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 $0.0945 per share
will be paid on December 15, 2016 to shareholders of record on November
22, 2016. The dividend will be an 'eligible dividend' for Canadian
income tax purposes. The ex-dividend date is November 18, 2016.
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Shareholders who wish to enroll for the first time in the enhanced
Dividend Reinvestment Plan must do so prior to the November 18, 2016
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 November 21, 2016, the business day
prior to the record date.
ENHANCED DIVIDEND REINVESTMENT PLAN
In addition to the
option of receiving a monthly cash dividend of $0.0945 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 $0.0945 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 http://bit.ly/PKI-Alert
or visit www.parkland.ca.
View source version on businesswire.com: http://www.businesswire.com/news/home/20161111005783/en/
Copyright Business Wire 2016
Source: Business Wire
(November 11, 2016 - 2:26 PM EST)
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