MonthDividends / Common ShareRecord DatePayment Date
March0.325March 29, 2018April 16, 2018
June0.375June 29, 2018July 16, 2018
Canadian Disclosure

All dividends paid by the Corporation to Canadian residents on its common 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.

United States Disclosure

Certain holders of New Flyer’s common stock have requested information regarding the status of New Flyer Industries Inc. (“NFI”) as a “qualified foreign corporation” for purposes of the rules in the U.S. Internal Revenue Code of 1986, as amended, relating to reduced rates of tax applicable to dividends received from such corporations.

Under current legislation, dividend income of NFI will generally be taxed to non-corporate U.S. Holders (as defined below) at the rates applicable to long-term capital gains, provided that NFI is a “qualified foreign corporation,” the Common Share is held for a minimum holding period, and other requirements are satisfied.

A qualified foreign corporation includes a non-U.S. corporation that is eligible for the benefits of an income tax treaty with the United States, if such treaty provides for an exchange of information program and the United States Treasury Department has determined that the treaty is satisfactory for purposes of the legislation. The United States Treasury has determined that the Convention between the United States of America in Canada with respect to Taxes on Income and on Capital (the “Canadian Treaty) meets these requirements, and it is expected that NFI will be eligible for the benefit of the Canadian Treaty. Therefore, we believe that NFI should be a qualified foreign corporation for these purposes.

A “U.S. Holder” means a beneficial owner of the stock that, for U.S. federal income tax purposes, is (1) an individual who is a citizen or resident of the United States, (2) a corporation (or other entity taxable as a corporation for U.S. federal income tax purposes) created or organized in or under the laws of the United States or of any political subdivision thereof; (3) an estate, the income of which is subject to U.S. federal income taxation regardless of its source; or (4) a trust (i)(a) the administration over which a court within the United States can exercise primary supervision and (b) all of the substantial decisions of which one or more United States persons have the authority to control or (ii) that validly elects to be treated as a United States person for U.S. federal income tax purposes under applicable U.S. Treasury Regulations.

This discussion is not exhaustive of all possible U.S. federal income tax considerations applicable to an investment in NFI’s stock. In addition, this discussion does not address all of the tax considerations that may be relevant to certain types of investors subject to special treatment under U.S. federal income tax laws. This discussion is of a general nature only and is not intended to be legal or tax advice to any holder of the stock, and is not a substitute for careful tax planning and advice. Holders of the stock should consult their own tax advisors in determining the application to them of the U.S. federal income tax laws to their particular situations, as well as any tax consequences arising under any other U.S. federal, state, local, foreign or other tax laws from the purchase, ownership and disposition of the stock.

IRS Circular 230 Disclosure

To ensure compliance with U.S. Internal revenue service circular 230, holders of NFI stock are hereby notified that: (a) any discussion of U.S. Federal tax issues herein is not intended or written to be used or relied upon, and cannot be used or relied upon by such holders, for the purpose of avoiding penalties that may be imposed on such holders under the U.S. Internal revenue code; (b) such discussion was written in connection with the promotion or marketing (within the meaning of irs circular 230) of the stock or other matters addressed herein; and (c) each holder of the stock should seek advice based on its particular circumstances from an independent tax advisor.

MonthDividends / Common ShareRecord DatePayment Date
March0.23750March 31, 2017April 17, 2017
June0.325June 30, 2017July 17, 2017
September0.325September 29, 2017October 16, 2017
December0.325December 29, 2017January 15, 2018
Canadian Disclosure

All dividends paid by the Corporation to Canadian residents on its common 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.

United States Disclosure

Certain holders of New Flyer’s common stock have requested information regarding the status of New Flyer Industries Inc. (“NFI”) as a “qualified foreign corporation” for purposes of the rules in the U.S. Internal Revenue Code of 1986, as amended, relating to reduced rates of tax applicable to dividends received from such corporations.

Under current legislation, dividend income of NFI will generally be taxed to non-corporate U.S. Holders (as defined below) at the rates applicable to long-term capital gains, provided that NFI is a “qualified foreign corporation,” the Common Share is held for a minimum holding period, and other requirements are satisfied.

