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at 02:06 Aug 04,2020
News Release

Pembina Pipeline Files Short Form Base Shelf Prospectus


    CALGARY, July 22 /CNW/ - Pembina Pipeline Income Fund (the "Fund") (TSX:
PIF.UN, PIF.DB.B), is pleased to announce that on July 17, 2009 it filed a
Short Form Base Shelf Prospectus with Canadian regulatory authorities in each
of the provinces of Canada. Under provisions detailed in the Short Form Base
Shelf Prospectus, the Fund may offer and issue, from time to time: (i) trust
units; (ii) any bonds, debentures, notes or other evidences of indebtedness of
any kind, nature or description of the Fund; (iii) warrants to purchase Trust
Units and warrants to purchase Debt Securities; and (iv) subscription receipts
of the Fund (collectively, the "Securities") of up to $1,000,000,000 aggregate
initial offering price of Securities during the 25 month period that this
prospectus is valid. Securities may be offered separately or together, in
amounts, at prices and on terms to be determined based on market conditions at
the time of sale and set forth in one or more shelf prospectus supplements.
    The issuance of this press release does not constitute an offer to sell
or a solicitation of an offer to buy the aforementioned Securities. A public
offering of the Securities will only be made in those jurisdictions where they
may be lawfully offered for sale following registration or qualification under
the securities laws of such jurisdiction and therein only by persons permitted
to sell such Securities. The Fund may offer and sell Securities to or through
underwriters or dealers and also may offer and sell certain Securities
directly to other purchasers or through agents. A prospectus supplement
containing the specific terms related to each issue of Securities offered
thereby will set forth the names of any underwriters, dealers or agents
involved in the sale of such Securities and the compensation of any such
underwriters, dealers or agents.

    Pembina Pipeline Income Fund is among the leading issuers in the Canadian
energy infrastructure trust sector. Pembina's extensive network of
conventional liquids feeder pipelines, growing presence in the oil sands,
heavy oil, midstream and gas services sectors provide an integral service to
the western Canadian energy industry. This balanced portfolio of premium,
long-life energy infrastructure assets supports the stability and
sustainability of the Fund.

    Forward-Looking Information and Statements

    This news release contains certain forward-looking information and
statements that are based on the Fund's current expectations, estimates,
projections and assumptions in light of its experience and its perception of
historical trends. In this news release, such forward-looking information and
statements can be identified by terminology such as "may", "will", and similar
    The forward-looking statements are not guarantees of future performance
and are subject to a number of known and unknown risks and uncertainties, many
of which are beyond the Fund's control. These risks and uncertainties include,
among other things, those detailed under the heading "Risk Factors" in the
Fund's annual information form for the year ended December 31, 2008 and the
Fund's management's discussion and analysis for the year ended December 31,
2008, each of which can be found under the Fund's SEDAR profile at
www.sedar.com. Accordingly, readers are cautioned that events or circumstances
could cause results to differ materially from those predicted, forecasted or
projected. Undue reliance should not be placed on these forward-looking
statements as both known and unknown risks and uncertainties, including those
business risks referred to above, may cause actual performance and financial
results in future periods to differ materially from any projections of future
performance or results expressed or implied by such forward-looking
statements. Such forward-looking statements are expressly qualified by the
above statements. The Fund does not undertake any obligation to publicly
update or revise any forward-looking statements or information contained
herein, except as required by applicable laws.

For further information: Glenys Hermanutz, Vice President, Corporate
Affairs, Pembina Pipeline Corporation, (403) 231-7500, 1-888-428-3222, e-mail: