Mr. Mike Pyle reports

EXCHANGE INCOME CORPORATION ANNOUNCES THE UPSIZE AND EXTENSION OF ITS CREDIT FACILITY

Exchange Income Corp. has successfully upsized its credit facility to $3-billion from $2.2-billion and extended the maturity to April 30, 2029. The credit facility includes $420-million (U.S.) allocated to EIIF Management USA Inc., the continuation of the previously announced $200-million social loan tranche and $2,212-million allocated to the corporation's Canadian head office. The enhanced credit facility was completed with consistent pricing and terms and included the addition of one new lender to the syndicate.

Mike Pyle, chief executive officer of Exchange Income, commented: "The successful completion of the enhanced credit facility during times of uncertainty, with the same pricing as our existing facility, is a testament to our stable and resilient business model. Over the past six months, we have taken several strategic steps to update our financial structure. In December, 2024, and February, 2025, we successfully called our Series J and K unsecured convertible debentures, which reduced our debt and increased our equity by approximately $150-million. The upsize and extension of our credit facility now provides us with over $1-billion in liquidity to execute on strategic growth capital investments, enter new long-term aviation and aerospace contracts, and enhances our ability to complete accretive acquisitions. Having the liquidity available provides us with the capability to deliver the strong returns that our shareholders have come to expect from EIC.

"This enhanced facility does not mean that we are changing our conservative attitude on debt and leverage. Maintaining a strong balance sheet has always been a cornerstone of our business strategy, and that remains the case today. Our conservative leverage and elevated liquidity has enabled EIC to move quickly when opportunities are uncovered, and this enhanced facility provides us with the ability to execute on our strategic initiatives."

"I want to thank our syndicated credit facility members," commented Richard Wowryk, chief financial officer. "We have strong relationships with our banking partners and to execute on the upsized credit facility during the current environment is an illustration of their confidence in our business model. The liquidity under the enhanced credit facility provides us with the most available capital we have ever had in our history. We have a number of opportunities before us, including the previously announced binding purchase agreement for Canadian North. This available liquidity will allow us to continue to invest in opportunities and provide accretive returns to our shareholders."

National Bank Financial Inc., acting as administrative agent, Canadian Imperial Bank of Commerce (CIBC) and Toronto-Dominion Bank (TD) are joint bookrunners to the new facility. National Bank Financial, CIBC, TD, Royal Bank of Canada and Bank of Nova Scotia are co-lead arrangers for the new facility. The follow lenders complete the syndicate: Bank of Montreal, Wells Fargo Bank (North America), Bank of America (North America), Federation des caisses Desjardins du Quebec, ATB Financial, Raymond James Finance Company of Canada Ltd. and Laurentian Bank of Canada.

About Exchange Income Corp.

Exchange Income is a diversified acquisition-oriented company, focused in two segments: aerospace and aviation 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.

We seek Safe Harbor.