RED DEER, AB, April 6 /CNW/ - Parkland Fuel Corporation ("Parkland" or
the "Corporation") (TSX: PKI), Canada's largest independent fuel
distributor and marketer, today announced that a dividend of $0.085 per
share will be paid on May 13, 2011 to shareholders of record on April
25, 2011. The ex-dividend date is April 20, 2011.
Shareholders who wish to enroll for the first time in the Premium
Dividend™ and enhanced Dividend Reinvestment Plan must submit their
enrollment forms to Valiant Trust prior to the April 20, 2011
ex-dividend date if they wish to participate in the Plan for the April
dividend. For shareholders that are already enrolled no further action
Premium Dividend™ and enhanced Dividend Reinvestment Plan
In addition to the option of receiving a monthly cash dividend of $0.085
per share, the Premium Dividend™ and enhanced Dividend Reinvestment
Plan provide Canadian shareholders with the following options:
The Premium Dividend™ - this provides eligible shareholders with a 2%
cash premium on top of their regular cash dividend. Participants in
this option will receive $0.0867 per share on May 13, 2011.
Dividend Reinvestment - this allows shareholders to repurchase shares
with their dividend at a 5% discount to the volume weighted average
price as defined by the Plan.
Those shareholders who do not elect to participate in the Premium
Dividend™ and enhanced Dividend Reinvestment Plan will still receive
their regular monthly dividend of $0.085 per share.
Many brokerages have already enrolled their clients in the Premium
Dividend™. Shareholders who own their shares through a brokerage and
who wish to participate in either component of the Plan should call
their broker to check if they are already enrolled and, if not,
instruct their brokers to enroll their shares in one of the two
options. Be aware that some brokerages may charge fees for enrolment,
so please ask about related fees when speaking with your broker.
Shareholders who hold certificates in their own name (registered
shareholders) who wish to enroll can find out more from Valiant Trust
Company, as the Plan's Agent, through their website at www.valianttrust.com or by calling 1-866-313-1872.
Additional information can also be found at:
Alternatively, please contact Parkland Investor Relations by using the
About Parkland Fuel Corporation
Parkland Fuel Corporation ("Parkland") is Canada's largest independent
marketer and distributer of fuels, managing a nationwide network of
sales channels for retail, commercial, wholesale and home heating fuel
customers. Parkland's mission is to be the most trusted source of
convenience for fuel and related products focused on non-urban
markets. Our family of brands includes: Bluewave Energy, Columbia
Fuels, Great Northern Oil, Neufeld Petroleum & Propane, United
Petroleum Products, Island Petroleum, Fas Gas Plus and Race Trac Gas.
We are Canada's local fuel company, delivering competitive fuel
products and serving Canadian communities through local operators who
care. For more information please visit www.parkland.ca.
Parkland common shares and convertible debentures trade on the Toronto
Stock Exchange (TSX) under the symbols PKI, PKI.DB and PKI.DB.A.
SOURCE Parkland Fuel Corporation
For further information:
For investor and media inquiries, or to be added to the email news alert service, please contact Tom McMillan, Investor Relations Manager at 403-356-6722, 1-800-662-7177 ext 6722 or email@example.com.