On June 6, 2023, Exchange Income Corporation announced a public offering of 2,875,000 common shares at $52.25 per share, closing on June 14, 2023, with gross proceeds of $150,218,750. The underwriters, led by CIBC World Markets and National Bank Financial, included RBC Dominion Securities, Raymond James, Scotia Capital, TD Securities, BMO Nesbitt Burns, Laurentian Bank Securities, ATB Capital Markets, Canaccord Genuity, Wellington-Altus Private Wealth, Cormark Securities, and iA Private Wealth. Legal advisors were MLT Aikins LLP (issuer) and Blake, Cassels & Graydon LLP (underwriters). Proceeds will support growth initiatives, including investments in Carson Air and PAL Airlines, and general corporate purposes.