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Pembina Pipeline gives conversion results for series 21 preferred shares
Chicago, Feb. 14 – Pembina Pipeline Corp. announced the conversion results relating to its series 21 cumulative redeemable minimum rate reset class A preferred shares, according to a press release.
Holders of 1,028,130 of the 16 million shares elected to convert their shares on a one-to-one basis into series 22 cumulative redeemable floating-rate class A preferred shares.
After the conversion closes, there will be 14,971,870 series 21 shares and 1,028,130 series 22 shares.
The shares will be listed on the Toronto Stock Exchange as “PPLPfA” and “PPLPfB.”
Calgary, Alta.-based Pembina Pipeline is a transportation and midstream service provider to the energy industry.
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