Press release from CNW Group
Parkland Income Fund Declares Distribution Payment
Wednesday, December 15, 2010
Parkland Income Fund Declares Distribution Payment16:48 EST Wednesday, December 15, 2010RED 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 FundParkland 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.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.