Dividend Policy

Exchange's dividend policy is to pay cash dividends to Shareholders in each monthly period based on funds generated and received from the subsidiaries. In determining the amount to send to the Company the subsidiaries take into consideration their requirements for maintenance and growth capital.

The level of dividends is examined on an ongoing basis by the directors of the Company, and should the cash generated exceed the requirements for investment in maintenance and growth opportunities, the level of dividends will be reevaluated.

Cash dividends are made to the shareholders of record on the last day of each month (unless such day is not a business day, in which case the date of record shall be the prior business day) and shall be payable on the 15th day of the following month or, if such day is not a business day, the prior business day or such other date as determined from time to time by the directors of the Company.

Eligible Dividends

For the November 2009 dividend and unless stated otherwise, all dividends paid thereafter are designated as "eligible" dividends under the Income Tax Act (Canada) and any corresponding provincial legislation. Under this legislation, individuals resident in Canada may be entitled to enhanced dividend tax credits which reduce income tax otherwise payable.

October 2009

The October 2009 dividend consists of two dividends:

"Eligible dividend" $0.06
Non-eligible dividend $0.07
Total payable to all common shareholders $0.13

For purposes of the enhanced dividend tax credit rules contained in the Income Tax Act (Canada) and any corresponding provincial and territorial tax legislation, the dividend in the amount of $0.06 and payable on November 13, 2009 to shareholders of record on October 31, 2009 to Canadian residents on all of our common shares, are designated as "eligible dividends".

Treatment of Dividends for US Tax Purposes

Exchange Income Corporation believes that its dividends are "Qualified Dividends" for U.S. tax purposes and therefore could be eligible for the reduced dividend rate of tax, unless the fact situation of a particular U.S. individual shareholder determines otherwise.

Refer to Page 22 of the IRS 2009 Form 1040 Instruction booklet for examples of individual situations where the dividends are not "Qualified Dividends". In the cases that the amount is not a "Qualified Dividend" due to individual situations, it should be reported on your U.S. federal income tax return as an Ordinary Dividend.

Dividend History

On July 29, 2009, Exchange was converted from an Income Trust to a corporation. As such, prior to July 29, 2009, cash payments to Unitholders were treated as income trust distributions, and subsequent to this date, the cash payments to Shareholders will be treated as dividends.

Below is the dividend history for 2018, 2017, 2016, 2015 and 2014 for Exchange. For Exchange's dividend and distribution history since its inception on March 22, 2004 see the following link.

