Parkland Income Fund Announces Its Intention To Pay Special Distribution As A Combination Of Cash And Fund Units



    RED DEER, AB, Jan. 7 /CNW/ - Parkland Income Fund (TSX: PKI.UN)
previously announced that a special distribution of $0.77 per Fund unit would
be paid in cash or a combination of cash and Fund units on January 15, 2008 to
unitholders of record on December 31, 2007. The Board of Directors has
determined the payment will be made in a combination of cash and Fund units.
The cash payments will total $0.35 per Fund unit while the unit payments will
total $0.42 per Fund unit. The number of Fund units was established with
reference to the 10 day weighted average trading price as at date of record
December 31, 2007 which was $16.05 per unit. Consequently, the Fund unit
portion of the special distribution will be 0.02617 Fund units per Fund unit
owned on the date of record. No fractional Fund units will be issued. A cash
payment will be made for the fractional amounts. The special payments will
apply equally to Parkland's Fund Units and Class B and Class C Limited
Partnership units.

    Parkland Income Fund operates retail and wholesale fuels and convenience
store businesses under its Fas Gas Plus, Fas Gas, Race Trac Fuels and Short
Stop Food Stores brands and through independent branded dealers, and
transports fuel through its Petrohaul division. With approximately 550
locations, Parkland has developed a strong market niche in western and
northern Canadian non-urban markets. Through Neufeld and Joy the Fund markets
propane, gasoline, diesel, lubricants, industrial fluids, agricultural inputs
and delivery services to commercial and industrial customers in northern
Alberta, northeastern British Columbia and the Northwest Territories. Through
United Petroleum the Fund markets wholesale and commercial fuels and
lubricants throughout southern British Columbia. To maximize value for its
unitholders, the Fund is focused on the continuous refinement of its retail
portfolio, increased revenue diversification through growth in non-fuel
revenues and active supply chain management. Parkland operates the Bowden
refinery near Red Deer, Alberta producing drilling fluids on a contract basis.

    The Fund's units trade on the Toronto Stock Exchange (TSX) under the
symbol PKI.UN. For more information, visit www.parkland.ca.

    If you prefer to receive Company news releases via e-mail, please request
at corpinfo@parkland.ca.




For further information:

For further information: Parkland Industries Ltd., Administrator of
Parkland Income Fund: Red Deer: Mike W. Chorlton, President and CEO, (403)
357-6400; John G. Schroeder, Vice President and CFO, (403) 357-6400

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Parkland Fuel Corporation

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