CALGARY, June 8, 2012 /CNW/ - The Board of Directors of Pembina Pipeline
Corporation ("Pembina" or the "Company") (TSX: PPL; NYSE: PBA) 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,
(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.
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.
SOURCE Pembina Pipeline Corporation
For further information:
Ashley Nuell or Hayley Nelson