Pembina Pipeline series 25 preferreds will not be converted into series 26 preferreds

By Wendy Van Sickle

Columbus, Ohio, Jan. 31 – Pembina Pipeline Corp. announced that none of its series 25 preferred shares will be converted on a one-to-one basis into cumulative redeemable floating-rate class preferred shares, series 26, on Feb. 15.

Conversion notices for less than the 1 million required to effect conversions were received from holders of the series 25 preferreds by the Jan. 31 deadline for conversion, the company said in a news release.

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

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