Latest news with #Parkland
CNN
8 hours ago
- Business
- CNN
Citigroup reverses firearms policy after pressure from Trump administration
A month after the 2018 mass school shooting in Parkland, Florida, Citigroup enacted restrictions for its clients that sold firearms — the first major bank on Wall Street to do so. On Tuesday, the bank rolled back that policy. 'We also will no longer have a specific policy as it relates to firearms,' the company said in a statement Tuesday. 'The policy was intended to promote the adoption of best sales practices as prudent risk management and didn't address the manufacturing of firearms.' The decision comes as the Trump administration alleges that Wall Street is biased against conservatives — a right-wing talking point since more than a dozen state auditors accused Bank of America of 'politicized de-banking' in an open letter last year (de-banking is when a bank closes an account for a customer it deems high risk). At the time, Bank of America said it has 'no political litmus test.' On Tuesday, Citi said it was 'following regulatory developments, recent Executive Orders and federal legislation.' In 2018, Citi said it would ban banking services to businesses that sold firearms to those under 21, those who didn't pass a background check, or sold bump stocks (used by the gunman in the 2017 mass shooting in Las Vegas) or high-capacity magazines. The policy applied to small businesses, commercial and institutional clients, and credit card partners, but did not restrict how individual customers used their cards. Big banks have recently caught the ire of the president as well as the crypto industry. In January at the annual World Economic Forum, President Donald Trump scolded Brian Moynihan, the CEO of Bank of America. 'You've done a fantastic job, but I hope you start opening your bank to conservatives, because many conservatives complain that the banks are not allowing them to do business within the bank,' Trump said. 'You and Jamie and everybody… What you're doing is wrong,' referring to JPMorgan Chase head Jamie Dimon. Citigroup also announced on Tuesday that it will update its employee Code of Conduct and its external Global Financial Access Policy 'to clearly state that we do not discriminate on the basis of political affiliation in the same way we are clear that we do not discriminate on the basis of other traits such as race and religion.'
CTV News
a day ago
- General
- CTV News
Child struck by hit-and-run driver in crosswalk west of Edmonton
An RCMP cruiser can be seen in this file photo. Police are looking for a driver of a vehicle that struck a youth in Spruce Grove last month. The victim was rollerblading in a designated crosswalk on Nelson Drive between Meadowpark Gate and Westlake Drive on May 4 when they were struck by a vehicle that left the scene. The youth was treated in hospital. The vehicle is described as a dark blue SUV driven by a man with a brown beard wearing a dark coloured baseball cap. Anyone with information is asked to contact Parkland RCMP at 825-220-2000. The age and gender of the victim has not been released.
Yahoo
3 days ago
- Business
- Yahoo
David Hogg draws attacks from both sides as his star rises
Democratic National Committee (DNC) Vice Chair David Hogg is seeing his political star rise — along with the number of attacks lobbed at him from both parties. Hogg has drawn ire and praise from Democrats for his move to get involved in the party's congressional primaries, part of what he says is an effort to bring about generational change. Republicans, meanwhile, have long sought to turn him into a foil. And now that the 25-year-old activist-turned-party-leader finds himself at the center of a feud among Democrats, the GOP sees a golden opportunity. 'Someone brought up to me today that your average voter doesn't know who David Hogg is,' said one national Republican operative. 'What's your strategy? Why are you guys talking about him so much?' 'It's the most obvious point to show the national media, which is the Hogg wing taking over the Democratic Party,' the operative continued. Hogg has seen his profile steadily grow since he first burst onto the political scene following the 2018 school shooting at Marjory Stoneman Douglas High School in Parkland, Fla., when he was a senior. He quickly became one of the leading voices of the gun control movement and later co-founded March for Our Lives. In February, he was elected a vice chair of the DNC. And in April, he made waves when his group Leaders We Deserve launched a $20 million initiative aimed at primarying incumbent Democrats in safe House seats with the hope of electing a new generation of members. Hogg explicitly noted that the group would not target front-line members or members in competitive districts. So far, the group has only publicly endorsed one candidate, backing Illinois state Sen. Robert Peters (D) in the open seat race for the state's 2nd Congressional District. But Hogg's decision to engage in the primaries has drawn criticism. While many