Edition:
United States

Exchange Income Corp (EIF.TO)

EIF.TO on Toronto Stock Exchange

33.69CAD
29 Jul 2016
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Summary

Name Age Since Current Position

Gary Filmon

73 2009 Independent Chairman of the Board

Carmele Peter

49 2014 President

Michael Pyle

50 2009 Chief Executive Officer, Director

Duncan Jessiman

68 2009 Executive Vice Chairman of the Board

Tamara Schock

2015 Chief Financial Officer

Gary Beaurivage

60 2013 Chief Operating Officer - Aviation, Vice President

Darwin Sparrow

48 2014 Executive Vice President, Chief Operating Officer - Manufacturing

Adam Terwin

35 2014 Chief Corporate Development Officer

Dianne Spencer

50 2008 Corporate Secretary

Brad Bennett

57 2009 Independent Director

Gary Buckley

54 2009 Independent Director

Allan Davis

60 2014 Independent Director

Serena Kraayeveld

64 2011 Independent Director

Jeffrey Olin

53 2013 Independent Director

Donald Streuber

57 2009 Independent Director

Edward Warkentin

65 2009 Independent Director

Biographies

Name Description

Gary Filmon

Honourable Gary A. Filmon serves as an Independent Chairman of the Board of Exchange Income Corporation. Mr. Filmon holds a Master’s degree in Civil Engineering from the University of Manitoba. He is a trustee of The Arctic Glacier Income Fund. He is a director of Manitoba Telecom Services Inc., a director of Canadian Natural Resources Limited, the Chairman of FWS Construction Ltd. and is and has been a business consultant since 2000. Prior thereto he was Premier of the Province of Manitoba from 1988 to 1999. Mr. Filmon became a trustee of the Fund on May 6, 2004.

Carmele Peter

Ms. Carmele Peter serves as President of Exchange Income Corp. She joined the management team of the Corporation in November, 2012 as Chief Administrative Officer. In July, 2014 she became the President of the Corporation. Prior to joining the Corporation, Ms. Peter practiced law for over 23 years at the law firm of Aikins, MacAulay & Thorvaldson LLP, where she specialized in transactional and tax work. During her legal career she represented a number of clients and was involved in many significant transactions, including the sale of Craig Media Inc., the acquisition of Allstream Inc., the sale of MTS’s yellow pages directory business, and the acquisition of the Winnipeg Jets.

Michael Pyle

Mr. Michael C. Pyle serves as Chief Executive Officer, Director of Exchange Income Corporation. He holds an Arts degree (Economics) and a Masters of Business Administration Degree (Finance) from the University of Manitoba. He served in positions of increasing seniority culminating as President of The Arctic Glacier Income Fund (and its predecessor The Arctic Group Inc.) from 1998 to 2002. He previously worked with RoyNat Capital in Winnipeg from 1990 to 1996 and from 1997 to 1998. Mr. Pyle was employed as the Vice- President of Corporate Development for Westsun International Inc. in Winnipeg from 1996 to 1997. Mr. Pyle devotes the majority of his time to the Corporation. Mr. Pyle became the Chief Executive Officer and a trustee of the Fund on March 22, 2004.

Duncan Jessiman

Mr. Duncan D. Jessiman, QC, is an Executive Vice Chairman of the Board of Exchange Income Corporation. Mr. Jessiman holds a Bachelor of Commerce degree and a Law degree from the University of Manitoba. He began his professional career 39 years ago as a lawyer at Pitblado & Hoskin where he was a partner at the time of his leaving in 1998 to join Aikins, MacAulay & Thorvaldson LLP as a partner, where he practiced in the area of corporate, commercial and securities law until he joined the Fund as CEO on August 1, 2005. He gave up the position of CEO on August 1, 2006 and became Executive Vice-Chairman. Mr. Jessiman was a member of the TSXV Winnipeg Local Advisory Committee; former director of Consolidated Properties Ltd., a TSX listed company; former director of Geocrude Energy Inc., a TSX listed company which was taken over by Canada North West Energy Inc.; former director of Pan Cana Industries Ltd., a TSX listed company which was taken over by Geocrude Energy Inc.; and a former director of Enerplus Energy Services Ltd. - management company for Enerplus Resources Fund. Mr. Jessiman devotes a amount of his time to the business of the Corporation. Mr. Jessiman became a trustee of the Fund on March 22, 2004.

Tamara Schock

Ms. Tamara Schock is Chief Financial Officer of Exchange Income Corporation. Ms. Schock is a partner at Deloitte LLP where she has worked for most of her nearly 20-year professional accounting career. She has extensive experience dealing with multinational public companies in the financial services and manufacturing sectors. Her experience also includes providing acquisition advisory services to private equity firms and financial institutions. Ms. Schock will be joining the corporation late in the third quarter or early in the fourth quarter of 2015.

