WINNIPEG, Sept. 17, 2018 /CNW/ - (TSX:NFI) NFI Group
Inc. ("NFI") today declared a quarterly dividend for the period
July 1, 2018 to September 30, 2018 on the common shares of NFI
(the "Shares") in the amount of C$0.375 per Share to holders of record at the
close of business on September 28,
2018. The dividend will be payable on October 15, 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
With nearly 6,000 team members, operating from 31 facilities
across Canada and the United States, NFI 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 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 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 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's senior credit
facility could impact the ability of NFI 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 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.