RED DEER, AB, May 11 /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 June 15, 2011 to shareholders of record on May
20, 2011. The ex-dividend date is May 18, 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 May 18, 2011 ex-dividend
date if they wish to participate in the Plan for the April dividend.
Brokerage entitlement departments are encouraged to double check prior
to the May 18, 2011 ex-dividend date that they have properly elected
with Clearing and Depository Services Inc. ("CDS") those shares that
should participate in each component of the plan.
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 June 15, 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: Fas Gas Plus, Race Trac Gas,
Bluewave Energy, Columbia Fuels, Great Northern Oil, Neufeld Petroleum
& Propane, United Petroleum Products and Island Petroleum. 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 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.