Pembina Pipeline Corporation Announces June 2012 Dividend
June 08 2012 - 4:00PM
PR Newswire (Canada)
CALGARY, June 8, 2012 /CNW/ - The Board of Directors of Pembina
Pipeline Corporation ("Pembina" or the "Company") has declared a
June 2012 cash dividend of $0.135 per share to be paid, subject to
applicable law, on July 13, 2012 to shareholders of record on June
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 at this time as a
result of applicable securities laws. DRIP proceeds will be
directed toward Pembina's ongoing 2012 capital program and the
reduction of outstanding bank debt. About Pembina Calgary-based
Pembina Pipeline Corporation is a leading transportation and
midstream service provider with nearly 60 years serving North
America's energy industry. Pembina owns and operates: pipelines
that transport conventional crude oil and natural gas liquids
produced in western Canada; oil sands and heavy oil pipelines; gas
gathering and processing facilities; and 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 also
offers a full spectrum of midstream and marketing services that
span across its operations. 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. Pembina Pipeline Corporation CONTACT:
Investor RelationsAshley Nuell or Hayley Nelson(403)
231-31561-855-880-7404e-mail:
investor-relations@pembina.comwww.pembina.com
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