A qualified foreign corporation includes a non-U.S. corporation that is eligible for the benefits of an income tax treaty with the United States, if such treaty provides for an exchange of information program and the United States Treasury Department has determined that the treaty is satisfactory for purposes of the legislation. The United States Treasury has determined that the Convention between the United States of America in Canada with respect to Taxes on Income and on Capital (the “Canadian Treaty) meets these requirements, and it is expected that NFI will be eligible for the benefit of the Canadian Treaty. Therefore, we believe that NFI should be a qualified foreign corporation for these purposes.

A “U.S. Holder” means a beneficial owner of the stock that, for U.S. federal income tax purposes, is (1) an individual who is a citizen or resident of the United States, (2) a corporation (or other entity taxable as a corporation for U.S. federal income tax purposes) created or organized in or under the laws of the United States or of any political subdivision thereof; (3) an estate, the income of which is subject to U.S. federal income taxation regardless of its source; or (4) a trust (i)(a) the administration over which a court within the United States can exercise primary supervision and (b) all of the substantial decisions of which one or more United States persons have the authority to control or (ii) that validly elects to be treated as a United States person for U.S. federal income tax purposes under applicable U.S. Treasury Regulations.

This discussion is not exhaustive of all possible U.S. federal income tax considerations applicable to an investment in NFI’s stock. In addition, this discussion does not address all of the tax considerations that may be relevant to certain types of investors subject to special treatment under U.S. federal income tax laws. This discussion is of a general nature only and is not intended to be legal or tax advice to any holder of the stock, and is not a substitute for careful tax planning and advice. Holders of the stock should consult their own tax advisors in determining the application to them of the U.S. federal income tax laws to their particular situations, as well as any tax consequences arising under any other U.S. federal, state, local, foreign or other tax laws from the purchase, ownership and disposition of the stock.

IRS Circular 230 Disclosure

To ensure compliance with U.S. Internal revenue service circular 230, holders of NFI stock are hereby notified that: (a) any discussion of U.S. Federal tax issues herein is not intended or written to be used or relied upon, and cannot be used or relied upon by such holders, for the purpose of avoiding penalties that may be imposed on such holders under the U.S. Internal revenue code; (b) such discussion was written in connection with the promotion or marketing (within the meaning of irs circular 230) of the stock or other matters addressed herein; and (c) each holder of the stock should seek advice based on its particular circumstances from an independent tax advisor.

MonthDividends / Common ShareRecord DatePayment Date
December0.23750December 30, 2016January 16, 2017
September0.23750September 30, 2016October 17, 2016
June0.23750June 30, 2016July 15, 2016
March0.17500March 31, 2016April 15, 2016
Canadian Disclosure

All dividends paid by the Corporation to Canadian residents on its common 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.

United States Disclosure

Certain holders of New Flyer’s common stock have requested information regarding the status of New Flyer Industries Inc. (“NFI”) as a “qualified foreign corporation” for purposes of the rules in the U.S. Internal Revenue Code of 1986, as amended, relating to reduced rates of tax applicable to dividends received from such corporations.

Under current legislation, dividend income of NFI will generally be taxed to non-corporate U.S. Holders (as defined below) at the rates applicable to long-term capital gains, provided that NFI is a “qualified foreign corporation,” the Common Share is held for a minimum holding period, and other requirements are satisfied.

A qualified foreign corporation includes a non-U.S. corporation that is eligible for the benefits of an income tax treaty with the United States, if such treaty provides for an exchange of information program and the United States Treasury Department has determined that the treaty is satisfactory for purposes of the legislation. The Unites States Treasury has determined that the Convention between the United States of America in Canada with respect to Taxes on Income and on Capital (the “Canadian Treaty) meets these requirements, and it is expected that NFI will be eligible for the benefit of the Canadian Treaty. Therefore, we believe that NFI should be a qualified foreign corporation for these purposes.

A “U.S. Holder” means a beneficial owner of the stock that, for U.S. federal income tax purposes, is (1) an individual who is a citizen or resident of the United States, (2) a corporation (or other entity taxable as a corporation for U.S. federal income tax purposes) created or organized in or under the laws of the United States or of any political subdivision thereof; (3) an estate, the income of which is subject to U.S. federal income taxation regardless of its source; or (4) a trust (i)(a) the administration over which a court within the United States can exercise primary supervision and (b) all of the substantial decisions of which one or more United States persons have the authority to control or (ii) that validly elects to be treated as a United States person for U.S. federal income tax purposes under applicable U.S. Treasury Regulations.

