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Parkland Fuel Corporation Announces December 2012 Dividend

RED DEER, AB, Dec. 12, 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 January 15, 2013 to shareholders of record on December 21, 2012.   The dividend will be an 'eligible dividend' for Canadian income tax purposes.  The ex-dividend date is December 19, 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 December 19, 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 December 20, 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:

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