CALGARY, April 5, 2013 /CNW/ - Pembina Pipeline Corporation ("Pembina"
or the "Company") (TSX: PPL) (NYSE: PBA) announces the availability of
its Dividend Reinvestment Plan ("DRIP") to U.S. shareholders effective
The DRIP provides a convenient and cost-effective way for Pembina
shareholders to increase their investment in Pembina without incurring
commissions, service charges or similar fees in connection with the
purchase of new common shares from treasury (subject to any fees that
may be charged by the broker, investment dealer, financial institution
or other nominee through which you hold your shares). The new common
shares purchased with reinvested dividends will be issued from
Pembina's treasury at a 5% discount to the average market price
(calculated under the DRIP). Subject to the policies of the broker,
investment dealer, financial institution or other nominee through whom
the shares are held, full investment of reinvested funds is possible
since fractions of shares can be credited to accounts maintained under
U.S. shareholders are only permitted to participate in the dividend
reinvestment component of Pembina's Premium Dividend™ and Dividend
Reinvestment Plan. Only Canadian resident shareholders are currently
permitted to participate in the Premium Dividend™ component of the
A copy of the prospectus relating to the DRIP, which has been filed with
the United States Securities and Exchange Commission as part of a
Registration Statement on Form F-3, may be obtained by contacting
Investor Relations at Pembina at 1-855-880-7404. For information about how to enroll in the DRIP, please contact Computershare Trust Company of Canada at 1-800-564-6253.
April 2013 Dividend
The Board of Directors of Pembina has declared an April 2013 cash
dividend of $0.135 per share to be paid, subject to applicable law, on
May 15, 2013 to shareholders of record on April 25, 2013. 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.
For shareholders receiving their dividends in U.S. funds, the April 2013
cash dividend will be approximately U.S.$0.133 per share (before
deduction of any applicable Canadian withholding tax) based on a
currency exchange rate of 0.9813. The actual U.S. dollar dividend will
depend on the Canadian/U.S. dollar exchange rate on the payment date
and will be subject to applicable withholding taxes.
Confirmation of Record Date Policy
Pembina pays cash dividends in Canadian dollars on a monthly basis to
shareholders of record on the 25th calendar day of each month (except
for the December record date, which is December 31st), as and when
determined by the Board of Directors. Should the record date fall on a
weekend or a statutory holiday, the effective record date will be the
previous business day.
Calgary-based Pembina Pipeline Corporation is a leading transportation
and midstream service provider that has been serving North America's
energy industry for nearly 60 years. Pembina owns and operates:
pipelines that transport conventional and synthetic crude oil and
natural gas liquids produced in western Canada; oil sands, heavy oil
and diluent pipelines; gas gathering and processing facilities; and, an
oil and natural gas liquids infrastructure and logistics business. With
facilities strategically located in western Canada and in 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's integrated assets and commercial operations
enable it to offer services needed by the energy sector along the
hydrocarbon value chain.
SOURCE: Pembina Pipeline Corporation