members of the party acknowledge that Democrats need to do a better job of paving the way for new voices and a cohort that's more responsive to the party's needs, others have criticized him for overseeing the effort while serving as a DNC leader. Now, the Gen Z firebrand is contending with the possibility of losing his DNC position altogether. Members of the organization's Rules and Bylaws Committee decided earlier this month that they would hold an electronic vote in June to determine whether they should redo the elections of the vice chair positions won by Hogg and Pennsylvania state Rep. Malcolm Kenyatta. The decision was made after one of the candidates who lost, Kalyn Free, challenged the way the election was conducted. Free's challenge is unrelated to Hogg's efforts to primary Democratic incumbents. Hogg has criticized the move, saying it's 'impossible to ignore the broader context' in which it's being implemented — a nod to the criticism of his primary efforts. Other Democrats have pushed back on Hogg's claims, including Kenyatta. 'David's first statement out of the gate was, here's the Democratic Party doing some maniacal thing to push me out because of what he's doing with his PAC,' Kenyatta said in an interview with MSNBC earlier in May. 'David knows that that is not true.' In an interview with Fast Company, Hogg did not go into detail about his conversations with Kenyatta but said he sees their disagreement as a 'strategic' one. Howard Chou, a DNC member from Colorado who voted for Kenyatta but not Hogg during the initial vice chair election, praised Hogg and his ascension within the party, saying that for Hogg 'to rise to a level that he's gotten to is pretty impressive, to be honest.' But Chou acknowledged Hogg's DNC vice chair tenure 'can be seen as tumultuous' and said he disagreed with the idea of engaging in primaries as an official. 'He's done some revolutionary things, but we should still hold to standards and rules of … what we're doing here … we're the governing body of the national Democratic Party,' Chou said. DNC Chair Ken Martin, who has lauded Hogg as an 'amazing young leader' and said he had 'great respect' for him, has also told reporters he's against Hogg primarying members while holding the vice chair position. 'No DNC officer should ever attempt to influence the outcome of a primary election,' Martin said on a press call last month. Some Democrats are more conflicted. For Paul Eckerstrom, senior vice chair of the Arizona Democratic Party and a former DNC member, it's a question he has struggled with. 'Whether a challenger in a primary is successful or not, I think it's probably a good thing even for the sitting congressperson to at least, you know, pay attention to their constituency, pay attention to certain issues and not get complacent,' Eckerstrom said. 'So I have a hard time criticizing David for doing what he's doing.' At the same time, Eckerstrom added, 'maybe Ken's got a point' about not primarying members while being a sitting DNC member. Hogg has defended his plans and says Democrats need to better meet the moment as the party looks to reset heading into 2026 and 2028. 'We can't just hope that Donald Trump screws everything up so much that voters come begging back to us for any alternative.' he told Fast Company. 'We don't want people to feel like they're just voting for the less bad of two options. What we're trying to do is light a fire under everybody's ass in our party. And frankly, if that makes you uncomfortable, maybe you should question whether or not you should run.' Still, the drama surrounding Hogg and Free's efforts to challenge the election results are threatening to deepen divisions within the party as Democrats look to win back the House and possibly the Senate next year. Republicans, for their part, can't get enough of Hogg. The party has sought to paint Hogg as a liability for Democrats, tying him to every young, progressive Democrat primarying an incumbent. 'If he wants to work to elect more Democrat crazies and encourage more wokeism and nonsense, I'd say fantastic,' said Brian Seitchik, an Arizona Republican strategist and alum of President Trump's campaign. Democrats do not necessarily look at Hogg as a threat to their incumbents. While they argue Hogg has seen major success in the activist space in co-founding March for Our Lives, some Democrats note he is not the only influential player in the party and still has more experience to gain. 'He's an unbelievably talented activist and advocate, and he certainly has the ear of many influential people and in the progressive movement he's an all-star,' said one Democratic strategist. However, the strategist added that they did not understand how Hogg's group primarying other Democrats would be beneficial to the party. 'He's leading an organization that is publicly calling for primaries against longstanding Democrats on the basis of are they good? Like let's define that,' the strategist said. Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
Fast Company
