Parkland Corporation Initiates Shareholder Communication for Sunoco Arrangement

On September 11, 2025, Parkland Corporation, a renowned international leader in fuel distribution and marketing, officially announced the commencement of shareholder communications regarding the recently revealed Sunoco Arrangement. The company has dispatched a detailed Letter of Transmittal to each registered shareholder, thereby providing them with essential instructions on how to proceed with their shares amid this significant corporate arrangement.

The Letter of Transmittal outlines crucial information and required documentation for shareholders to facilitate their election preferences under the Sunoco Arrangement. This correspondence will ensure that shareholders understand the forms of consideration available to them as they prepare for the upcoming transition. Parkland has made this document accessible on its official website, further assuring transparency in the process.

As part of this corporate strategy, shareholders are presented with three primary options for consideration in exchange for each company share:
1. C$19.80 in cash plus 0.295 common units of SunocoCorp, which will soon be listed on the NYSE.
2. C$44.00 in cash.
3. Approximately 0.536 SunocoCorp units.

These options allow shareholders to select their preference, although adjustments and maximum amounts may apply, depending on the proration rules stipulated in the arrangement plan. It’s pivotal for shareholders to act promptly; failing to submit a completed Letter of Transmittal before the Election Deadline might result in a default election for the Combination Elected Consideration.

While the Election Deadline has yet to be officially set, Parkland assures communication will be given prior to finalizing the arrangement, thereby ensuring shareholders have the necessary time to make informed decisions.

For shareholders who may be hesitant or confused, it is important to note that this Letter of Transmittal is exclusively for registered shareholders. Those whose shares are held through an intermediary, such as a broker or bank, are advised to reach out directly to their intermediary for guidance regarding their election and deposit processes. Different intermediaries may have distinct procedures, including varied deadlines; thus, timely communication is essential.

Parkland Corporation, headquartered in Calgary, Alberta, is a prominent player in the fuel industry, operating across 26 countries. The company not only provides essential fuel and convenience services to consumers but also emphasizes environmental responsibility through renewable energy solutions, making strides in sustainable practices with initiatives like manufacturing renewable fuels and offering EV charging solutions.

Interestingly, this move comes on the heels of a favorable trend for Parkland, having seen robust performance in its retail and commercial operations due to their strategic efforts to enhance customer engagement and satisfaction, positioning itself favorably in a competitive market. The Sunoco Arrangement presents an opportunity for Parkland to further this positive trajectory, potentially unlocking value for shareholders and expanding its operational footprint.

The company has also expressed caution about forward-looking statements associated with these developments, emphasizing the inherent risks and uncertainties of market conditions that may impact actual results. While the anticipation surrounding the arrangement grows, Parkland remains committed to keeping its stakeholders informed as these events unfold.

In conclusion, Parkland Corporation is steadfast in its mission to equip shareholders with the necessary tools and information amidst this significant transition, ensuring their voices and preferences are acknowledged and adequately addressed throughout this process.