TSX:EIFAirlines
Major Debenture Conversion Might Change The Case For Investing In Exchange Income (TSX:EIF)
Exchange Income Corporation has now completed the redemption of its 7‑year 5.25% Convertible Unsecured Subordinated Debentures due January 15, 2029, with holders converting CA$106,011,000 into common shares and the remaining CA$8,787,000 redeemed for cash on December 2, 2025.
This large conversion of debentures into equity reshapes Exchange Income’s capital structure, with implications for future dilution, balance sheet flexibility, and funding options.
We’ll now examine how this sizable...