Parkland Fuel Corporation (“Parkland”) (TSX:PKI), Canada's largest and
one of North America's fastest growing independent marketers of fuel and
petroleum products, today announced that a dividend of $0.0962 per share
will be paid on August 15, 2017 to shareholders of record on July 21,
2017. The dividend will be an 'eligible dividend' for Canadian income
tax purposes. The ex-dividend date is July 19, 2017.
Shareholders who wish to enroll for the first time in the enhanced
Dividend Reinvestment Plan must do so prior to the July 19, 2017
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 July 20, 2017, the business day
prior to the record date.
ENHANCED DIVIDEND REINVESTMENT PLAN
In addition to the option of receiving a monthly cash dividend of
$0.0962 per share, the enhanced Dividend Reinvestment Plan 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 enhanced
Dividend Reinvestment Plan will still receive their regular monthly
dividend of $0.0962 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 Computershare by
calling 1-800-564-6253. Copies of the Plan, a series of questions and
answers and the enrollment form are also available on Parkland's website
at http://bit.ly/PKIdividend.
ABOUT PARKLAND FUEL CORPORATION
Parkland delivers gasoline, diesel, propane, lubricants, heating oil and
other high-quality petroleum products to motorists, businesses,
households and wholesale customers in Canada and the United States. Our
mission is to be the partner of choice for our customers and suppliers,
and we do this by building lasting relationships through outstanding
service, reliability, safety and professionalism.
We are unique in our ability to provide customers with dependable access
to fuel and petroleum products, utilizing a portfolio of supply
relationships, storage infrastructure, and third party rail and highway
carriers to rapidly respond to supply disruptions in order to protect
our customers.
To sign up for Parkland news alerts, please go to https://goo.gl/mNY2zj or
visit www.parkland.ca.
View source version on businesswire.com: http://www.businesswire.com/news/home/20170712006332/en/
Copyright Business Wire 2017
Source: Business Wire
(July 12, 2017 - 5:19 PM EDT)
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