CALGARY,
May 9, 2012 /PRNewswire/ - Pembina
Pipeline Corporation ("Pembina" or the "Company") (TSX: PPL) (NYSE:
PBA) 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
SOURCE Pembina Pipeline Corporation