WINNIPEG, Feb. 18, 2014 /CNW/ - (TSX:NFI) (TSX:NFI.DB.U) New Flyer
Industries Inc. ("New Flyer" or the "Company") today declared a
dividend on the common shares of New Flyer (the "Shares") in the amount
of C$0.04875 per Share to holders of record at the close of business on
February 28, 2014. The dividend will be payable on March 17, 2014.
New Flyer has paid dividends to shareholders for 100 consecutive months
since the Company's initial public offering in August 2005.
The dividends on the Shares are designated as "eligible dividends" for
purposes of the enhanced dividend tax credit rules contained in the Income Tax Act (Canada) and any corresponding provincial and territorial tax
About New Flyer
New Flyer, with recently acquired NABI Bus, LLC, is the leading
manufacturer of heavy-duty transit buses in the United States and
Canada. The Company is the industry technology leader and offers the
broadest product line including drive systems powered by: clean diesel,
natural gas and electric trolley as well as energy-efficient
diesel-electric hybrid vehicles. All buses are supported by an
industry-leading comprehensive warranty and support program, and
service network. New Flyer and its subsidiaries NABI Bus, LLC and
NABI Parts, LLC also operate the transit industry's most sophisticated
aftermarket parts organization, sourcing parts from hundreds of
different suppliers and providing support for all types of heavy-duty
The New Flyer group of companies employ over 3,000 team members with
manufacturing, fabrication, parts distribution and service centers in
both Canada and the United States. Further information is available on
New Flyer's web site at www.newflyer.com.
The common shares and convertible unsecured subordinated debentures of
the Company are traded on the Toronto Stock Exchange under the symbols
NFI and NFI.DB.U, respectively.
This press release may contain forward-looking statements relating to
expected future events and financial and operating results of the
Company that involve risks and uncertainties. Actual results may
differ materially from management expectations as projected in such
forward-looking statements for a variety of reasons, including market
and general economic conditions, the covenants contained in the
Company's senior credit facility could impact the ability of the
Company to fund dividends and the other risks and uncertainties
detailed in the disclosure documents filed with the Canadian securities
regulatory authorities and available on SEDAR at www.sedar.com. Due to the potential impact of these factors, the Company disclaims
any intention or obligation to update or revise any forward-looking
statements, whether as a result of new information, future events or
otherwise, unless required by applicable law.
SOURCE New Flyer Industries Inc.