MONTREAL, QUEBEC–(Marketwired – Dec. 15, 2016) – The Board of Directors of TransForce Inc. (TSX:TFI)(OTCQX:TFIFF), a North American leader in the transportation and logistics industry, declared a quarterly dividend of $0.19 per outstanding common share of its capital payable on January 16, 2016 to shareholders of record at the close of business on December 30, 2016.
A portion of dividends paid will not be eligible dividends as they come from earnings of acquired companies that were taxed at lower rates. Therefore, 11.4% (approximately $0.022 per share) of the current dividend will not be designated as an eligible dividend while the balance of 88.6% (approximately $0.168 per share) will be designated as an eligible dividend pursuant to subsection 89(14) of the Income Tax Act (Canada) and any applicable provincial legislation pertaining to eligible dividends.
ABOUT TRANSFORCE
TransForce Inc. is a North American leader in the transportation and logistics industry, operating across Canada and the United States through its subsidiaries. TransForce creates value for shareholders by identifying strategic acquisitions and managing a growing network of wholly-owned operating subsidiaries. Under the TransForce umbrella, companies benefit from financial and operational resources to build their businesses and increase their efficiency. TransForce companies service the following segments:
- Package and Courier;
- Less-Than-Truckload;
- Truckload;
- Logistics.
TransForce Inc. is publicly traded on the Toronto Stock Exchange (TSX:TFI) and the OTCQX marketplace in the U.S. (OTCQX:TFIFF). For more information, visit http://www.transforcecompany.com.
Alain Bedard
Chairman, President and CEO
TransForce Inc.
(647) 729-4079
abedard@transforcecompany.com
Media:
Rick Leckner
MaisonBrison Communications
(514) 731-0000
rickl@maisonbrison.com