6 days ago
- Business
- Fast Company
David Hogg knows the DNC might oust him. Here's why he's cool with that
David Hogg, the Parkland school shooting survivor turned Democratic activist and rainmaker, likes to say that 'the only good politician is a scared politician.' His day job at Leaders We Deserve, the political action committee he co-founded straight out of Harvard in 2023 with veteran campaign manager Kevin Lata, is helping recruit and elect into office the next generation of young Democrats. But he spends just as much time antagonizing his party's leadership and hectoring them about doing some post-election soul-searching. Shortly after his successful run in February for one of five vice chair positions with the Democratic National Committee, Hogg announced that Leaders We Deserve would spend $20 million backing midterm primary challengers in safe Democratic districts represented by aging incumbents who, in his estimation, haven't fought back hard enough against Donald Trump. He expected a backlash, and he got it. DNC chair Ken Martin demanded that he sign a neutrality pledge or step aside, but Hogg declined to do either. Meanwhile, one of the defeated candidates in the vice chair election filed a protest of the outcome, arguing that the results violated DNC rules regarding gender representation. Hogg believes that party leaders have seized on this procedural issue as a means of ousting him from his position, as punishment for his primary plans. It might work, too—the complaint remains under review, and a vote about whether to redo the vice chair election is scheduled for between June 9 and June 11. But even if they boot Hogg from the DNC, he says, he'll just focus on his day job booting feckless incumbents from Congress. Hogg, who appeared on Fast Company 's July 2024 cover for a story about his and Lata's work getting Generation Z into politics, checked back in with us about the tempest he's triggered, and where Democrats should go from here. Fast Company: Given all that's transpired between you and the DNC's leadership, do you think you'll be re-elected if it comes to it? David Hogg: Honestly, it's anybody's guess at this point. There's people who don't agree with what I'm doing with the primaries, but they also don't think that we should have another election. And there's people who think we should have another election, but agree with what I'm doing. There's so many different camps here. But just so I understand, is it your view that this complaint was mounted specifically to get rid of you? Or is the DNC leadership just latching onto this because it provides an opportunity to accelerate something they already wanted to do? It's certainly provided an opportunity. In order to remove me as an officer, one, I would need to be breaking a rule, and two, it would go through a committee and then it would require a two-thirds vote of the DNC membership. This gives them the opportunity to remove me with only a simple majority. I ask because the other DNC vice chair elected along with you, Malcolm Kenyatta, a state senator from Pennsylvania, who would ordinarily be a natural ally of yours, has criticized your response to this complaint and accused you of making it all about yourself. Have you spoken to him? Yes, we've discussed it a bit, and I'm not going to talk publicly about those conversations, but what I will say is that there's disagreements that we have, obviously, but ultimately, I still maintain a high level of respect for Malcolm. I don't take it personally. I see this as a strategic disagreement. What were your goals were in joining the DNC in the first place? And given what's transpired, do you still think you can achieve them? Hogg: Oh, we're still going to achieve them no matter what happens. The reason I ran for the DNC was that I think we need to build a culture in our party of telling people what they need to hear — for example, telling a former president that he should not run again. And if I do get removed, I think it only proves my point. I ran to play a role in making our party stronger. We can't protect the status quo of a 26% approval rating. We're losing voting share with nearly every single demographic, and it's not a matter of our message. It's our messengers. But why the DNC specifically? Why this vice chair position? Because I believe in the party that we could be. And I didn't want to continue being in a position where, for example, even after I'd raised nearly $1 million for Vice President Harris when I was on her National Finance Committee, I'd ask a question about what are we doing about young men and they'd say it was a ridiculous question. Like, why would we ever need to care about young men? This position forces people to listen to some of these real concerns. It was ridiculous because they thought Biden had young men sealed up? Or because young men don't vote? Hogg: To be honest with you, Devin, it's because for a long time there's been a taboo in the party of talking about young men, because we think empathy is a zero-sum game, so