 Earnings, Price Target Update .....
Recommendation Changes
BEP.UN, FC, H, NHF.UN, APR.UN, more...

Exchange Income Corp. 5.25% Convertible Debenture New Issue

This is only a sample of the article, please login to view the entire article

Exchange Income Corp. (EIF) is issuing $125M of 5.25% Convertible Unsecured Subordinated Debentures maturing Jul-13-2028.

The conversion price of $52.70 represents a 30% premium to EIF current common share price of $40.38 The Debentures are not redeemable before Jul-31-2024 ( 3 years after closing). After Jul-31-2024 and prior to Jul-31-2026, the Debentures are redeemable providing the current share price is 125% of the Conversion Price. After Jul-31-2026 to maturity they will be redeemable at par.

The new issue is expected to open at $100, and is recommended for income.

You must be a member to view the entire article, please subscribe or login


Login
Username
Password
New Issues & Acquisition
July 16, 2021
New! Coverage Universe - Weekly Price Change: July 9-16, 2021
July 12, 2021
Exchange Income Corp. 5.25% Convertible Debenture New Issue
July 9, 2021
Coverage Universe - Weekly Price Change: July 2-9, 2021
July 2, 2021
Coverage Universe - Weekly Price Change: June 24 - July 2, 2021
June 28, 2021
StorageVault Canada Inc.(SVI), 5.5% Debenture New Issue
June 25, 2021
Coverage Universe - Weekly Price Change: June 18 - 25, 2021
June 23, 2021
Timbercreek Financial Corp. 5.25% Convertible Debenture New Issue
June 19, 2021
Coverage Universe - Weekly Price Change: June 11-18, 2021