WINNIPEG, June 17, 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
June 28, 2013. The dividend will be payable on July 15, 2013. New
Flyer has paid dividends to shareholders for 92 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
About New Flyer
New Flyer is the leading manufacturer of heavy-duty transit buses in
Canada and the United States. The Company's three manufacturing
facilities in Winnipeg, MB; St. Cloud, MN and Crookston, MN are all ISO
9001, ISO 14001 and OHSAS 18001 certified. The Company currently
operates a parts fabrication facility in Elkhart, IN and four parts
distribution centers in Winnipeg, MB; Erlanger, KY; Fresno, CA and
Brampton, ON. The Company also operates a service centre in Arnprior,
With a skilled workforce of over 2,200 employees, New Flyer is a
technology leader, offering the broadest product line in the industry,
including drive systems powered by clean diesel, LNG, CNG and electric
trolley as well as energy-efficient diesel-electric hybrid vehicles.
New Flyer has delivered over 32,000 heavy-duty buses in Canada and the
United States. All products are supported with an industry-leading,
comprehensive parts and service network. 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.
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.
For further information:
Jon Koffman, Investor Relations
Tel: (204) 224-6672