RED DEER, AB, Jan. 13 /CNW/ - Parkland Fuel Corporation ("Parkland" or
the "Corporation") (TSX: PKI), Canada's largest independent fuel
distributer and marketer, today announced that a dividend of $0.085 per
share is to be paid on February 15, 2011 to shareholders of record on
January 21, 2011. The ex-dividend date is January 19, 2011.
Premium Dividend™ and enhanced Dividend Reinvestment Plan
The Premium Dividend™ and enhanced Dividend Reinvestment Plan of the
Corporation (the "Plan") provide Canadian shareholders with new options
to participate in the corporation's growth while maximizing value. In
addition to the option of receiving a monthly cash dividend of $0.085
per share, shareholders of the Corporation ("Shareholders") who wish to
participate in the Plan will be able to access the following new
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 February 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 either component
of the plan will still receive their regular monthly dividend of $0.085
How to Enroll
Shareholders who own their shares through a brokerage who wish to
participate in the plan should call their broker and instruct them 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 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 units 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 or email@example.com.