CALGARY, Jul 13, 2006 (Canada NewsWire via COMTEX News Network) -- Pembina Pipeline Income Fund announces the July 2006 cash distribution to Unitholders of 9.5 cents per Trust Unit, to be paid August 15, 2006 to Unitholders of record on July 31, 2006. Pembina has delivered stable and growing distributions since inception in October 1997 and, based on Pembina's outlook, Management is confident that its annual distribution objective will be achieved in 2006.
A component of the Fund's cash distributions are taxable in the hands of the Unitholder, with the remaining portion a return of capital, unless held in a tax-deferred account. Pembina estimates 75 percent of the 2006 distributions will be taxable and 25 percent will be a return of capital for Canadian tax purposes. Pembina's distributions are subject to current domestic tax laws which require a withholding tax from distribution income to nonresidents of Canada.
Pembina Pipeline Income Fund (TSX: PIF.UN, PIF.DB.A, PIF.DB.B) is among the leading issuers in the Canadian energy infrastructure trust sector. Pembina's extensive network of conventional liquids feeder pipelines, and growing presence in the oil sands and midstream 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. Information on the Pembina Pipeline Income Fund is available on the Company's website at www.pembina.com.
This document contains forward-looking statements that involve risks and uncertainties. Such information, although considered reasonable by Pembina at the time of preparation, may prove to be incorrect and actual results may differ materially from those anticipated in the statements made. For this purpose, any statements that are contained herein that are not statements of historical fact may be forward-looking statements. Such risks and uncertainties include, but are not limited to risks associated with operations, loss of market, regulatory matters, environmental risks, industry competition, pipeline design and construction, and ability to access sufficient capital from internal and external sources.
SOURCE: Pembina Pipeline Income Fund
Ms. Glenys Hermanutz, Manager, Corporate Development, Pembina Pipeline Corporation,
(403) 231-7500, 1-888-428-3222, e-mail: [email protected]