WINNIPEG, March 15, 2018 /CNW/ - (TSX:NFI) New Flyer
Industries Inc. ("NFI Group") today declared a quarterly dividend
for the period January 1, 2018 to
March 31, 2018 on the common shares
of NFI Group (the "Shares") in the amount of C$0.325 per Share to holders of record at the
close of business on March 29,
2018. The dividend will be payable on April 16, 2018.
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 NFI Group
NFI Group and its subsidiaries
comprise the largest bus and motor coach manufacturer and parts
distributor in North America, with
32 fabrication, manufacturing, distribution, and service centers
located across Canada and
the United States and employing
nearly 6,000 team members.
NFI Group provides a comprehensive suite of mass transportation
solutions under several brands: New Flyer® (heavy-duty
transit buses), ARBOC® (low-floor cutaway and
medium-duty buses), MCI® (motor coaches), and NFI Parts™
(bus and coach parts, support, and service). NFI Group's vehicles
incorporate the widest range of drive systems available ranging
from clean diesel, natural gas, diesel-electric hybrid,
trolley-electric, battery-electric, and fuel cell electric.
- New Flyer is North America's
heavy-duty transit bus leader and offers the most advanced product
line under the Xcelsior® and Xcelsior CHARGE™ brands.
New Flyer actively supports over 44,000 heavy-duty transit buses
(New Flyer, NABI, and Orion) currently in service, of which 7,300
are powered by electric motors and battery propulsion and 1,600 are
zero-emission.
- ARBOC is North America's
low-floor, body-on-chassis ("cutaway") bus leader serving transit,
paratransit, and shuttle applications. With more than 2,500 buses
in service, ARBOC leads the low-floor cutaway bus market providing
unsurpassed passenger accessibility and comfort over traditional
high-floor cutaway vehicles. ARBOC also offers a medium-duty bus
for transit and shuttle applications.
- Motor Coach Industries is North
America's motor coach leader offering the J-Series, the
industry's best-selling intercity coach for 11 consecutive years,
and the D-Series, the industry's best-selling motor coach line in
North American history. MCI actively supports over 28,000 coaches
currently in service.
- NFI Parts is North America's
most comprehensive parts organization, providing replacement parts,
technical publications, training, service, and support for NFI
Group's bus and motor coach product lines.
Further information is available at www.newflyer.com,
www.arbocsv.com, and www.mcicoach.com. The common shares of
NFI Group are traded on the Toronto Stock Exchange under the symbol
NFI.
Forward-Looking Statements
This press release may
contain forward-looking statements relating to expected future
events and financial and operating results of NFI Group 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
NFI Group's senior credit facility could impact the ability of NFI
Group 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,
NFI Group 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.