Pembina Pipeline Corporation Announces Conversion Results for Series 17 Preferred Shares
18 Mars 2024 - 11:24PM
Business Wire
Pembina Pipeline Corporation ("Pembina") (TSX: PPL; NYSE: PBA)
announced today that none of Pembina's Cumulative Redeemable Rate
Reset Class A Preferred Shares, Series 17 ("Series 17 Shares")
(TSX: PPL.PR.Q) will be converted into Cumulative Redeemable
Floating Rate Class A Preferred Shares, Series 18 of Pembina
("Series 18 Shares") on March 31, 2024.
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After taking into account all the conversion notices received
from holders of its outstanding Series 17 Shares by the March 18,
2024 deadline for the conversion of the Series 17 Shares into
Series 18 Shares, less than the 1,000,000 Series 17 Shares required
to give effect to conversions into Series 18 Shares were tendered
for conversion.
About Pembina
Pembina Pipeline Corporation is a leading energy transportation
and midstream service provider that has served North America's
energy industry for 70 years. Pembina owns an integrated network of
hydrocarbon liquids and natural gas pipelines, gas gathering and
processing facilities, oil and natural gas liquids infrastructure
and logistics services, and an export terminals business. Through
our integrated value chain, we seek to provide safe and reliable
energy solutions that connect producers and consumers across the
world, support a more sustainable future and benefit our customers,
investors, employees and communities. For more information, please
visit www.pembina.com.
Purpose of Pembina: We deliver extraordinary energy solutions so
the world can thrive.
Pembina is structured into three Divisions: Pipelines Division,
Facilities Division and Marketing & New Ventures Division.
Pembina's common shares trade on the Toronto and New York stock
exchanges under PPL and PBA, respectively. For more information,
visit www.pembina.com.
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Investor Relations (403) 231-3156 1-855-880-7404 e-mail:
investor-relations@pembina.com www.pembina.com
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