Why invest in TFI International?
TFI International builds shareholder value through the strategic acquisition of successful companies. TFI International’s growth strategy is to acquire well-managed companies that are leaders in their market. We generally retain existing management and provide them with the requisite tools and support to excel. Our strategy is focused, disciplined, highly developed and proven.
Businesses under consideration must meet strict standards and be accretive for shareholders in the near term. They must have demonstrable value in expanding our portfolio of companies by increasing our geographic reach, by providing complementary services, or by improving market penetration. Our preference is to acquire asset-light operations.
Smart, strategic acquisitions have been the key to the growth of TFI International. These additions have grown our businesses, increased density, enhanced our capability to serve a large variety of customers, and provided new platforms for further growth.
By executing our strategy, TFI International will continue to grow, lead the consolidation of the highly fragmented transportation and logistics industry and deliver value to shareholders.
What are TFI International’s acquisition criteria?
Businesses under consideration are held to rigorous standards. They must demonstrate the ability to add near-term shareholder value, increase our geographic reach, provide complementary services, or improve market penetration. Preference is for an asset-light model.
What is TFI International’s dividend policy?
TFI International adopted a Dividend Policy (the « Policy ») whereby approximately 20-25% of TFI International’s annualized free cash flow available would be distributed every year as dividends to shareholders on a quarterly basis. The Board of Directors (the « Board ») has determined that this level of distribution would allow TFI International to maintain sufficient financial resources and flexibility to execute its operating and disciplined acquisition strategies, while providing an adequate return on shareholder’s capital. The Board may also, at its discretion and at any time, change the amount of dividends distributed and/or elect not to distribute a dividend, whether as a result of a one-time decision or a change in the Policy. The current quarterly dividend, in effect since January 2018, is $0.21 per share.
Does TFI International offer a Dividend Reinvestment Plan?
Not at the present time.
Are TFI International shares RRSP eligible?
How do I obtain information about my account and/or how do I sell/transfer ownership of my shares?
If you are a registered shareholder, meaning you have a share certificate in your possession, you should contact Computershare Trust Company of Canada for information pertaining to your account.
If you are a beneficial shareholder, meaning you do not have a share certificate in your possession and your holdings are kept in the name of a nominee such as a trustee, financial institution or securities dealer, you should contact the nominee for information pertaining to your account.
Whether you are a registered or beneficial shareholder you must contact a nominee such as a trustee, financial institution or securities dealer to sell or transfer your shares.
If my TFI International share certificate is lost, stolen or destroyed, how can I replace it?
If your TFI International share certificate has been lost, stolen or destroyed, you should contact Computershare Trust Company of Canada to inform them of the loss. A representative from the Shareholder Service department will send you the necessary documentation to arrange for the issuance of a replacement certificate. You will also be required to pay an indemnity bond premium fee, which is equal to 3% of the market value of the shares represented by your lost certificate(s)