Exchange Income Corporation

Exchange Income Corporation (EIC) is a diversified, acquisition-oriented Canadian company headquartered in Winnipeg, Manitoba. Established in 2004, EIC's core business strategy involves investing in profitable, well-established companies with strong cash flows operating in niche markets, aiming to provide stable and growing cash dividends to its shareholders. [1, 2, 8, 15]

The company operates through two primary segments: Aerospace & Aviation and Manufacturing, encompassing a portfolio of over 30 subsidiaries. The Aerospace & Aviation segment provides essential air services, including fixed-wing and rotary-wing operations, medevac, passenger, charter, and freight services, particularly to rural, northern, and Indigenous communities across Canada. This segment also offers customized special mission aircraft solutions, primarily to governments globally, and engages in aircraft sales and leasing. The Manufacturing segment focuses on environmental access solutions, multi-storey window solutions for high-rise exteriors, and precision manufacturing and engineering. [1, 9, 10, 11, 16, 18, 20]

Under the leadership of CEO Mike Pyle, Exchange Income Corporation maintains a strong market position, particularly dominating Canadian regional aviation and serving as a leading global provider of special mission aircraft. [5, 14, 20] Recent activities include the renewal of its normal course issuer bid in March 2026, the announcement of its April 2026 dividend, and the completion of a credit facility upsize and extension in January 2026. The company reported record results in the fourth quarter of 2025, with a 62% increase in earnings per share, underscoring its strategy of leveraging a diversified portfolio to navigate economic cycles and deliver consistent returns. [4, 6, 19, 21]