WINNIPEG,
Sept. 16, 2013 /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 September 30,
2013. The dividend will be payable on October 15, 2013. New Flyer has paid
dividends to shareholders for 95 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 legislation.
About New Flyer
New Flyer 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 NABI Bus, LLC and NABI Parts,
LLC (the Company's recently acquired bus and parts businesses) 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 transit
buses.
Together New Flyer and NABI 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.
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.