it's to the detriment of young women. We've got to get out of that binary thinking. Caring about one doesn't mean we inherently don't care about the other. What should that message be? I'm not saying crank out a slogan on the spot, but how should Democrats be appealing to young men? Hogg: I'll tell you what the message is not — it's not paying $20 million to figure out how to talk to young men. The message isn't saying: 'Here is our plan for men.' If we have a good plan for men, we don't need to say out loud that it's for men. For the past five months we keep hearing that elected Democrats are not fighting back hard enough. And while that may be true, it reminds me of what you were saying — it's easy to sit on the sidelines and say what's wrong. So what should Democrats be doing? I'm not going to sit here and act like any single person, including myself, knows the full plan of how we fix this because, frankly, this is bigger than just the U.S. Every single developed country around the world has gender polarization—where young men are becoming more conservative and young women are becoming more liberal. This is not just a U.S. problem. Part of the answer is showing how we are rejuvenating ourselves and getting people elected to positions of leadership in Congress based off effectiveness and not this culture of seniority politics. One reason for some of the anxiety among Democrats could be that your criteria for challenging an incumbent feels a bit subjective. When you talk about people fighting back effectively against Trump, what does that look like right now? Part of our strategy here is to not have a specific set of criteria, like, 'These are the three things that you need to do to be considered effective.' Because the reality is nobody is meeting this moment as effectively as we need to. Certainly, some members are fighting back harder than others. There are members who are literally going to El Salvador, not just sitting on their hands and saying, 'We can't do anything in the minority.' We can't just hope that Donald Trump screws everything up so much that voters come begging back to us for any alternative. We don't want people to feel like they're just voting for the less bad of two options. What we're trying to do is light a fire under everybody's ass in our party. And frankly, if that makes you uncomfortable, maybe you should question whether or not you should run. This reminds me of that op-ed James Carville wrote in The New York Times a couple months ago — that Democrats should ' roll over and play dead ' and just let Trump screw everything up. About six weeks later, you were quoted in the Times saying 'more than anything it is, do you want to roll over and die or do you want to fight?' I wondered if you were referring specifically to what Carville said? Yes, I was, but I think it goes beyond him, because that notion doesn't just come out of nowhere. I think it comes out of the exhaustion that a lot of our leaders are feeling. And look, if you're exhausted, that's fine. Just don't be in politics, because this is not a time for people to be exhausted. Another veteran Democrat, Philippe Reines, a longtime aide to Hillary Clinton, recently told New York Magazine that 'we can't be the party of pronouns and land acknowledgements.' Look, I think it's important that we maintain our values as a party and we not abandon any group for some perceived gain or political expediency. That's not what Democrats do. I think we need to focus on the fact that in this election voters told us two things. They said the president is too old. And we said, 'No, he's not.' And they said prices are too high. And we said, 'No, they aren't—look at these graphs.' The broader issue we have is that people feel unheard by us, and they feel like we are not addressing a lot of the real issues that they're facing on a day-to-day basis. You told the Times that 'Democrats continue to treat politics like a debate club and Republicans treat it like WrestleMania.' Are you endorsing the WrestleMania approach or implying we need a third way? What I was actually getting at, more than anything, is: let's say you ask voters, if Democrats are an animal, what animal would they be? The most common answer is a turtle or a slug or something like that. Some kind of weak, vulnerable animal. Whereas for Republicans, it's like a shark or a lion. People like to see a fight. And for us, we're like, 'Oh, we can't raise the minimum wage because the parliamentarian in Congress says that we can't.' That's the type of shit that kills me. So you want Democrats to get in the ring a little bit more? I want us to get in the ring more. After Parkland, all these Democratic consultants came around and said, 'You can't talk about banning the AR=-15. You can't talk about taking on the NRA. It's too unpopular, it's too red of a state,' all this stuff. If we listened to them, we wouldn't have changed shit. Right now we have a real problem with cowardice in our party. That's the resource we lack. It's not cash, it's courage.
