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 immediately.
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 the Plan.
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 plan.
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.
About Pembina
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