WINNIPEG,
Nov. 15, 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 November 29,
2013. The dividend will be payable on December 16, 2013. New Flyer has paid
dividends to shareholders for 97 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, 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 transit buses.
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.
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.