Gary Beaurivage

Mr. Gary Beaurivage is Chief Operating Officer - Aviation, Vice President of Exchange Income Corporation., since April 16, 2013. Previously, he was President and CEO of Calm Air GP. He is responsible for the operations within the Corporation’s aviation segment. Mr. Beaurivage was hired as Vice-President and Chief Operating Officer, Aviation in April, 2013. Prior to that, Mr. Beaurivage spent 40 years at Calm Air GP and its predecessors where Mr. Beaurivage moved up through the company, spending 13 years as President and Chief Executive Officer. Mr. Beaurivage has extensive experience relating to passenger and cargo transportation and aircraft maintenance. While based in northern Manitoba for many years, Mr. Beaurivage developed relationships with many of the northern based corporations, First Nations and Inuit leaders and communities that are serviced by a number of the Corporation’s aviation businesses.

Darwin Sparrow

Mr. Darwin Sparrow is an Executive Vice President, Chief Operating Officer - Manufacturing of Exchange Income Corporation. He is responsible for all operations within the Corporation’s manufacturing segment and was hired in March 2008. Mr. Sparrow spent 18 years in the manufacturing industry prior to joining the Fund, with a proven track record of managing companies to reach their full potential. Mr. Sparrow has experience in managing multi plants with cross border operations.

Adam Terwin

Mr. Adam S. Terwin is Chief Corporate Development Officer of Exchange Income Corporation. He is a Chartered Accountant and a Chartered Financial Analyst, joined the management team of the Fund in 2005. Mr. Terwin served as Chief Financial Officer of the Fund and, subsequently, the Corporation until July of 2014 when he became the Chief Corporate Development Officer of the Corporation. Prior to joining the Fund, he was employed at Deloitte & Touche. Mr. Terwin placed on the Canadian Institute of Chartered Accountants National Honour Roll for excellence on the Uniform Evaluation. He has a Bachelor of Commerce (Honours) from the University of Manitoba, where he received the gold medal for the highest standing at the I.H. Asper School of Business, as well as the I.H. Asper School of Business program medals for accounting and finance. Mr. Terwin is responsible for leading the Corporation’s acquisition focus, as well as strategic growth initiatives for the Corporation’s existing entities.

Dianne Spencer

Ms. Dianne Spencer serves as Corporate Secretary of Exchange Income Corporation. She joined the management team of the Fund on August 1, 2005 as the Manager, Compliance where she is largely responsible for monitoring the Canadian ownership of the Common Shares and ensuring that all filing requirements are met in relation to the Common Shares, any securities matters and all corporate filings for the Corporation and its Subsidiaries. Prior to joining the Fund, she was employed at Aikins, MacAulay & Thorvaldson as a legal assistant specializing in corporate, commercial and securities law. Ms. Spencer became the Corporate Secretary of the Fund on May 14, 2008 and continued on in that capacity with the Corporation following the completion of the Arrangement.

Brad Bennett

Mr. Brad Bennett is an Independent Director of Exchange Income Corporation. Mr. Bennett has been the President of McIntosh Properties Ltd., a real estate and investment holding company, since 1989. Mr. Bennett has served on a number of public and private company boards and is currently Chairman of Quails Gate Winery, a director of Kal Tire Holdings Ltd., and a director of Rackforce Networks Inc. Mr. Bennett also currently serves as Chairman of MITACS, a director of the Premier’s Technology Council and is Vice-Chairman of the Fraser Institute. Past public service positions include Chairman of University of British Columbia, Chairman of Kelowna General Hospital Foundation, Co-Chairman of the Central Okanagan Hospice Campaign and Chairman of Rotary Centre for the Arts Building Committee. Mr. Bennett received an honorary Alumni Award from the University of British Columbia in 2007, was awarded the Order of British Columbia in 2010 and received an honorary Doctorate of Laws from the University of British Columbia in 2011.

Gary Buckley

Mr. Gary J. Buckley serves as an Independent Director of Exchange Income Corporation. Mr. Buckley holds a Bachelor of Commerce from the University of Alberta. Mr. Buckley has been involved in the hotel and hospitality industry since 1983. Since 1998, Mr. Buckley has been the co-owner and operator of the Elkhorn Resort & Conference Center in Clear Lake, Manitoba. Mr. Buckley is also the shareholder of Genesis Hospitality Inc., which owns various hotel properties in Manitoba and elsewhere. Mr. Buckley is also the owner of additional hotel and mobile home properties. Mr. Buckley became a director of trustee of the Fund on May 6, 2004.