Cision Canada
6 days ago
- Business
- Cision Canada
Parkland Files Management Information Circular for Arrangement with Sunoco
Unlocks Immediate and Significant Value for Parkland Shareholders Establishes a Scalable Platform for Long-Term Value Creation CALGARY, AB, May 28, 2025 /CNW/ - Parkland Corporation ("Parkland", "we", the "Company" or "our") (TSX: PKI) today announced the filing of its Management Information Circular (the "Circular") and accompanying materials for the upcoming annual and special meeting (the "Meeting") of the Parkland shareholders (the "Company Shareholders") in connection with its previously announced strategic transaction involving Sunoco LP ("Sunoco"), and a wholly-owned subsidiary of Sunoco group ("SunocoCorp"). This transformative transaction marks a pivotal moment for Parkland, delivering immediate value to Company Shareholders while positioning the combined company for long-term growth. The transaction will be implemented by way of a plan of arrangement (the "Plan of Arrangement") under the Business Corporations Act (Alberta) (the "Arrangement"). The Best Path Forward for Parkland and Our Shareholders Parkland's board of directors (the "Parkland Board") unanimously recommends that Company Shareholders vote FOR the special resolution approving the Arrangement (the "Arrangement Resolution"). Key benefits of the Arrangement include: Immediate Value and Future Upside The Arrangement represents a 25% premium based on the 7-day volume-weighted average price of both the Parkland shares and Sunoco units as of May 2, 2025. Company Shareholders benefit from the flexibility to choose one of three forms of consideration: C$19.80 in cash and 0.295 common units of SunocoCorp (which will be a newly listed NYSE public company that holds an interest in Sunoco); C$44.00 in cash 1; or 0.536 SunocoCorp common units 1. Company Shareholders who receive SunocoCorp common units will be able to participate in future upside, including potential dividend growth, resulting from the combined business. For two years post-closing, holders of SunocoCorp common units will receive dividends on their units equal to the distributions made to holders of Sunoco common units. ________________________________ 1 Subject to the proration, maximum amounts, and adjustments in accordance with the Plan of Arrangement. The Strategic Rationale for the Arrangement The combined company will be one of the largest independent fuel distributors in the Americas, creating greater scale and stability, and is expected to grow returns, improve margins and increase distributable cash flow per unit. The transaction leverages the complementary strengths of both companies to create a more diversified portfolio spanning Canada, the U.S., and the Caribbean, reducing single-industry exposure while improving earnings resiliency and minimizing volatility. The combined company is expected to achieve US$250 million in annual run-rate synergies by the third year, strengthening financial performance and boosting shareholder returns. Sunoco's Commitment to Responsible Stewardship and Growth in the Markets Parkland Serves Sunoco will maintain a Canadian headquarters in Calgary and significant employment levels in Canada. Sunoco is committed to ongoing investment in Canadian operations, including the Burnaby Refinery and Parkland's transportation energy infrastructure expansion plans. The combined company's expanded free cash flow will provide additional resources for reinvestment in Canada, the U.S., and the Caribbean in support of both existing and new opportunities. These commitments affirm a vote of confidence in Canada, with Sunoco returning to a country where it has a long history of investment. Additional Factors The Arrangement is the result of arm's length negotiations between Parkland and Sunoco with the Company Special Committee (the "Special Committee") actively overseeing the process and guiding management and advisors. Following this thorough process, the Special Committee and the Parkland Board concluded that the consideration payable to Company Shareholders reflects Sunoco's highest price. The Special Committee and the Parkland Board evaluated the Arrangement in light of Parkland's financial condition, operational performance, strategic alternatives, and market conditions. After reviewing fairness opinions provided to the Parkland Board by Goldman Sachs Canada Inc. and BofA Securities Inc., as well as a fairness opinion provided to the Special Committee by BMO Nesbitt Burns Inc., all of which deemed the consideration fair from a financial perspective, the Special Committee unanimously determined the Arrangement is in the best interests of Parkland and its shareholders. Based on this determination, the Special Committee recommended, and the Board unanimously endorsed, the Arrangement. The transaction is not subject to financing conditions, and Sunoco has demonstrated a strong commitment to completing it efficiently. The reasons for the Parkland Board's unanimous recommendation are more fully described under the headings " The Arrangement – Recommendation of the Parkland Board" and " The Arrangement – Reasons for the Recommendations" in the Circular. The