CALGARY, Jan. 11, 2006 (Canada NewsWire via COMTEX News Network) -- Pembina Pipeline Income Fund announces the January 2006 cash distribution to Unitholders of 9.5 cents per Trust Unit, to be paid February 15, 2006 to Unitholders of record on January 31, 2006. In December, Pembina's Board of Directors approved a nine percent increase in the distribution rate to 9.5 cents per month, or $1.14 annualized. Monthly distributions have increased from the 8.75 cents per month rate, or $1.05 annually, that have been paid since 2001.
Higher monthly distributions are supported by strong operational results produced by Pembina's conventional assets coupled with growth in its oilsands and midstream business units, which have generated a significant and sustainable increase in cash flow. Pembina has achieved these results through the disciplined execution of its corporate strategy, delivering stable and growing cash distributions to Unitholders.
Pembina Pipeline Income Fund is a Canadian income fund engaged, through its operating subsidiaries, in the transportation of light conventional and synthetic crude oil, condensate and natural gas liquids in Western Canada. The Fund's securities trade on the Toronto Stock Exchange under the following symbols: PIF.UN - trust units; PIF.DB, PIF.DB.A and PIF.DB.B - convertible debentures.
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]; To request a free copy of this organization's annual report, please go to http://www.newswire.ca and click on Tools for Investors.