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Pembina Pipeline Corporation Announces Conversion Results for Series 1 Preferred Shares
Pembina Pipeline Corporation Announces Conversion Results for Series 1 Preferred Shares ...
About this update from Pembina Pipeline Corporation
[{"type":"text","content":"\n\n\n\nPembina Pipeline Corporation Announces Conversion Results for Series 1 Preferred Shares\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n\n\n\n\n\n\n\nCanada NewsWire\nCALGARY, Nov. 16, 2018\n\n\n\nCALGARY, Nov. 16, 2018 /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 1 (\"Series 1 Shares\") will be converted into Cumulative Redeemable Floating Rate Class A Preferred Shares, Series 2 of Pembina (\"Series 2 Shares\") on December 1, 2018.\nAfter taking into account all conversion notices received from holders of its outstanding Series 1 Shares by the November 16, 2018 deadline for the conversion of the Series 1 Shares into Series 2 Shares, less than the 1,000,000 Series 2 Shares required to give effect to conversions into Series 2 Shares were tendered for conversion.\nAbout Pembina\nCalgary-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 Canada Sedimentary Basin and the other basins where Pembina operates can reach the highest value markets throughout the world.\nPembina strives to provide sustainable, ...