Press release from CNW Group
Parkland Fuel Corporation Announces January 2011 Dividend
Thursday, January 13, 2011
Parkland Fuel Corporation Announces January 2011 Dividend08:30 EST Thursday, January 13, 2011RED DEER, AB, Jan. 13 /CNW/ - Parkland Fuel Corporation ("Parkland" or the "Corporation") (TSX: PKI), Canada's largest independent fuel distributer and marketer, today announced that a dividend of $0.085 per share is to be paid on February 15, 2011 to shareholders of record on January 21, 2011. The ex-dividend date is January 19, 2011. Premium Dividend™ and enhanced Dividend Reinvestment Plan The Premium Dividend™ and enhanced Dividend Reinvestment Plan of the Corporation (the "Plan") provide Canadian shareholders with new options to participate in the corporation's growth while maximizing value. In addition to the option of receiving a monthly cash dividend of $0.085 per share, shareholders of the Corporation ("Shareholders") who wish to participate in the Plan will be able to access the following new options:The Premium Dividend™ -this provides eligible Shareholders with a 2% cash premium on top of their regular cash dividend. Participants in this option will receive $0.0867 per share on February 15, 2011.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 either component of the plan will still receive their regular monthly dividend of $0.085 per share. How to EnrollShareholders who own their shares through a brokerage who wish to participate in the plan should call their broker and instruct them to enroll their shares in one of the two options. Be aware that some brokerages may charge fees for enrolment, so please ask about related fees when speaking with your broker.Shareholders who hold certificates in their own name (registered Shareholders) who wish to enroll can find out more from Valiant Trust Company, as the Plan's Agent, through their website at www.valianttrust.com or by calling 1-866-313-1872.Additional information can also be found at:http://www.parkland.ca/internet/investor-relations/about-pki-units/drip.htmlAlternatively, please contact Parkland Investor Relations using the information below.About Parkland Fuel CorporationParkland Fuel Corporation ("Parkland") is Canada's largest independent marketer and distributer of fuels, managing a nationwide network of sales channels for retail, commercial, wholesale and home heating fuel customers. Parkland's mission is to be the most trusted source of convenience for fuel and related products focused on non-urban markets. Our family of brands includes: Bluewave Energy, Columbia Fuels, Great Northern Oil, Neufeld Petroleum & Propane, United Petroleum Products, Island Petroleum, Fas Gas Plus and Race Trac Gas. We are Canada's local fuel company, delivering competitive fuel products and serving Canadian communities through local operators who care. For more information please visit www.parkland.ca.Parkland units and convertible debentures trade on the Toronto Stock Exchange (TSX) under the symbols PKI, PKI.DB and PKI.DB.A. 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 at 403-356-6722 or email@example.com.