Parkland Fuel Corporation Announces March 2018 Dividend

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CALGARY, Alberta, March 13, 2018 (GLOBE NEWSWIRE) -- Parkland Fuel Corporation (“Parkland”) (TSX:PKI), North America's fastest growing independent marketer of fuel and petroleum products, today announced that a dividend of $0.0978 per share will be paid on April 13, 2018 to shareholders of record on March 22, 2018. This dividend amount represents the annualized common share dividend increase of two cents per share, previously press released on March 1, 2018. The dividend will be an 'eligible dividend' for Canadian income tax purposes. The ex-dividend date is March 21, 2018.

Shareholders who wish to enroll in the Enhanced DRIP must do so prior to the March 21, 2018 ex-dividend date to reinvest this month’s dividend in Parkland shares at a discount.

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 enrollment form are also available on Parkland's website at .

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.

These forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking statements. No assurance can be given that these expectations will prove to be correct and such forward-looking statements included in this news release should not be unduly relied upon. These forward-looking statements speak only as of the date of this news release. Parkland does not undertake any obligations to publicly update or revise any forward-looking statements except as required by securities laws. Actual results could differ materially from those anticipated in these forward-looking statements as a result of numerous risks and uncertainties including, but not limited to: failure to achieve the anticipated benefits of acquisitions, general economic, market and business conditions, industry capacity, competitive action by other companies, refining and marketing margins, the ability of suppliers to meet commitments, actions by governmental authorities and other regulators including increases in taxes, changes and developments in environmental and other regulations, and other factors, many of which are beyond the control of Parkland. See also the risks and uncertainties described under the headings “Cautionary Statement Regarding Forward-Looking Information” and “Risk Factors” in Parkland’s Annual Information Form dated March 31, 2017, and under the headings "Forward-Looking Information" and "Risk Factors" in Parkland's Management's Discussion and Analysis for the for the three and nine months ended September 30, 2017, each as filed on SEDAR and available on Parkland’s website at .

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.


Investor InquiriesBen BrooksVice President, Treasury & Investor

Media InquiriesAnnie CuerrierDirector, Corporate

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Globe Newswire: 22:20 GMT Tuesday 13th March 2018

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