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Parkland Fuel Corporation Announces November 2012 Dividend


RED DEER, AB, Nov. 13, 2012 /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 December 14, 2012 to shareholders of record on November 22, 2012.   The dividend will be an 'eligible dividend' for Canadian income tax purposes.  The ex-dividend date is November 20, 2012.

Shareholders who wish to enroll for the first time in the Premium Dividend™ or enhanced Dividend Reinvestment Plan must do so prior to the November 20, 2012 ex-dividend date if they wish to participate in the Plan for this month's dividend.

Brokerage entitlement and corporate actions departments are encouraged to ensure that they have properly elected with Clearing and Depository Services Inc. ("CDS") those shares that should participate in each component of the Plan no later than November 21, 2012, the business day prior to the record date.

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 in addition to their
        regular cash dividend.  Participants in this option will
        receive $0.0867 per share on the dividend payment date.
    --  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.

Enrolling
Shareholders who own their shares through a brokerage and who wish to 
participate in either component of the Plan should call their broker and 
instruct them to enroll their shares in one of the two options.

Shareholders who hold certificates in their own name (registered shareholders) 
who wish to enroll can find out more from the Valiant Trust Company website at 
www.valianttrust.com or by calling 1-866-313-1872.

Additional information can also be found at:

www.parkland.ca/Investors/Dividends/PremiumDividend.aspx

Alternatively, please contact Parkland Investor Relations by using the 
information below.

About Parkland Fuel Corporation
Parkland Fuel Corporation is Canada's largest independent marketer and 
distributor of petroleum products, managing a nationwide network of sales 
channels. We are Canada's local fuel company, delivering gasoline, diesel 
fuel, lubricants, heating oil and other products to businesses, consumers and 
wholesale customers by community based operators who care.

For investor and media inquiries please contact Tom McMillan, Director  of 
Corporate Communications at tom.mcmillan@parkland.ca or 1-800-662-7177 ext 
2533.

SOURCE: Parkland Fuel Corporation

To view this news release in HTML formatting, please use the following URL: 
http://www.newswire.ca/en/releases/archive/November2012/13/c7701.html

CO: Parkland Fuel Corporation
ST: Alberta
NI: RET DIV 

-0- Nov/13/2012 21:53 GMT

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