CALGARY, AB, Sept. 19, 2022 /PRNewswire/ -- Pembina Pipeline
Corporation ("Pembina") (TSX: PPL) (NYSE: PBA) announced today that
none of Pembina's Cumulative Redeemable Rate Reset Class A
Preferred Shares, Series 15 ("Series 15 Shares") (TSX: PPL.PR.O)
will be converted into Cumulative Redeemable Floating Rate Class A
Preferred Shares, Series 16 of Pembina ("Series 16 Shares")
on October 3, 2022.
After taking into account all the conversion notices received
from holders of its outstanding Series 15 Shares by the
September 19, 2022, deadline for the
conversion of the Series 15 Shares into Series 16 Shares, less than
the 1,000,000 Series 15 Shares required to give effect to
conversions into Series 16 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 more than
65 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 a growing export terminals business. Through our integrated
value chain, we seek to provide safe and reliable infrastructure
solutions which connect producers and consumers of energy across
the world, support a more sustainable future and benefit our
customers, investors, employees and communities. For more
information, please visit pembina.com.
Investor Relations, (403)
231-3156, 1-855-880-7404, e-mail:
investor-relations@pembina.com, www.pembina.com
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