Pembina Pipeline Corporation Announces Annual General Meeting and May 2012 Dividend
May 08 2012 - 10:52PM
PR Newswire (Canada)
CALGARY, May 9, 2012 /CNW/ - Pembina Pipeline Corporation
("Pembina" or the "Company") announced today that it will hold its
Annual General Meeting of Shareholders ("AGM") on Tuesday, May 22,
2012 at 2:00 p.m. MDT at the Metropolitan Conference Centre, 333 -
4th Avenue S.W., Calgary, Alberta, Canada. AGM Webcast Information
A live webcast of Pembina's AGM presentation to shareholders will
be available at
http://event.on24.com/r.htm?e=446082&s=1&k=68084DF7BEB354DDC30FCD899BE2485E.
Participants are required to register for the webcast at least 10
minutes before the presentation start time. The webcast will also
be available following the AGM on Pembina's website at
www.pembina.com. May Cash Dividend The Board of Directors of
Pembina has declared a May 2012 cash dividend of $0.135 per share
to be paid, subject to applicable law, on June 15, 2012 to
shareholders of record on May 25, 2012. This dividend is designated
an "eligible dividend" for Canadian income tax purposes. For
non-resident shareholders, Pembina's dividends are considered
"qualified dividends" and are subject to Canadian withholding tax.
Premium Dividend™ and Dividend Reinvestment Plan ("DRIP") Eligible
Pembina shareholders, as described in the DRIP documents available
at www.pembina.com, have an opportunity to receive, by reinvesting
the cash dividends declared payable by Pembina on your shares,
either (i) additional common shares at a discounted subscription
price equal to 95 percent of the Average Market Price (as defined
in the DRIP), pursuant to the "Dividend Reinvestment Component" of
the DRIP, or (ii) premium cash payment (the "Premium Dividend™")
equal to 102 percent of the amount of your reinvested dividends,
pursuant to the "Premium Dividend™ Component" of the DRIP, in
either case upon and subject to the terms and conditions of the
DRIP. Shareholders must contact the broker, investment dealer,
financial institution or other nominee through whom their Pembina
common shares are held to enroll in the DRIP. Further details and
enrollment forms for the DRIP are available on Pembina's website
under Investor Centre. Unless otherwise announced by Pembina, a
shareholder who is a resident of the United States or is otherwise
a "U.S. person" as that term is defined in Regulation S under the
United States Securities Act of 1933, as amended, may not
participate in either component of the Plan. DRIP proceeds will be
directed toward Pembina's ongoing 2012 capital program and the
reduction of outstanding bank debt. About Pembina With nearly 60
years experience, Calgary-based Pembina Pipeline Corporation is a
leading transportation and service provider to North America's
energy industry. Pembina owns and operates pipelines that transport
crude oil, natural gas liquids, diluent and diluted bitumen
produced in western Canada, offers a full spectrum of midstream and
marketing services and has a strong presence in the gas services
sector. Pembina also owns and manages a natural gas liquids
infrastructure and logistics business, with facilities
strategically located in western Canada and in the premium natural
gas liquids markets in eastern Canada and the U.S. Pembina provides
monthly cash dividends to its shareholders. Pembina's common shares
and convertible debentures are traded on the Toronto Stock Exchange
under the symbols PPL and PPL.DB.C, PPL.DB.E and PPL.DB.F
respectively. Pembina's common shares are traded on the New York
Stock Exchange under the symbol PBA. All dollar values are in
Canadian dollars unless otherwise stated. Forward looking
statements Pembina Pipeline Corporation CONTACT: Investor
RelationsAshley Nuell or Hayley Nelson(403)
231-75001-888-428-3222e-mail:
investor-relations@pembina.comwww.pembina.com
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