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Shareholder Information

ANALYST COVERAGE

Please note that any opinions, estimates or forecasts regarding TFI International’s performance made by these analysts are theirs alone and do not represent opinions, forecasts or predictions of TFI International or its management.

Firm
Analyst
Phone
Bank of America
Ken Hoexter
646 855-1498
BMO Capital Markets
Fadi Chamoun
416 359-6775
CIBC World Markets
Kevin Chiang
416 594-7198
Cormark Securities
David Ocampo
416 943-4232
Cowen and Company
Jason H. Seidl
646 562-1404
Credit Suisse
Allison M. Landry
212 325-3716
Desjardins Securities
Benoit Poirier
514 281-8653
Goldman Sachs
Jordan Alliger
212 357-4913
JP Morgan
Brian Ossenbeck
212 622-1023
Laurentian Bank Securities
Mona Nazir
514 350-2964
Morgan Stanley
Ravi Shanker
212 761-6350
National Bank Financial
Cameron Doerksen
514 879-2579
RBC Capital Markets
Walter Spracklin
416 842-7877
Scotia Capital
Konark Gupta
416 865-6337
Stephens
Jack Atkins
501 377-2298
Stifel
David G. Ross
786 257-2413
TD Securities
Tim James
416 308-9773
UBS
Thomas Wadewitz
212 713-6116
Veritas Investment Research
Dan Fong
416 866-8783
Wolfe Research
Scott Group
646 845-0721

TFI International invites those people considering an investment in the Company to consult with an independent, professional advisor before making such a decision.

DIVIDEND PAYMENTS

The following lists the most recent dividends declared by TFI International’s Board of Directors on the Company’s common shares.

The dividend declared for payment on April 15th, 2021 will be issued in U.S. currency. Accordingly, any Canadian shareholder whose name appears in the shareholders' register on the record date of the said payment may elect to receive their payment in equivalent CAD currency converted at the Bank of Canada exchange rate in effect on the record date.

Canadian shareholders of record will receive an election form to return accordingly. If no election is made, payment of this and all future dividends will be in U.S. currency. Any elections to receive dividends in equivalent Canadian currency shall be deemed permanent unless shareholders advise otherwise at least 30 days prior to future record dates.

Record Date
Payment Date
Dividend (per share)
March 31, 2021
April 15, 2021
US $0.23
December 31, 2020
January 15, 2021
CAD $0.29
September 30, 2020
October 15, 2020
CAD $0.26
June 30, 2020
July 15, 2020
CAD $0.26
March 31, 2020
April 15, 2020
CAD $0.26
December 31, 2019
January 15, 2020
CAD $0.26
September 30, 2019
October 15, 2019
CAD $0.24
June 28, 2019
July 15, 2019
CAD $0.24
March 29, 2019
April 15, 2019
CAD $0.24
December 31, 2018
January 15, 2019
CAD $0.24
September 28, 2018
October 15, 2018
CAD $0.21
June 29, 2018
July 16, 2018
CAD $0.21
March 29, 2018
April 16, 2018
CAD $0.21
December 29, 2017
January 15, 2018
CAD $0.21
September 30, 2017
October 16, 2017
CAD $0.19
June 30, 2017
July 17, 2017
CAD $0.19
March 31, 2017
April 17, 2017
CAD $0.19
December 30, 2016
January 16, 2017
CAD $0.19

All dividends declared and paid by TFI International Inc. are eligible dividends pursuant to subsection 89(14) of the Income Tax Act (Canada) and any applicable provincial legislation pertaining to eligible dividends, unless indicated otherwise. Following several acquisitions, some dividends paid were not designated as eligible dividends as they were derived from earnings of acquired companies that were taxed at lower rates. The following table provides the most recent quarterly dividends per share paid including a non-eligible portion:

Payment Date
Eligible Dividend
Non-Eligible Dividend
Total Dividend
January 15, 2021
CAD $0.230165
CAD $0.059835
CAD $0.29
January 15, 2020
CAD $0.228081
CAD $0.031919
CAD $0.26
January 15, 2019
CAD $0.229808
CAD $0.010192
CAD $0.24
January 16, 2017
CAD $0.168254
CAD $0.021746
CAD $0.19
AUDITOR & TRANSFER AGENT
Auditor
Transfer Agent and Registrar
KPMG LLP
600 De Maisonneuve Blvd W.
Montreal, QC
H3A 3J2

For any questions concerning changes to share registration, changes of address, distributions (if any), lost share certificates, the transfer of estates, or to advise of correspondence that has been sent in duplicate, shareholders are asked to contact the TFI International Inc. transfer agent:

Computershare Trust Company of Canada
100 University Avenue, 8th Floor
Toronto, Ontario M5J 2Y1

Canada and the United States
Telephone: 1 800 564-6253
Fax: 1 888 453-0330

International
Telephone: 514 982-7800
Fax: 416 263-9394

Computershare Trust Company, N.A.
Co-Transfer Agent (U.S.)