RED DEER, AB, March 13, 2013 /CNW/ - Parkland Fuel Corporation ("Parkland" or
the "Corporation") (TSX: PKI), Canada's largest independent fuel distributor
and marketer, today announced that a dividend of $0.0867 per share will be
paid on April 15, 2013 to shareholders of record on March 22, 2013.The
dividend will be an 'eligible dividend' for Canadian income tax purposes.
The ex-dividend date is March 20, 2013.
Shareholders who wish to enroll for the first time in the Premium Dividend™
or enhanced Dividend Reinvestment Plan must do so prior to the March 20, 2013
ex-dividend date if they wish to participate in the Plan for this month's
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 March 21, 2013, 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 $0.0867 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 $0.0884 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 $0.0867 per share.
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:
Alternatively, please contact Parkland Investor Relations by using the
About Parkland Fuel Corporation
Parkland Fuel Corporation is Canada's largest independent marketer and
distributor of fuel products, managing a nationwide network of sales channels.
We are Canada's local fuel company, delivering gasoline, diesel fuel, propane,
lubricants, heating oil and other products to businesses, consumers and
wholesale customers through community based operators who care.
For investor and media inquiries please contact Tom McMillan, Director of
Corporate Communications at 1-800-662-7177 ext. 2533
orhttp://bit.ly/PKIContact. To sign up for Parkland's investor information
services, please go tohttp://bit.ly/PKI-Info or visitwww.parkland.ca.
SOURCE: Parkland Fuel Corporation
To view this news release in HTML formatting, please use the following URL:
CO: Parkland Fuel Corporation
NI: RET OIL DIV
-0- Mar/13/2013 18:17 GMT
Press spacebar to pause and continue. Press esc to stop.