This discussion is not exhaustive of all possible U.S. federal income tax considerations applicable to an investment in NFI’s stock. In addition, this discussion does not address all of the tax considerations that may be relevant to certain types of investors subject to special treatment under U.S. federal income tax laws. This discussion is of a general nature only and is not intended to be legal or tax advice to any holder of the stock, and is not a substitute for careful tax planning and advice. Holders of the stock should consult their own tax advisors in determining the application to them of the U.S. federal income tax laws to their particular situations, as well as any tax consequences arising under any other U.S. federal, state, local, foreign or other tax laws from the purchase, ownership and disposition of the stock.

IRS Circular 230 Disclosure

To ensure compliance with u.S. Internal revenue service circular 230, holders of nfi stock are hereby notified that: (a) any discussion of u.S. Federal tax issues herein is not intended or written to be used or relied upon, and cannot be used or relied upon by such holders, for the purpose of avoiding penalties that may be imposed on such holders under the u.S. Internal revenue code; (b) such discussion was written in connection with the promotion or marketing (within the meaning of irs circular 230) of the stock or other matters addressed herein; and (c) each holder of the stock should seek advice based on its particular circumstances from an independent tax advisor.

MonthDividends / Common ShareRecord DatePayment Date
December0.05167December 31, 2015January 15, 2016
November0.05167November 30, 2015December 15, 2015
October0.05167October 30, 2015November 16, 2015
September0.05167September 30, 2015October 15, 2015
August0.05167August 31, 2015September 15, 2015
July0.05167July 31, 2015August 17, 2015
June0.05167June 30, 2015July 15, 2015
May0.05167May 29, 2015June 15, 2015
April0.04875April 30, 2015May 15, 2015
March0.04875March 30, 2015April 15, 2015
February0.04875February 27, 2015March 16, 2015
January0.04875January 30, 2015February 16, 2015
Canadian Disclosure

All dividends paid by the Corporation to Canadian residents on its common 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.

United States Disclosure

Certain holders of New Flyer’s common stock have requested information regarding the status of New Flyer Industries Inc. (“NFI”) as a “qualified foreign corporation” for purposes of the rules in the U.S. Internal Revenue Code of 1986, as amended, relating to reduced rates of tax applicable to dividends received from such corporations.

Under current legislation, dividend income of NFI will generally be taxed to non-corporate U.S. Holders (as defined below) at the rates applicable to long-term capital gains, provided that NFI is a “qualified foreign corporation,” the Common Share is held for a minimum holding period, and other requirements are satisfied.

A qualified foreign corporation includes a non-U.S. corporation that is eligible for the benefits of an income tax treaty with the United States, if such treaty provides for an exchange of information program and the United States Treasury Department has determined that the treaty is satisfactory for purposes of the legislation. The Unites States Treasury has determined that the Convention between the United States of America in Canada with respect to Taxes on Income and on Capital (the “Canadian Treaty) meets these requirements, and it is expected that NFI will be eligible for the benefit of the Canadian Treaty. Therefore, we believe that NFI should be a qualified foreign corporation for these purposes.

A “U.S. Holder” means a beneficial owner of the stock that, for U.S. federal income tax purposes, is (1) an individual who is a citizen or resident of the United States, (2) a corporation (or other entity taxable as a corporation for U.S. federal income tax purposes) created or organized in or under the laws of the United States or of any political subdivision thereof; (3) an estate, the income of which is subject to U.S. federal income taxation regardless of its source; or (4) a trust (i)(a) the administration over which a court within the United States can exercise primary supervision and (b) all of the substantial decisions of which one or more United States persons have the authority to control or (ii) that validly elects to be treated as a United States person for U.S. federal income tax purposes under applicable U.S. Treasury Regulations.

