WINNIPEG, June 18, 2018 /CNW/ - (TSX:NFI) NFI Group Inc.,
formerly New Flyer Industries Inc. ("NFI Group") today declared a
quarterly dividend for the period April 1,
2018 to June 30, 2018 on the
common shares of NFI Group (the "Shares") in the amount of
C$0.375 per Share to holders of
record at the close of business on June
29, 2018. The dividend will be payable on July 16, 2018. As previously announced on
May 9, 2018, the board of directors
of NFI Group approved a 15.4% increase in the annual dividend rate
from C$1.30 to C$1.50 per Share, effective this dividend
payment.
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
With nearly 6,000 team members,
operating from 32 facilities across Canada and the
United States, NFI Group is North
America's largest bus manufacturer providing 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™ (parts, support, and service). NFI Group's
buses incorporate the widest range of drive systems available
including: clean diesel, natural gas, diesel-electric hybrid, and
zero-emission electric (trolley, battery, and fuel cell). For
the fiscal year ended December 31,
2017, NFI Group posted revenues of US $2.4 billion.
The Shares are traded on the Toronto Stock Exchange under the
symbol NFI. News and information are available at
www.nfigroup.com.
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 NFI Group Inc.