Canada NewsWire
CALGARY, March 15, 2019
CALGARY, March 15, 2019 /CNW/ - 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, 2019.
After taking into account all conversion notices received from holders of its outstanding Series 17 Shares by the March
15, 2019 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
Calgary-based Pembina Pipeline Corporation is a leading transportation and midstream service
provider that has been serving North America's energy industry for over 60 years. Pembina owns an integrated
system of pipelines that transport various hydrocarbon liquids and natural gas products produced primarily in
western Canada. The Company also owns gas gathering and processing facilities and an oil and natural gas liquids
infrastructure and logistics business. Pembina's integrated assets and commercial operations along the majority of the
hydrocarbon value chain allow it to offer a full spectrum of midstream and marketing services to the energy
sector. Pembina is committed to identifying additional opportunities to connect hydrocarbon production to new demand
locations through the development of infrastructure that would extend Pembina's service offering even further along the
hydrocarbon value chain. These new developments will contribute to ensuring that hydrocarbons produced in the Western Canadian
Sedimentary Basin and the other basins where Pembina operates can reach the highest value markets throughout the
world.
Purpose of Pembina:
To be the leader in delivering integrated infrastructure solutions connecting global markets;
- Customers choose us first for reliable and value-added services;
- Investors receive sustainable industry-leading total returns;
- Employees say we are the 'employer of choice' and value our safe, respectful, collaborative and fair work culture;
and
- Communities welcome us and recognize the net positive impact of our social and environmental commitment.
Pembina's strategy is to:
- Preserve Value by providing safe, environmentally conscious, cost-effective and reliable services;
- Diversify by providing integrated solutions which enhance profitability and customer service;
- Implement Growth by pursuing projects or assets that are expected to generate cash flow per share accretion and
capture long-life, economic hydrocarbon reserves; and
- Secure Global Markets by understanding what the world needs, where they need it, and delivering it.
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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SOURCE Pembina Pipeline Corporation
View original content: http://www.newswire.ca/en/releases/archive/March2019/15/c5400.html