TransForce Inc.
TSX : TFI
OTCQX : TFIFF

TransForce Inc.

March 16, 2015 08:30 ET

TransForce Declares Quarterly Dividend

MONTREAL, QUEBEC--(Marketwired - March 16, 2015) - 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 $0.17 per outstanding common share of its capital payable on April 15, 2015 to shareholders of record at the close of business on March 31, 2015.

Exceptionally, a portion of dividends paid in 2015 will not be eligible dividends as they come from earnings of acquired companies that were taxed at lower rates. Therefore, 60% (approximately $0.10 per share) of the current dividend 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 corporate 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;
  • Waste Management;
  • Logistics and Other Services.

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.

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