NFI Group Inc. Announces Second Quarter 2022 Dividend
June 15 2022 - 6:30AM
(TSX: NFI, OTC: NFYEF; TSX: NFI.DB) NFI Group Inc.
(“NFI” or the “Company”), a leading independent bus and coach
manufacturer and a leader in electric mass mobility solutions,
today declared a quarterly dividend for the period April 1, 2022 to
June 30, 2022 on the common shares of the Company (the “Shares”) in
the amount of C$0.0531 per Share to holders of record at the close
of business on June 30, 2022. The dividend will be payable on July
15, 2022.
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
Leveraging 450 years of combined experience, NFI
is leading the electrification of mass mobility around the world.
With zero-emission buses and coaches, infrastructure, and
technology, NFI meets today’s urban demands for scalable smart
mobility solutions. Together, NFI is enabling more livable cities
through connected, clean, and sustainable transportation.
With 7,500 team members in nine countries, NFI
is a leading global bus manufacturer of mass mobility solutions
under the brands New Flyer® (heavy-duty transit buses), MCI® (motor
coaches), Alexander Dennis Limited (single and double-deck buses),
Plaxton (motor coaches), ARBOC® (low-floor cutaway and medium-duty
buses), and NFI Parts™. NFI currently offers the widest range of
sustainable drive systems available, including zero-emission
electric (trolley, battery, and fuel cell), natural gas, electric
hybrid, and clean diesel. In total, NFI supports its installed base
of over 105,000 buses and coaches around the world. NFI’s common
shares trade on the Toronto Stock Exchange (“TSX”) under the symbol
NFI and its convertible unsecured debentures trade on the TSX under
the symbol NFI.DB. News and information is available at
www.nfigroup.com, www.newflyer.com, www.mcicoach.com,
www.nfi.parts, www.alexander-dennis.com, www.arbocsv.com, and
www.carfaircomposites.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, supply chain
disruptions and inflationary effects on the Company’s business,
financial condition, 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; it is possible that in
connection with the Company obtaining covenant relief under its
credit facilities that certain other amendments could be made,
including with respect to a reduction in the size of the
facilities, an increase in the interest rates and other fees and
restrictions on dividends; there can be no assurance that the
Company will be successful in obtaining necessary covenant relief
(to the extent necessary) under its credit facilities, or that
dividends will continue to be paid; 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.
For investor inquiries, please contact:
Stephen King
P: 204.224.6382
Stephen.King@nfigroup.com
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