Parkland's Dividend Reinvestment Plan
Parkland Fuel Corporation launched new incentives for its Dividend Reinvestment Plan (DRIP) on January 1, 2011 which will provide shareholders with new options to participate in the company's growth while maximizing value. In addition to the option of receiving a monthly cash dividend of $0.085, investors who wish to reinvest their dividends in the Corporation will be able to access the following new options:
Participation in the Premium Dividend™ and Dividend Reinvestment Plan is restricted to Canadian Shareholders. The complications that arise due to differences in securities regulations in foreign jurisdictions make it impractical to offer this program to investors outside of Canada.
The Premium Dividend™ Paid in cash, this provides eligible shareholders with a 2% cash premium on top of their regular cash dividend and is well suited to most income-oriented investors; or
Dividend Reinvestment Shareholders receive a 5% discount on shares purchased through the Dividend Reinvestment Plan which is well suited to most value-oriented investors.
Those shareholders who do not elect to participate in either component of the plan will still receive their regular monthly dividend of $0.085 per share.
Many brokers auto enroll their clients in the Premium Dividend™ program. However, shareholders who wish to enroll in the program who hold their shares through a broker are advised to contact their broker for more information.
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 the Valiant Trust Company website at www.valianttrust.com or by calling 1-866-313-1872.
Copies of the Plan, the Enrollment Form, and the Question and Answer document can be found in the left column.