Parkland Income Fund Announces Closing of Both the Neufeld Acquisition and $50 Million Bought Deal Equity Financing

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The trust units have not been and will not be registered under the U.S. Securities Act of 1933 and
may not be offered or sold in the United States.
Red Deer, Alberta - January 24th, 2007 - Parkland Income Fund ("Parkland" – TSX: PKI.UN)
has closed both its previously announced acquisition of Neufeld Petroleum and Propane Ltd. and
Neufeld Holdings Ltd. (the “Neufeld Acquisition”) and its bought deal equity offering. Parkland
issued 1,360,000 trust units at $36.75 per trust unit for gross proceeds of approximately $50
million. The net proceeds from this offering will be used to fund a portion of the purchase price of
the Neufeld Acquisition and to repay outstanding indebtedness.
The purchasers of trust units under the offering will be entitled to a regular monthly distribution of
$0.24 per trust unit, payable on February 15th, 2007 to unitholders of record on January 31st,
Parkland has granted to the underwriters an option to purchase up to an additional 204,000 trust
units at the offering price for a period expiring 30 days following the closing to cover overallotments,
if any, and for market stabilization purposes.
Parkland Income Fund operates retail and wholesale fuels and convenience store businesses
under its Fas Gas Plus, Fas Gas, Race Trac Fuels and Short Stop Food Stores brands and
through independent branded dealers, and transports fuel through its Petrohaul division. With over
550 locations, Parkland has developed a strong market niche in western and northern Canadian
non-urban markets. To maximize value for its unitholders, the Fund is focused on the continuous
refinement of its retail portfolio, increased revenue diversification through growth in non-fuel
revenues and active supply chain management. Parkland maintains ownership of the Bowden
refinery near Red Deer, Alberta, and has re-activated the site for production of drilling fluids.
The Fund's units trade on the Toronto Stock Exchange (TSX) under the symbol PKI.UN. For more
information, visit
This news release does not constitute an offer to sell, or the solicitation of an offer to buy, the trust
units of Parkland in any jurisdiction, including the United States, or to, or for the account or benefit
of, U.S. persons absent U.S. registration or an applicable exemption therefrom, nor shall there be
any sale of the trust units in any state in which such offer, solicitation or sale would be unlawful
prior to registration or qualification under the securities laws of any such state.
If you prefer to receive Company news releases via e-mail, please request at
For further information: Red Deer: Michael W. Chorlton, President and CEO, (403) 357-6400; John
G. Schroeder, Vice President and CFO, (403) 357-6400