This discussion is not exhaustive of all possible U.S. federal income tax considerations applicable to an investment in NFI’s stock. In addition, this discussion does not address all of the tax considerations that may be relevant to certain types of investors subject to special treatment under U.S. federal income tax laws. This discussion is of a general nature only and is not intended to be legal or tax advice to any holder of the stock, and is not a substitute for careful tax planning and advice. Holders of the stock should consult their own tax advisors in determining the application to them of the U.S. federal income tax laws to their particular situations, as well as any tax consequences arising under any other U.S. federal, state, local, foreign or other tax laws from the purchase, ownership and disposition of the stock.

IRS Circular 230 Disclosure

To ensure compliance with u.S. Internal revenue service circular 230, holders of nfi stock are hereby notified that: (a) any discussion of u.S. Federal tax issues herein is not intended or written to be used or relied upon, and cannot be used or relied upon by such holders, for the purpose of avoiding penalties that may be imposed on such holders under the u.S. Internal revenue code; (b) such discussion was written in connection with the promotion or marketing (within the meaning of irs circular 230) of the stock or other matters addressed herein; and (c) each holder of the stock should seek advice based on its particular circumstances from an independent tax advisor.

MonthDividends / Common ShareRecord DatePayment Date
December0.04875December 31, 2014January 15, 2015
November0.04875November 28, 2014December 15, 2014
October0.04875October 31, 2014November 17, 2014
September0.04875September 30, 2014October 15, 2014
August0.04875August 29, 2014September 15, 2014
July0.04875July 31, 2014August 15, 2014
June0.04875June 30, 2014July 15, 2014
May0.04875May 30, 2014June 16, 2014
April0.04875April 30, 2014May 15, 2014
March0.04875March 31, 2014April 15, 2014
February0.04875February 28, 2014March 17, 2014
January0.04875January 31, 2014February 17, 2014
Canadian Disclosure

All dividends paid by the Corporation to Canadian residents on its common 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.

United States Disclosure

Certain holders of New Flyer’s common stock have requested information regarding the status of New Flyer Industries Inc. (“NFI”) as a “qualified foreign corporation” for purposes of the rules in the U.S. Internal Revenue Code of 1986, as amended, relating to reduced rates of tax applicable to dividends received from such corporations.

Under current legislation, dividend income of NFI will generally be taxed to non-corporate U.S. Holders (as defined below) at the rates applicable to long-term capital gains, provided that NFI is a “qualified foreign corporation,” the Common Share is held for a minimum holding period, and other requirements are satisfied.

A qualified foreign corporation includes a non-U.S. corporation that is eligible for the benefits of an income tax treaty with the United States, if such treaty provides for an exchange of information program and the United States Treasury Department has determined that the treaty is satisfactory for purposes of the legislation. The Unites States Treasury has determined that the Convention between the United States of America in Canada with respect to Taxes on Income and on Capital (the “Canadian Treaty) meets these requirements, and it is expected that NFI will be eligible for the benefit of the Canadian Treaty. Therefore, we believe that NFI should be a qualified foreign corporation for these purposes.

A “U.S. Holder” means a beneficial owner of the stock that, for U.S. federal income tax purposes, is (1) an individual who is a citizen or resident of the United States, (2) a corporation (or other entity taxable as a corporation for U.S. federal income tax purposes) created or organized in or under the laws of the United States or of any political subdivision thereof; (3) an estate, the income of which is subject to U.S. federal income taxation regardless of its source; or (4) a trust (i)(a) the administration over which a court within the United States can exercise primary supervision and (b) all of the substantial decisions of which one or more United States persons have the authority to control or (ii) that validly elects to be treated as a United States person for U.S. federal income tax purposes under applicable U.S. Treasury Regulations.

This discussion is not exhaustive of all possible U.S. federal income tax considerations applicable to an investment in NFI’s stock. In addition, this discussion does not address all of the tax considerations that may be relevant to certain types of investors subject to special treatment under U.S. federal income tax laws. This discussion is of a general nature only and is not intended to be legal or tax advice to any holder of the stock, and is not a substitute for careful tax planning and advice. Holders of the stock should consult their own tax advisors in determining the application to them of the U.S. federal income tax laws to their particular situations, as well as any tax consequences arising under any other U.S. federal, state, local, foreign or other tax laws from the purchase, ownership and disposition of the stock.

