Mr. Brad Monaco reports
PARKLAND FUEL CORPORATION ANNOUNCES JULY 2019 DIVIDEND
Parkland Fuel Corp. will pay a dividend of 9.95 cents per share on Aug. 15, 2019, to shareholders of record on July 22, 2019. The dividend will be an eligible dividend for Canadian income tax purposes. The ex dividend date is July 19, 2019.
Enhanced dividend reinvestment plan
Parkland's enhanced dividend reinvestment plan (enhanced DRIP) allows shareholders to reinvest their cash dividends to purchase additional Parkland shares from treasury at a 5-per-cent per-share discount to the daily volume-weighted-average trading price on the applicable dividend payment date.
Shareholders who wish to enroll in the enhanced DRIP must do so prior to the July 19, 2019, ex dividend date to reinvest this month's dividend in Parkland shares at a discount.
Use of funds
The enhanced DRIP allows Parkland to retain amounts that would otherwise be paid to shareholders as dividends in cash, thereby incrementally raising equity capital, which may be used by Parkland to, among other things, finance its capital program, finance acquisitions, build new locations and upgrade existing locations, all of which help contribute to Parkland's growth and ability to execute on its strategy.
Shareholders who own their shares through a brokerage and who wish to participate in the enhanced DRIP should ensure they are enrolled by checking their on-line brokerage portal or by calling their investment adviser.
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 and the enrolment form are also available on Parkland's website.
For investors previously enrolled in the premium dividend component of Parkland's dividend reinvestment plan, please note this program ended in April, 2016, and without further action, you are now likely receiving the regular 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 the enhanced dividend reinvestment plan.
About Parkland Fuel Corp.
Parkland is an independent supplier and marketer of fuel and petroleum products and a leading convenience store operator. Parkland services customers across Canada, the United States, the Caribbean region and the Americas through three channels: retail, commercial and wholesale. Parkland optimizes its fuel supply across these three channels by operating and leveraging a growing portfolio of supply relationships and storage infrastructure. Parkland provides trusted and locally relevant fuel brands and convenience store offerings in the communities it serves.
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