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BFI Canada Ltd.: BFI Canada Ltd. Announces Quarterly Cash Dividends

^{Published on 2009-03-20 10:05:30, Last Modified on 2009-03-20 10:06:28 - Market Wire}
 

TORONTO, ONTARIO--(Marketwire - March 20, 2009) - BFI Canada Ltd. (the "Corporation") (TSX:BFC) today has declared a regular cash dividend of C$0.125 per share, payable on April 15, 2009, to the shareholders of record as of March 31, 2009.

The Corporation has also declared a special cash dividend of C$0.125 per share, payable on April 15, 2009, to the shareholders of record as of March 31, 2009.

The Corporation advises that the above referenced dividends are eligible dividends for the purposes of the Income Tax Act (Canada), and any similar provincial tax legislation.

Forward-looking statements

This document may contain forward-looking statements relating to the operations of the Corporation or to the environment in which it operates, which are based on estimates, forecasts and projections. Forward-looking information is not a guarantee of future performance and involves risks and uncertainties that are difficult to predict, or are beyond management's control. A number of factors could cause actual outcomes and results to differ materially from those estimated, forecast or projected. These factors include those set forth in the Annual Information Form ("AIF") for BFI Canada Income Fund (the "Fund"), the Corporation's predecessor, for the year ended December 31, 2007, the Fund's Management Information Circular dated August 26, 2008, and those made in the "Risks and Uncertainties" and "Outlook" sections of Management's Discussion and Analysis of the financial condition and results of operations of the Corporation as at and for the year ended December 31, 2008. 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 information contained herein is based on what management believes to be reasonable assumptions, users are cautioned that actual results may differ. Management disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as may be required under applicable securities laws.

About BFI Canada Ltd.

The Corporation, through its operating subsidiaries, is one of North America's largest full-service waste management companies, providing non-hazardous solid waste ("waste") collection and disposal services to commercial, industrial, municipal and residential customers in five Canadian provinces and ten states in the United States ("U.S."). The Corporation provides service to over 1.8 million customers with vertically integrated collection and disposal assets. The Corporation's Canadian segment operates under the BFI Canada brand and is Canada's second largest full-service waste management company providing vertically integrated waste collection and disposal services in the provinces of British Columbia, Alberta, Manitoba, Ontario, and Quebec. This segment provides service to 20 Canadian markets and operates five landfills, four transfer collection stations, seven material recovery facilities ("MRFs"), and one landfill gas to energy facility. The Corporation's U.S. south and northeast segments, collectively the U.S. segment or U.S. segments, operate under the IESI brand and provide vertically integrated waste collection and disposal services in two geographic regions: the south, consisting of various service areas in Texas, Louisiana, Oklahoma, Arkansas, Mississippi, and Missouri, and the northeast, consisting of various service areas in New York, New Jersey, Pennsylvania, Maryland, and the District of Columbia. This segment provides service to 40 U.S. markets and operates 17 landfills, 29 transfer collection stations, 11 MRFs, and one transportation operation. The Corporation's shares are listed on the Toronto Stock Exchange under the symbol BFC. For more information on BFI Canada Ltd., visit [ www.bficanada.com ].