Arrangement is subject to court approval, Company Shareholder approval, regulatory approvals and other customary closing conditions. Other Business at the Meeting In addition to considering and voting on the Arrangement Resolution, Company Shareholders will also deal with several important matters at the Meeting (the "Annual Matters"), the first three of which will be subject to a shareholder vote. These include: Election of Directors: Company Shareholders will be asked to elect the slate of current Parkland Board members (other than Lisa Colnett who is not standing for re-election): Felipe Bayon, Nora Duke, Robert Espey, Sue Gove, Timothy Hogarth, Richard Hookway, Michael Jennings, Angela John, James Neate, and Mariame McIntosh Robinson to the Parkland Board to complete the Arrangement. The Company did not receive any nominations under its advance notice bylaw. Appointment of Auditor: Company Shareholders will vote on the reappointment of PricewaterhouseCoopers LLP as the auditor of Parkland for the upcoming fiscal year and authorize the Parkland Board to fix their remuneration. Advisory Vote on Executive Compensation: Company Shareholders will have the opportunity to cast a non-binding advisory vote on Parkland's approach to executive compensation. Review of Financial Statements: Company Shareholders will receive the Company's audited financial statements for the fiscal year ended December 31, 2024, along with the accompanying auditor's report. The Parkland Board recommends that Company Shareholders vote FOR each of the Annual Matters to ensure strong governance and operational excellence during this transitional period. Meeting and Voting Details: The Meeting will be held on June 24, 2025, at 9:00 a.m. (Calgary Time), in person at the Calgary TELUS Convention Centre in Calgary, Alberta. Company Shareholders are encouraged to review the Circular, which provides detailed information about the Arrangement and voting instructions. Company Shareholders are urged to vote well in advance of the Meeting and in any event, prior to the Voting Deadline, on June 20, 2025, at 9:00 A.M. (Calgary Time). The mailing of the Circular and accompanying materials to Company Shareholders of record as of May 23, 2025 has commenced. The Circular and related Meeting materials can be found on Parkland's SEDAR+ profile at as well as at Company Shareholders may request copies of the Circular and Meeting materials by electronic mail or by courier by sending an email to [email protected] no later than 10 business days prior to the Meeting, or any adjournment or postponement thereof. If you have questions or need assistance voting, please contact Kingsdale Advisors at 1-888-518-6832 (toll-free in North America) or 1-647-251-9740 (text and call enabled outside North America), or by email at [email protected]. Vote Online Registered Company Shareholders: Visit with your 15-digit control number. Beneficial Company Shareholders: Visit with your 16-digit control number. Vote by Telephone Registered Company Shareholders: Call toll-free at 1-866-732-8683 (in North America) or 1-312-588-4290 (in countries outside of North America) with your 15-digit control number. Beneficial Company Shareholders: Call 1-800-474-7493 for English and 1-800-474-7501 for French (in Canada) or 1-800-454-8683 (in the United States) with your 16-digit control number. Vote by Mail Registered Company Shareholders: Complete, sign and date your BLUE form of proxy and return it in the postage paid envelope included in your package by mail in accordance with the instructions therein. Beneficial Company Shareholders: Complete, sign and date your BLUE voting instruction form and return it in the postage paid envelope included in your package by mail in accordance with the instructions therein. Questions? Need Help Voting? If you have questions or need assistance voting when you receive the Circular and accompanying materials, please contact Kingsdale Advisors at 1-888-518-6832 (toll-free in North America) or 1-647-251-9740 (text and call enabled outside North America), or by email at [email protected]. To obtain current information about the Arrangement and the Annual Matters, please visit About Parkland Corporation Parkland is a leading international fuel distributor, marketer, and convenience retailer with safe and reliable operations in twenty-six countries across the Americas. Our retail network meets the fuel, and convenience needs of everyday consumers. Our commercial operations provide businesses with fuel to operate, complete projects and better serve their customers. In addition to meeting our customers' needs for essential fuels, Parkland provides a range of choices to help them lower their environmental impact, including manufacturing and blending renewable fuels, ultra-fast EV charging, a variety of solutions for carbon credits and renewables, and solar power. With approximately 4,000 retail and commercial locations across Canada, the United States, and the Caribbean region, we have developed supply, distribution, and trading capabilities to accelerate growth and business performance. Our strategy is focused on two interconnected pillars: our Customer Advantage and our Supply