Mr. Mike Pyle reports

EXCHANGE INCOME CORPORATION ANNOUNCES INAUGURAL OFFERING OF INVESTMENT GRADE SENIOR UNSECURED NOTES

Exchange Income Corp. has priced an offering of $600-million principal amount of 4.324 per cent senior unsecured notes due March 13, 2031. The net proceeds from the offering are expected to be used to repay existing indebtedness under the corporation's credit facilities and for general corporate purposes. The notes have been assigned a provisional rating of BBB (low), with a stable trend, by Morningstar DBRS.

The notes will be senior unsecured obligations of the corporation that will rank equally with the corporation's other present and future unsecured and unsubordinated indebtedness, and will be guaranteed on a senior unsecured basis by each of the corporation's wholly owned subsidiaries that are guarantors under the corporation's credit facilities. The notes are being offered on a private placement basis in each of the provinces of Canada in reliance on exemptions from the prospectus requirements under applicable securities laws.

The offering is being led by RBC Capital Markets, CIBC Capital Markets and National Bank Capital Markets as joint lead agents and active bookrunners. The closing of the offering is expected to occur on or about March 13, 2026, subject to customary closing conditions.

About Exchange Income Corp.

Exchange Income is a diversified acquisition-oriented company, focused on 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.