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Pembina Pipeline Corporation Announces Redemption of Series 19 Preferred Shares
All financial figures are in Canadian dollars unless otherwise noted. Pembina Pipelin...
About this update from Pembina Pipeline Corporation
[{"type":"text","content":"Pembina Pipeline Corporation Announces Redemption of Series 19 Preferred Shares\n\n\n .bwalignc { text-align: center; list-style-position: inside }\n \n\n\n\n\n All financial figures are in Canadian dollars unless otherwise noted.\n \n\n\n\n\n Pembina Pipeline Corporation (\"Pembina\" or the \"Company\") (TSX: PPL; NYSE: PBA) announced today its intention to redeem its issued and outstanding Cumulative Redeemable Floating Rate Reset Class A Preferred Shares, Series 19 (\"Series 19 Shares\") (TSX: PPL.PR.S) on June 30, 2025 (the \"Redemption Date\").\n \n\n This press release features multimedia. View the full release here:\n \n https://www.businesswire.com/news/home/20250530749329/en/\n \n\n\n Pembina intends to redeem all of its 8,000,000 issued and outstanding Series 19 Shares, in accordance with the terms of the Series 19 Shares, as set out in the Company's articles of amalgamation dated October 2, 2017 on the Redemption Date for a redemption price equal to $25.00 per Series 19 Share (the \"Redemption Price\"), less any tax required to be deducted or withheld by the Company. The total redemption price to Pembina will be $200 million.\n \n\n As previously announced, the dividend payable on June 30, 2025, to holders of the Series 19 Shares of record on June 16, 2025, will be $0.292750 per Series 19 Share. This will be the final quarterly dividend on the Series 19 Shares. Upon payment of the June 30, 2025, dividend, there will be no accrued and unpaid dividends on the Series 19 Shares as at the Redemption Date.\n \n\n The Company has provided notice today of the Redemption Price and the Redemption Date to the sole registered holder of the Series 19 Shares in accordance with the terms of the Series 19 Shares, as set out in the Company's articles of amalgamation dated October 2, 2017. For non-registered holders of Series 19 Shares, no further action is required however, they should contact their broker or other intermediary with any questions regarding the redemption process for the Series 19 Shares in which they hold a beneficial interest. The Company's transfer agent for the Series 19 Shares is Computershare Investor Services Inc. Questions regarding the redemption process may also be directed to Computershare at 1-800-564-6253 or by email to\n \n [email protected]\n \n .\n \n\n\n About Pembina\n \n\n\n Pembina ...