Allan Davis

Mr. Allan Davis serves as an Independent Director of the Company. Mr. Davis holds a Bachelor of Commerce (Honours) degree from the University of Manitoba. He is a Chartered Accountant (1980) and is a member of the Institute of Chartered Accountants of Manitoba. Mr. Davis is currently the President and Director of AFD Investments Inc. a management consulting firm with extensive experience in transportation, distribution, and manufacturing. Mr. Davis is the Independent Chair of the Board of Trustees and Chair of the Audit Committee of the Boyd Group Income Fund. Mr. Davis was a non-Director member of the Manufacturing Sector Advisory Committee prior to his election as a Director.

Serena Kraayeveld

Ms. Serena Kraayeveld is an Independent Director of Exchange Income Corporation. Ms. Kraayeveld graduated with a Bachelor of Commerce (Hons) from the University of Manitoba and is a member of the Institute of Chartered Accountants of Manitoba, the Canadian Institute of Chartered Accountants and the Institute of Corporate Directors. In 1990, she was elected an FCA by the Institute of Chartered Accountants of Manitoba. Prior to her retirement from public practice in 2008, Ms. Kraayeveld was a tax partner with PricewaterhouseCoopers LLP., providing tax and business advisory services to clients in a broad range of industries and with a variety of issues. In addition, Ms. Kraayeveld served terms as the Managing Partner of the Winnipeg Office of Coopers & Lybrand and as the Partner in Charge of the Winnipeg tax practice of PricewaterhouseCoopers LLP. Ms. Kraayeveld completed the Directors Education Program offered by the Institute of Corporate Directors and received the ICD.D designation in 2008. Ms. Kraayeveld currently serves as a director of CAA Manitoba and Niakwa Country Club. Past board positions have included the boards of PricewaterhouseCoopers LLP, Coopers & Lybrand, Institute of Chartered Accountants of Manitoba, Canadian Tax Foundation, United Way of Winnipeg, Manitoba Theatre Centre, Ducks Unlimited Canada and YWCA of Winnipeg. Ms. Kraayeveld became a Director on November 10, 2011.

Jeffrey Olin

Mr. Jeffrey F. Olin serves as an Independent Director of Exchange Income Corporation., since May 14, 2013. Mr. Olin has been the President and CEO of Vision Capital Corporation, an investment counseling and portfolio management company which manages the Vision Opportunity Funds, since 2007. Mr. Olin is presently the Chairman of BrightPath Early Learning Inc. Between 2003 and 2007, Mr. Olin served as the Managing Partner, Ontario and Head of Investment Banking with Desjardins Securities Inc. Mr. Olin was previously a Managing Director with HSBC Securities Inc. and a Vice-President with Canaccord Capital Corporation. Mr. Olin is a graduate of the Kellogg Graduate School at Northwestern University in Chicago with an MBA. He received his Bachelor of Commerce degree from the University of Toronto.

Donald Streuber

Mr. Donald Streuber is an Independent Director of Exchange Income Corporation. Mr. Streuber is President and CEO of Bison Transport Inc. Bison is one of Canada’s van truckload carriers of freight and has been recognized as one of Canada’s 50 managed companies for the last 15 years. Prior to joining Bison in 1999, Mr. Streuber was a partner at Sill Streuber Fiske & Company, Chartered Accountants. Mr. Streuber received his C.A. designation in 1985 while articling at Dunwoody & Company and had previously earned a Bachelor of Commerce with a major in Finance from the University of Manitoba in 1980. Mr. Streuber is presently the Chairman of the board of directors of Monarch Industries Limited, Chairman of the CentrePort Canada Inc., Chairman of the Canadian Trucking Alliance, past Chairman of the Business Council of Manitoba, a member of the Board for Providence College and Seminary and a member of the Canadian Council of Chief Executives. Mr. Streuber became a trustee of the Fund on May 6, 2004.

Edward Warkentin

Mr. Edward L. Warkentin is an Independent Director of Exchange Income Corporation. Mr. Warkentin holds an arts degree from the University of Winnipeg, a law degree from the University of Manitoba and has been a member of the Bars of Ontario and Manitoba for more than 30 years. Mr. Warkentin was a partner at Pitblado & Hoskin before leaving in 1998 to join Aikins, MacAulay & Thorvaldson LLP as a partner, where he practices in the area of corporate and commercial law. Formerly he was a director of Manitoba Mineral Resources Ltd., the Chair and director of Youth for Christ (Winnipeg) Inc. and a director of Grace Hospital Board of Management. Mr. Warkentin is currently the Chair and a trustee of Artis Real Estate Investment Trust, a real estate investment trust listed on the TSX, the Chair and a director of All in West! Capital Corporation, a corporation listed on the TSXV and a director of several private corporations, foundations and partnerships. Mr. Warkentin became a trustee of the Fund on May 6, 2008.