Conversion to Parkland Fuel Corporation
Parkland converted to a corporation by way of a trust unit for corporate share tax-deferred exchange on December 31, 2010.
Parkland Fuel Corporation's shares and debentures commenced trading effective at the opening on Friday, January 7, 2011. At this time, Parkland’s common shares, 6.5% series 1 convertible unsecured subordinated debentures and 5.75% series 2 convertible unsecured subordinated debentures started trading on the TSX under the symbols "PKI", "PKI.DB" and “PKI.DB.A”, respectively
| Secutiy Name |
Old Symbol |
New Symbol |
New Cusip |
| Common Shares |
PKI.UN |
PKI |
70137T 10 5 |
| 6.5% Convertible Unsecured Subordinated Debentures |
PKI.DB |
PKI.DB |
70137T AA 3 |
| 5.75% Convertible Unsecured Subordinated Debentures |
PKI.DB.A |
PKI.DB.A |
70137T AB 1 |
Eligible Unitholders who wish to make a joint tax election with New Parkland under section 85 of the Tax Act may require the fair market value of Class B and C Units on December 31st, 2010 to make such an election. The value of Class B and C limited Partnership units at close of trading on December 31st, 2010 was $11.49 per unit, equal to Parkland Income Fund's Trust unit price at close of business that same day.