WINNIPEG, MB, June 15, 2020
/CNW/ - (TSX:NFI) NFI Group Inc. (the "Company") today
declared a quarterly dividend for the period April 1, 2020 to June 30,
2020 on the common shares of the Company (the "Shares") in
the amount of C$0.2125 per Share to
holders of record at the close of business on June 30, 2020. The dividend will be payable
on July 15, 2020.
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 the Company
With more than 9,000 team members
operating from 50 facilities across ten countries, NFI is a leading
independent global bus manufacturer providing a comprehensive suite
of mass transportation solutions under brands: New
Flyer® (heavy-duty transit buses), Alexander Dennis
Limited (single and double-deck buses), Plaxton (motor coaches),
MCI® (motor coaches), ARBOC® (low-floor
cutaway and medium-duty buses), and NFI Parts™. NFI vehicles
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). In total,
NFI now supports over 105,000 buses and coaches currently in
service around the world. 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 the Company that
involve risks and uncertainties. Actual results will likely
differ materially from management expectations as projected in such
forward-looking statements for a variety of reasons, including, but
not limited to, the adverse impact of the COVID-19 pandemic on the
Company's business, financial condition, liquidity and operating
results and its cash flow and liquidity and its ability to maintain
compliance with the covenants under its credit facilities, which
may also negatively 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 NFI Group Inc.