Parkland Income Fund Announces Distribution Payment

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Red Deer, Alberta, March 15, 2010:  Parkland Income Fund (TSX: PKI.UN) is pleased to announce that a distribution of $0.105 per trust unit will be payable on April 15, 2010 to unitholders of record on March 31, 2010.

 

Parkland Income Fund currently 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 and other products through its Distribution division. With 622 locations, Parkland has developed a strong market niche in Canada outside of major urban markets focused in the West and Ontario. The Fund supplies propane, bulk fuel, heating oil, lubricants, industrial fluids, agricultural inputs and associated services to commercial and industrial customers across Canada under the Neufeld, United Petroleum, Columbia Fuels, Bluewave Energy and Great Northern Oil brands. Additionally, Parkland operates the Bowden refinery near Red Deer, Alberta as a storage and contract-processing site.

 

Parkland  is  focused  on  creating  and  delivering  value  for  its  unitholders  through  the  continuous refinement of its site portfolio, increasing revenue diversification through growth in non-fuel revenues and active supply chain management.

 

Parkland  units  and  convertible  debentures  trade  on  the  Toronto  Stock  Exchange  (TSX)  under  the symbols PKI.UN and PKI.DB. For more information, visit www.parkland.ca.

 

- 30 - For further information, contact:

Parkland Industries Ltd., Administrator of Parkland Income Fund:

 

Red Deer:

Mike W. Chorlton, President and CEO

(403) 357-6400

 

Ken J. Grondin, Senior Vice President and CFO

(403) 357-6400

 

If you prefer to receive Company news releases via e-mail, please request at  corpinfo@parkland.ca.

 

 

 

 

 

 

 

 

 

Suite 236 Riverside Office Plaza, 4919-59 Street, Red Deer, Alberta T4N 6C9  Telephone: (403) 357-6400  Fax: (403) 346-3015