Pembina will not convert series 9 shares to series 10 shares

By Taylor Fox

New York, Nov. 17 – Pembina Pipeline Corp. announced that none of its cumulative redeemable rate reset class A preferred shares, series 9, will be converted into cumulative redeemable floating-rate class A preferred shares, series 10, on Dec. 1, according to a 6-K filing with the Securities and Exchange Commission.

Less than the 1 million series 9 shares required to give effect to conversions into series 10 shares were tendered for conversion by the Nov. 16 deadline.

Calgary, Alta.-based Pembina Pipeline is a transportation and midstream service provider to the energy industry.

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