Veresen preferreds exchanged for Pembina preferreds after combination

By Sarah Lizee

Olympia, Wash., Oct. 2 – Veresen Inc.’s outstanding preferred shares were exchanged for Pembina Pipeline Corp. preferred shares following the closing of the combination of the two companies, according to a Monday press release.

The series 15 preferreds, which were previously Vereson’s series A preferreds, will be listed on the Toronto Stock Exchange as “PPL.PR.O.”

The series 17 preferreds, previously Vereson’s series C preferreds, will be listed as “PPL.PR.Q.”

The series 19 preferreds, previously Veresen’s series E preferreds, will be listed as “PPL.PR.S.”

Calgary, Alta.-based Pembina is a transportation and midstream service provider. Also based in Calgary, Veresen owns and operates energy infrastructure assets.

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