BFI Canada Ltd.
TSX : BFC

BFI Canada Ltd.

December 23, 2008 16:05 ET

BFI Canada Ltd. Announces Expected Schedule for 2009 Dividends

TORONTO, ONTARIO--(Marketwire - Dec. 23, 2008) - BFI Canada Ltd. (the "Corporation")(TSX:BFC) today announced, subject to further approval by the Corporation's Board of Directors, the expected record and payment dates for its regular and special dividends in 2009.

Expected Regular Dividend Schedule



The Corporation expects to pay regular quarterly dividends of $0.125 per
share, as follows:

---------------------------------------------------------
Record Date Payment Date Dividend Amount
---------------------------------------------------------
March 31, 2009 April 15, 2009 $ 0.125
June 30, 2009 July 15, 2009 $ 0.125
September 30, 2009 October 15, 2009 $ 0.125
December 31, 2009 January 15, 2010 $ 0.125
---------------------------------------------------------


Expected Special Dividend Schedule



The Corporation expects to pay special quarterly dividends of $0.125 per
share, only in 2009, as follows:

---------------------------------------------------------
Record Date Payment Date Dividend Amount
---------------------------------------------------------
March 31, 2009 April 15, 2009 $ 0.125
June 30, 2009 July 15, 2009 $ 0.125
September 30, 2009 October 15, 2009 $ 0.125
December 17, 2009 December 31, 2009 $ 0.125
---------------------------------------------------------


Forward-looking statements

This document may contain forward-looking statements relating to the Corporation's operations or to the environment in which it operates, which are based on the Corporation's estimates, forecasts and projections as to its future growth, results of operations, performance and business prospects and opportunities. These statements are not guarantees of future performance and involve risks and uncertainties that are difficult to predict, or are beyond the Corporation's control. A number of important factors could cause actual outcomes and results to differ materially from those expressed in these forward-looking statements. These factors include those set forth in the Annual Information Form of BFI Canada Income Fund, the predecessor of the Corporation, for the period ended December 31, 2007. Consequently, readers should not rely on such forward-looking statements. In addition, these forward-looking statements relate to the date on which they are made. Although the forward-looking statements contained herein are based upon what management believes to be reasonable assumptions, the Corporation cannot assure shareholders that actual results will be consistent with these forward looking statements, and the Corporation disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by applicable securities laws.

The Board of Directors evaluates whether to declare a dividend based on, among other factors, the Corporation's business prospects, financial condition, earnings projections and cash flow projections. The Corporation's obligation to pay a dividend does not arise unless and until the dividend is declared by the Board of Directors and any conditions attached to such declaration have been satisfied.

About BFI Canada Ltd.

BFI Canada Ltd., through its subsidiaries, is one of North America's largest full-service waste management companies, providing non-hazardous solid waste collection and landfill disposal services for commercial, industrial, municipal and residential customers in five provinces and ten U.S. states. Its two brands, IESI and BFI Canada, are leaders in their respective markets and serve over 1.8 million customers with vertically integrated collection and disposal assets. The Corporation's shares are listed on the Toronto Stock Exchange under the symbol BFC.

To find out more about BFI Canada Ltd. (TSX:BFC), visit our website at www.bficanada.com.

Contact Information