Company Announcements

Believes Board Should Immediately Commit to Running a Comprehensive Review of Strategic Alternatives Following Several Years of Share Price Underperformance, Inefficient Operations and Suboptimal Capital Allocation

Estimates a Sale to a Strategic Acquirer Would Yield Approximately $64 Per Share for Shareholders, Likely Representing the Best Risk-Adjusted Path Forward

NEW YORK--(BUSINESS WIRE)--Apr. 17, 2024-- Engine Capital LP, which owns approximately 2.5% of Parkland Corporation’s (TSX: PKI) outstanding shares, today sent the above letter to members of Parkland Corporation’s Board of Directors.

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About Engine Capital

Engine Capital LP is a value-oriented special situations fund that invests both actively and passively in companies undergoing change.

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For Investors:

Engine Capital LP
212-321-0048
info@enginecap.com

For Media:

Longacre Square Partners
Charlotte Kiaie / Bela Kirpalani, 646-386-0091
ckiaie@longacresquare.com / bkirpalani@longacresquare.com

Source: Engine Capital LP