RED DEER, AB, March 15 /CNW/ - Parkland Income Fund (TSX: PKI.UN) is
pleased to announce that a distribution of $0.24 per trust unit will be
payable on April 13, 2007 to unitholders of record on March 30, 2007.
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 over 550 locations,
Parkland has developed a strong market niche in western and northern Canadian
non-urban markets. Through Neufeld Petroleum and Propane 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. 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.
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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