Exchange Income Corporation (TSX:EIF) announces a share repurchase program. Under the bid, the company will repurchase up to 1,554,884 shares, representing 5% of its issued and outstanding shares. The company will pay the market price at the time of acquisition. Purchases of common shares pursuant to the bid may be made through the facilities of the Toronto Stock Exchange. All shares purchased under the bid will be cancelled. The company believes that, from time to time, the market price of its common shares may not fully reflect the value of the common shares and represents an attractive investment for the company. The daily repurchases will be limited to 30,390 common shares, other than block purchase exceptions. The bid will expire on January 22, 2018 or on such earlier date on which the company purchases the maximum number of shares pursuant to the bid. As of January 9, 2017, the company had 31,097,673 common shares issued and outstanding and 27,919,882 shares in public float.