RED DEER, AB, Dec. 15 /CNW/ - Parkland Income Fund (TSX: PKI.UN),
Canada's largest independent fuel distributer and marketer, today
announced that a distribution of $0.105 per trust unit will be payable
on January 14, 2011 to unitholders of record on December 31, 2010.
About Parkland Income Fund
Parkland Income Fund is Canada's largest independent fuel distribution
and marketing company, delivering fuel products from regional
refineries to retail, commercial and reseller customers
coast-to-coast. Through its network of 620 retail locations, 77
commercial branches, 71 cardlock locations and through wholesale
agreements, the Fund distributes 3.4 billion litres of fuel annually,
representing 4.7% of the total Canadian fuel market (market share in
some regions of operation is higher).
Parkland currently distributes fuel to retail customers under its Fas
Gas Plus, Fas Gas and Race Trac brands as well as through distribution
agreements with 293 Esso locations. Parkland also supplies propane,
bulk fuel, heating oil, lubricants, industrial fluids and associated
services to commercial and industrial customers across Canada under the
Neufeld, United Petroleum, Columbia Fuels, Bluewave Energy, and Great
Northern Oil brands.
Parkland offers investors a balance of yield and growth. The Fund is
delivering value to unitholders by growing fuel volumes through
carefully selected acquisitions, working closely with suppliers to
achieve a material cost advantage and achieving greater efficiency
through operational excellence.
Parkland units and convertible debentures trade on the Toronto Stock
Exchange (TSX) under the symbols PKI.UN and PKI.DB. For more
information visit www.parkland.ca.
SOURCE Parkland Fuel Corporation
For further information: 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; Mike W. Chorlton, President and CEO or Ken J. Grondin, Senior Vice President and CFO at 403-357-6400 or Corpinfo@parkland.ca.