Pembina Pipeline gives conversion results for series 1 preferred shares

Chicago, Nov. 16 – Pembina Pipeline Corp. said that none of its cumulative redeemable rate reset class A preferred shares, series 1, will be converted into cumulative redeemable floating-rate class A preferred shares, series 2, on Dec. 1, according to a press release.

Less than 1 million shares were tendered by the Nov. 16 deadline, not enough to effect conversions.

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

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