New Flyer Announces Closing of First Tranche of Marcopolo S.A. Strategic Investment in the Company and Announces February

New Flyer Announces Closing of First Tranche of Marcopolo S.A. Strategic 
Investment in the Company and Announces February Dividend 
WINNIPEG, Feb. 15, 2013 /CNW/ - (TSX:NFI, TSX:NFI.DB.U) New Flyer Industries 
Inc. ("New Flyer" or the "Company") announced today the closing of the first 
tranche of the previously announced (January 23, 2013) strategic investment of 
C$116 million by Marcopolo S.A. to acquire 19.99% of New Flyer. 
The initial tranche of 4,925,530 common shares, representing a 9.99% stake in 
the Company, were issued to a wholly-owned subsidiary of Marcopolo S.A., for 
aggregate consideration of approximately C$51.7 million. The remainder of the 
shares will be issued to Marcopolo in a single additional tranche over the 
next 12 months as determined by New Flyer based on its investment and 
financing needs and in certain other circumstances. 
The Company also 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 February 28, 2013. The dividend will be payable on 
March 15, 2013. New Flyer has paid dividends to shareholders for 88 
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 legislation 
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; 
Brampton, ON; Erlanger, KY and Fresno, CA. The Company also operates a New 
Product Development center in Winnipeg, MB and a service center in Arnprior, 
ON. 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, natural gas, electric trolley 
as well as energy-efficient diesel-electric hybrid and now all-electric 
battery 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 New Flyer are traded on 
the Toronto Stock Exchange under the symbols NFI and NFI.DB.U, respectively. 
Forward-Looking Statements 
This press release may contain forward-looking statements relating to expected 
future events, including the timing, and completion, of the second tranche of 
the investment by Marcopolo. Although the forward-looking statements contained 
in this press release are based upon what management believes to be reasonable 
assumptions, investors cannot be assured that actual results will be 
consistent with these forward-looking statements, and the differences may be 
material. Actual results may differ materially from management expectations as 
projected in such forward-looking statements for a variety of reasons, 
including the completion of the second tranche of the investment by Marcopolo, 
risks related to acquisitions, joint ventures and other strategic 
relationships with third parties, market and general economic conditions and 
economic conditions of and funding availability for customers to purchase 
buses and to purchase parts or services, customers may not exercise options to 
purchase additional buses, the ability of customers to terminate contracts for 
convenience, 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 discussed in the materials 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. 
Glenn Asham Chief Financial Officer Ph: (204) 224-1251 
SOURCE: New Flyer Industries Inc. 
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CO: New Flyer Industries Inc.
ST: Manitoba
NI: TRN DIV  
-0- Feb/15/2013 21:50 GMT
 
 
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