Pembina to redeem C$300 million series 23 preferreds on Nov. 15

By Wendy Van Sickle

Columbus, Ohio, Oct. 14 – Pembina Pipeline Corp. plans to redeem its 12 million outstanding cumulative redeemable minimum rate reset class A preferred shares, series 23, on Nov. 15, according to a press release.

The preferreds will be redeemed at par of C$25.00 for a total redemption price of C$300 million.

The dividend payable on Nov. 15 to holders of record as of Oct. 31 will be C$0.328125 per share.

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

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.