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Pembina Pipeline Corp T.PPL

Alternate Symbol(s):  PBA | PBNAF | T.PPL.PR.A | T.PPL.PR.C | T.PPL.PR.E | PPLAF | T.PPL.PR.G | PMBPF | T.PPL.PR.I | T.PPL.PR.O | T.PPL.PR.Q | PPLOF | T.PPL.PR.S | PMMBF | T.PPL.PF.A | T.PPL.PF.E | T.PPL.PF.B

Pembina Pipeline Corp is a Canada-based energy transportation and midstream service provider. The Company owns pipelines that transport hydrocarbon liquids and natural gas products produced primarily in Western Canada. It also owns gas gathering and processing facilities and an oil and natural gas liquids infrastructure and logistics business. It operates through three segments: Pipelines, Facilities and Marketing & New Ventures. The Pipelines segment provides customers with pipeline transportation, terminalling, and storage in key market hubs in Canada and the United States for crude oil, condensate, natural gas liquids and natural gas. The Facilities segment includes infrastructure that provides Pembina's customers with natural gas, condensate and natural gas liquid (NGL) services. The Marketing & New Ventures segment undertakes value-added commodity marketing activities including buying and selling products, commodity arbitrage, and optimizing storage opportunities.


TSX:PPL - Post by User

Comment by autofocus111on Sep 25, 2023 4:02pm
346 Views
Post# 35653121

RE:RE:RE:RE:Wake Up Time

RE:RE:RE:RE:Wake Up TimeThe info you listed is for PPL.PR.A (series 1). I bought PPL.PF.A.TO (Series 21)  which is fixed rate (CGOV5YR+3.26%) and a minimum floor of 4.90% on par at every reset. The last reset on this one was back in March to yield 6.302% at par, good until Mar1 2028. It is currently trading at ~19 so do the math. See relevant info from the prospectus...

>>>The Annual Fixed Dividend Rate for the ensuing Subsequent Fixed Rate Period will be determined by the Corporation on the Fixed Rate Calculation Date (as defined herein) and will be equal to the sum of the Government of Canada Yield (as defined herein) on the Fixed Rate Calculation Date plus a spread of 3.26%, provided that, in any event, such rate shall not be less than 4.90%. This spread will remain unchanged over the life of the Series 21 Shares

https://www.pembina.com/investors/stock-dividend
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