Period Record Date Payable Date Payment per share
January 2023
Period Record Date Payable Date Payment per share
Dec 2022
Nov 2022 Nov 30, 2022 Dec 15, 2022 $0.2100
Oct 2022 Oct 31, 2022 Nov 15, 2022 $0.2100
Sep 2022 Sep 30, 2022 Oct 14, 2022 $0.2100
Aug 2022 Aug 31, 2022 Sep 15, 2022 $0.2100
Jul 2022 Jul 29, 2022 Aug 15, 2022 $0.2000
Jun 2022 Jun 30, 2022 Jul 15, 2022 $0.2000
May 2022 May 31, 2022 Jun 15, 2022 $0.2000
Apr 2022 Apr 29, 2022 May 13, 2022 $0.1900
Mar 2022 Mar 31, 2022 Apr 14, 2022 $0.1900
Feb 2022 Feb 28, 2022 Mar 15, 2022 $0.1900
Jan 2022 Jan 31, 2022 Feb 15, 2022 $0.1900
Period Record Date Payable Date Payment per share
Dec 2021 Dec 31, 2021 Jan 14, 2022 $0.1900
Nov 2021 Nov 30, 2021 Dec 15, 2021 $0.1900
Oct 2021 Oct 29, 2021 Nov 15, 2021 $0.1900
Sep 2021 Sep 30, 2021 Oct 15, 2021 $0.1900
Aug 2021 Aug 31, 2021 Sep 15, 2021 $0.1900
Jul 2021 Jul 30, 2021 Aug 13, 2021 $0.1900
Jun 2021 Jun 30, 2021 Jul 15, 2021 $0.1900
May 2021 May 31, 2021 June 15, 2021 $0.1900
Apr 2021 Apr 30, 2021 May 14, 2021 $0.1900
Mar 2021 Mar 31, 2021 Apr 15, 2021 $0.1900
Feb 2021 Feb 26, 2021 Mar 15, 2021 $0.1900
Jan 2021 Jan 29, 2021 Feb 15, 2021 $0.1900
Period Record Date Payable Date Payment per share
Dec 2020 Dec 31, 2020 Jan 15, 2021 $0.1900
Nov 2020 Nov 30, 2020 Dec 15, 2020 $0.1900
Oct 2020 Oct 30, 2020 Nov 13, 2020 $0.1900
Sep 2020 Sep 30, 2020 Oct 15, 2020 $0.1900
Aug 2020 Aug 31, 2020 Sep 15, 2020 $0.1900
July 2020 July 31, 2020 Aug 15, 2020 $0.1900
June 2020 June 30, 2020 July 15, 2020 $0.1900
May 2020 May 29, 2020 June 15, 2020 $0.1900
April 2020 April 30, 2020 May 15, 2020 $0.1900
March 2020 March 31, 2020 April 15, 2020 $0.1900
February 2020 February 28, 2020 March 13, 2020 $0.1900
January 2020 January 31, 2020 February 14, 2020 $0.1900
Period Record Date Payable Date Payment per share
December 2019 December 31, 2019 January 15, 2020 $0.1900
November 2019 November 29, 2019 December 13, 2019 $0.1900
October 2019 October 31, 2019 November 15, 2019 $0.1900
September 2019 September 30, 2019 October 15, 2019 $0.1900
August 2019 August 30, 2019 Sept 13, 2019 $0.1900
July 2019 July 31, 2019 August 15, 2019 $0.1825
June 2019 June 28, 2019 July 15, 2019 $0.1825
May 2019 May 31, 2019 June 14, 2019 $0.1825
April 2019 April 30, 2019 May 15, 2019 $0.1825
March 2019 March 29, 2019 April 15, 2019 $0.1825
February 2019 February 28, 2019 March 15, 2019 $0.1825
January 2019 January 31, 2019 February 15, 2019 $0.1825
Period Record Date Payable Date Payment per share
December 2018 December 31, 2018 January 15, 2019 $0.1825
November 2018 November 30, 2018 December 14, 2018 $0.1825
October 2018 October 31, 2018 November 15, 2018 $0.1825
September 2018 September 28, 2018 October 15, 2018 $0.1825
August 2018 August 31, 2018 September 14, 2018 $0.1825
July 2018 July 31, 2018 August 15, 2018 $0.1825
June 2018 June 29, 2018 July 13, 2018 $0.1825
May 2018 May 31, 2018 June 15, 2018 $0.1825
April 2018 April 30, 2018 May 15, 2018 $0.1825
March 2018 March 29, 2018 April 13, 2018 $0.1825
February 2018 February 28, 2018 March 15, 2018 $0.175
January 2018 January 31, 2018 February 15, 2018 $0.175
Period Record Date Payable Date Payment per share
December 2017 December 29, 2017 January 15, 2018 $0.175
November 2017 November 30, 2017 Dec 15, 2017 $0.175
October 2017 October 31, 2017 November 15, 2017 $0.175
September 2017 September 29, 2017 October 13, 2017 $0.175
August 2017 August 31, 2017 September 15, 2017 $0.175
July 2017 July 31, 2017 August 15, 2017 $0.175
June 2017 June 30, 2017 July 14, 2017 $0.175
May 2017 May 31, 2017 June 15, 2017 $0.175
April 2017 April 28, 2017 May 15, 2017 $0.175
March 2017 March 31, 2017 April 14, 2017 $0.175
February 2017 February 28, 2017 Mar15, 2017 $0.175
January 2017 January 31, 2017 February 15, 2017 $0.175
Period Record Date Payable Date Payment per share
December 2016 December 30, 2016 January 13, 2017 $0.175
November 2016 Novemer 30, 2016 December 15, 2016 $0.175
October 2016 October 31, 2016 November 15, 2016 $0.1675
September 2016 September 30, 2016 October 14, 2016 $0.1675
August 2016 August 31, 2016 September 15, 2016 $0.1675
July 2016 July 29, 2016 August 15, 2016 $0.1675
June 2016 June 30, 2016 July 15, 2016 $0.1675
May 2016 May 31, 2016 June 15, 2016 $0.1675
April 2016 April 29, 2016 May 13, 2016 $0.16
March 2016 March 31, 2016 April 15, 2016 $0.16
February 2016 February 29, 2016 March 15, 2016 $0.16
January 2016 January 29, 2016 February 12, 2016 $0.16
Period Record Date Payable Date Payment per share
December 2015 December 31, 2015 January 15, 2016 $0.16
November 2015 November 30, 2015 December 15, 2015 $0.16
October 2015 October 30, 2015 November 13, 2015 $0.16
September 2015 September 30, 2015 October 15, 2015 $0.16
August 2015 August 31, 2015 September 15, 2015 $0.16
July 2015 July 31, 2015 August 14, 2015 $0.145
June 2015 June 30, 2015 July 15, 2015 $0.145
May 2015 May 29, 2015 June 15, 2015 $0.145
April 2015 April 30, 2015 May 15, 2015 $0.145
March 2015 March 31, 2015 April 15, 2015 $0.145
February 2015 February 27, 2015 March 13, 2015 $0.145
January 2015 January 30, 2015 February 13, 2015 $0.145
Period Record Date Payable Date Payment per share
December 2014 December 31, 2014 January 15, 2015 $0.145
November 2014 November 28, 2014 December 15, 2014 $0.145
October 2014 October 31, 2014 November 14, 2014 $0.14
September 2014 September 30, 2014 October 15, 2014 $0.14
August 2014 August 29, 2014 September 15, 2014 $0.14
July 2014 July 31, 2014 August 15, 2014 $0.14
June 2014 June 30, 2014 July 15, 2014 $0.14
May 2014 May 30, 2014 June 13, 2014 $0.14
April 2014 April 30, 2014 May 15, 2014 $0.14
March 2014 March 31, 2014 April 15, 2014 $0.14
February 2014 February 28, 2014 March 14, 2014 $0.14
January 2014 January 31, 2014 February 14, 2014 $0.14
Unite Interactive