New Flyer Industries Inc. Announces November Dividend
WINNIPEG, MB,
Nov. 15, 2012 /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 November 30,
2012. The dividend will be payable on December 17, 2012.
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 legislation.
About New Flyer
New Flyer is the leading manufacturer of heavy-duty transit buses
in Canada and the United States. The Company's three
manufacturing facilities in Winnipeg,
MB; St. Cloud, MN and
Crookston, MN are all ISO 9001,
ISO 14001 and OHSAS 18001 certified. The Company currently
operates a parts fabrication facility in Elkhart, IN and four parts distribution
centers in Winnipeg, MB;
Erlanger, KY; Fresno, CA and Brampton, ON. The Company also operates
a service centre in Arnprior,
ON.
With a skilled workforce of over 2,000
employees, New Flyer is a technology leader, offering the broadest
product line in the industry, including drive systems powered by
clean diesel, LNG, CNG and electric trolley as well as
energy-efficient diesel-electric hybrid vehicles. New Flyer
has delivered over 32,000 heavy-duty buses in Canada and the
United States. All products are supported with an
industry-leading, comprehensive parts and service network.
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.
Forward-Looking Statements
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.