IRS Circular 230 Disclosure

To ensure compliance with u.S. Internal revenue service circular 230, holders of nfi stock are hereby notified that: (a) any discussion of u.S. Federal tax issues herein is not intended or written to be used or relied upon, and cannot be used or relied upon by such holders, for the purpose of avoiding penalties that may be imposed on such holders under the u.S. Internal revenue code; (b) such discussion was written in connection with the promotion or marketing (within the meaning of irs circular 230) of the stock or other matters addressed herein; and (c) each holder of the stock should seek advice based on its particular circumstances from an independent tax advisor.

MonthDividends / Common ShareRecord DatePayment Date
December0.04875December 31, 2013January 15, 2014
November0.04875November 29, 2013December 16, 2013
October0.04875October 31, 2013November 15, 2013
September0.04875September 30, 2013October 15, 2013
August0.04875August 30, 2013September 16, 2013
July0.04875July 31, 2013August 15, 2013
June0.04875June 28, 2013July 15, 2013
May0.04875May 31, 2013June 17, 2013
April0.04875April 30, 2013May 15, 2013
March0.04875March 29, 2013April 15, 2013
February0.04875February 28, 2013March 15, 2013
January0.04875January 31, 2013February 15, 2013
December0.04875December 31, 2012January 15, 2013
Canadian Disclosure

All dividends paid by the Corporation to Canadian residents on its common 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.

United States Disclosure

Certain holders of New Flyer’s common stock have requested information regarding the status of New Flyer Industries Inc. (“NFI”) as a “qualified foreign corporation” for purposes of the rules in the U.S. Internal Revenue Code of 1986, as amended, relating to reduced rates of tax applicable to dividends received from such corporations.

Under current legislation, dividend income of NFI will generally be taxed to non-corporate U.S. Holders (as defined below) at the rates applicable to long-term capital gains, provided that NFI is a “qualified foreign corporation,” the Common Share is held for a minimum holding period, and other requirements are satisfied.

A qualified foreign corporation includes a non-U.S. corporation that is eligible for the benefits of an income tax treaty with the United States, if such treaty provides for an exchange of information program and the United States Treasury Department has determined that the treaty is satisfactory for purposes of the legislation. The Unites States Treasury has determined that the Convention between the United States of America in Canada with respect to Taxes on Income and on Capital (the “Canadian Treaty) meets these requirements, and it is expected that NFI will be eligible for the benefit of the Canadian Treaty. Therefore, we believe that NFI should be a qualified foreign corporation for these purposes.

A “U.S. Holder” means a beneficial owner of the stock that, for U.S. federal income tax purposes, is (1) an individual who is a citizen or resident of the United States, (2) a corporation (or other entity taxable as a corporation for U.S. federal income tax purposes) created or organized in or under the laws of the United States or of any political subdivision thereof; (3) an estate, the income of which is subject to U.S. federal income taxation regardless of its source; or (4) a trust (i)(a) the administration over which a court within the United States can exercise primary supervision and (b) all of the substantial decisions of which one or more United States persons have the authority to control or (ii) that validly elects to be treated as a United States person for U.S. federal income tax purposes under applicable U.S. Treasury Regulations.

This discussion is not exhaustive of all possible U.S. federal income tax considerations applicable to an investment in NFI’s stock. In addition, this discussion does not address all of the tax considerations that may be relevant to certain types of investors subject to special treatment under U.S. federal income tax laws. This discussion is of a general nature only and is not intended to be legal or tax advice to any holder of the stock, and is not a substitute for careful tax planning and advice. Holders of the stock should consult their own tax advisors in determining the application to them of the U.S. federal income tax laws to their particular situations, as well as any tax consequences arising under any other U.S. federal, state, local, foreign or other tax laws from the purchase, ownership and disposition of the stock.

IRS Circular 230 Disclosure

To ensure compliance with u.S. Internal revenue service circular 230, holders of nfi stock are hereby notified that: (a) any discussion of u.S. Federal tax issues herein is not intended or written to be used or relied upon, and cannot be used or relied upon by such holders, for the purpose of avoiding penalties that may be imposed on such holders under the u.S. Internal revenue code; (b) such discussion was written in connection with the promotion or marketing (within the meaning of irs circular 230) of the stock or other matters addressed herein; and (c) each holder of the stock should seek advice based on its particular circumstances from an independent tax advisor.