Parkland Fuel Corporation Announces September 2019 Dividend

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CALGARY, Alberta, Sept. 11, 2019 (GLOBE NEWSWIRE) -- Parkland Fuel Corporation (“Parkland”) (TSX:) announces that a dividend of $0.0995 per share will be paid on October 15, 2019 to shareholders of record on September 20, 2019. The dividend will be an 'eligible dividend' for Canadian income tax purposes. The ex-dividend date is September 19, 2019.

Shareholders who wish to enroll in the Enhanced DRIP must do so prior to the September 19, 2019 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 current Annual Information Form, and under the headings "Forward-Looking Information" and "Risk Factors" in Parkland's Management's Discussion and Analysis for the most recently completed financial period, each as filed on SEDAR and available on Parkland’s website at .

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.

Parkland creates value for shareholders by focusing on its proven strategy of growing organically, realizing a supply advantage and acquiring prudently and integrating successfully. At the core of our strategy are our people, as well as our values of safety, integrity, community and respect, which are embraced across our organization.

FOR FURTHER INFORMATION

Investor Inquiries
Brad Monaco
Director, Investor Relations
587-997-1447
Brad.Monaco@parkland.ca

Media Inquiries
Leroy McKinnon
Senior Specialist, Corporate Communications
403-567-2573
Leroy.McKinnon@parkland.ca

More news and information about Parkland Fuel Corporation

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Globe Newswire: 22:03 GMT Wednesday 11th September 2019

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