Advantage. Through our Customer Advantage, we aim to be the first choice of our customers through our proprietary brands, differentiated offers, extensive network, competitive pricing, reliable service, and compelling loyalty program. Our Supply Advantage is based on achieving the lowest cost to serve among independent fuel marketers and distributors in the hard-to-serve markets in which we operate, through our well-positioned assets, significant scale, and deep supply and logistics capabilities. Our business is underpinned by our people and our values of safety, integrity, community, and respect, which are embedded across our organization. About Sunoco LP Sunoco (NYSE: SUN) is a leading energy infrastructure and fuel distribution master limited partnership operating in over 40 U.S. states, Puerto Rico, Europe, and Mexico. Sunoco's midstream operations include an extensive network of approximately 14,000 miles of pipeline and over 100 terminals. This critical infrastructure complements the Partnership's fuel distribution operations, which serve approximately 7,400 Sunoco and partner branded locations and additional independent dealers and commercial customers. Sunoco's general partner is owned by Energy Transfer LP (NYSE: ET). Forward-Looking Statements Certain statements contained herein constitute forward-looking information and statements (collectively, "forward looking statements"). When used in this news release, the words "commit", "ensure", "enhance", "expect", "increase", "ongoing", "will", and similar expressions are intended to identify forward-looking statements. In particular, this news release contains forward-looking statements with respect to, among other things: the Arrangement, and the anticipated benefits thereof; the consideration payable to the Company Shareholders under the Arrangement; the business of the Combined Company after giving effect to the Arrangement; the expected value creation resulting from the arrangement; anticipated tax efficiencies associated with SunocoCorp structure; the anticipated dividends payable to holders of SunocoCorp Common Units; the listing of SunocoCorp on the NYSE; the business, financial performance, operations and size of the Combined Company; Sunoco's commitment to maintaining a Canadian headquarters in Calgary for the Combined Company; the Combined Company's free cash flow and anticipated uses thereof; the mailing of Parkland's Circular and accompanying materials to Company Shareholders; and the Meeting, and the anticipated timing and location thereof; These statements involve known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking statements. No assurance can be given that these expectations will prove to be correct and such forward-looking statements should not be unduly relied upon. These forward-looking statements speak only as of the date hereof. Parkland does not undertake any obligations to publicly update or revise any forward-looking statements except as required by securities laws. Actual results could differ materially from those anticipated in these forward-looking statements as a result of numerous risks, assumptions and uncertainties including, but not limited to: general economic, market and business conditions; the completion of the Arrangement on anticipated terms and timing, or at all, including obtaining court approval, Company Shareholder approval, regulatory approvals and other customary closing conditions; the anticipated benefits of the Arrangement may not be realized; the consideration to be received by Company Shareholders is subject to proration, such that a Company Shareholder may not receive all of the consideration in the form that they elect to receive; the SunocoCorp Common Units to be received by Company Shareholders as a result of the Arrangement will have different rights from the Company shares; the amount of any dividends or distributions to be paid by SunocoCorp following the Arrangement will not be guaranteed; anticipated tax treatment; potential litigation relating to the Arrangement that could be instituted against Sunoco or Parkland; potential adverse reactions or changes to business relationships, including with employees, suppliers, customers, competitors or credit rating agencies, resulting from the Arrangement; certain restrictions during the pendency of the Arrangement that may impact Parkland's ability to otherwise operate its business; the expected timing of the Meeting, the court approval and the anticipated effective date of the Arrangement may be changed or delayed; and other factors, many of which are beyond the control of Parkland. See also the risks and uncertainties described under the headings "Cautionary Statement Regarding Forward-Looking Information" and "Risk Factors" in Parkland's current Annual Information Form dated March 5, 2025, under the headings "Forward-Looking Information" and "Risk Factors" included in the Management's Discussion and Analysis dated May 5, 2025, and under the heading "Risk Factors" in Parkland's Circular, dated May 26, 2025, each as filed on SEDAR+ and available on Parkland's website at and The forward-looking statements contained herein are expressly qualified by this cautionary statement.
