RED DEER, AB, Feb. 13, 2012 /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 March 15, 2012 to
shareholders of record on February 23, 2012. The dividend will be an
'eligible dividend' for Canadian income tax purposes. The ex-dividend
date is February 21, 2012.
Shareholders who wish to enroll for the first time in the Premium
Dividend™ or enhanced Dividend Reinvestment Plan must do so prior to
the February 21, 2012 ex-dividend date if they wish to participate in
the Plan for this month's dividend.
Brokerage entitlement and corporate actions departments are encouraged
to ensure that they have properly elected with Clearing and Depository
Services Inc. ("CDS") those shares that should participate in each
component of the Plan no later than February 22, 2012, the business day
prior to the record date.
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 in addition to their regular cash dividend. Participants
in this option will receive $0.0867 per share on the dividend payment
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.
Shareholders who own their shares through a brokerage and who wish to
participate in either component of the Plan should call their broker
and instruct them to enroll their shares in one of the two options.
Shareholders who hold certificates in their own name (registered
shareholders) who wish to enroll can find out more from the Valiant
Trust Company 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 is Canada's largest independent marketer and
distributor of petroleum products, managing a nationwide network of
sales channels. We are Canada's local fuel company, delivering
gasoline, diesel fuel, lubricants, heating oil and other products to
businesses, consumers and wholesale customers by community based
operators who care.
SOURCE Parkland Fuel Corporation
For further information:
For investor and media inquiries please contact Tom McMillan, Director of Corporate Communications at email@example.com or 1-800-662-7177 ext 2533.