UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 6-K
REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR
15d-16
UNDER THE SECURITIES EXCHANGE ACT OF 1934
For the month of December 2021
Commission File Number: 001-35563
PEMBINA PIPELINE CORPORATION
(Name of registrant)
(Room #39-095) 4000, 585
8th Avenue S.W.
Calgary, Alberta T2P 1G1
(Address of principal executive offices)
Indicate by check mark whether the registrant files or will file
annual reports under cover of Form 20-F or Form 40-F.
Indicate by check mark if the registrant is submitting the Form 6-K
in paper as permitted by Regulation S-T
Rule 101(b)(1): o
Indicate by check mark if the registrant is submitting the Form 6-K
in paper as permitted by Regulation S-T
Rule 101(b)(7): o
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of
1934, the registrant has duly caused this report to be signed on
its behalf by the undersigned, thereunto duly authorized.
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PEMBINA PIPELINE
CORPORATION |
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Date: December 6,
2021 |
By: |
/s/ Scott
Burrows |
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Name: Scott
Burrows |
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Title: Interim Chief Executive
Officer |
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Form
6-K Exhibit Index
Exhibit 99.1
Pembina Pipeline Corporation Declares December 2021 Common Share
Dividend and Announces 2022 Business Update Conference Call and
Webcast
CALGARY, AB, Dec. 6, 2021 /CNW/ - Pembina Pipeline Corporation
("Pembina" or the "Company") (TSX: PPL) (NYSE: PBA) announced today
that its Board of Directors has declared a common share cash
dividend for December 2021 of $0.21 per share to be paid, subject
to applicable law, on January 14, 2022 to shareholders of record on
December 31, 2021. The common share dividends are designated
"eligible dividends" for Canadian income tax purposes. For
non-resident shareholders, Pembina's common share dividends should
be considered "qualified dividends" and may be subject to Canadian
withholding tax.
For shareholders receiving their common share dividends in U.S.
funds, the December 2021 cash dividend is expected to be
approximately U.S. $0.1639 per share (before deduction of any
applicable Canadian withholding tax) based on a currency exchange
rate of 0.7803. 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 and Payment Date Policy
Pembina pays cash dividends on its common shares 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), if, 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. The dividend payment date is the 15th
calendar day of the month following the record date. Should the
payment date fall on a weekend or on a statutory holiday, the
business day prior to the weekend or statutory holiday becomes the
payment date.
2022 Guidance and Business Update Conference Call &
Webcast
Pembina will host a webcast and conference call
on Wednesday, December 8, 2021 at 9:00 a.m.
MT (11:00 a.m. ET) where the Company's executive team will
provide a general business update, including progress on
environmental, social & governance priorities, and outline the
Company's 2022 outlook. Randy Findlay, Chair of Pembina's Board of
Directors will also be joining the call to provide a message from
the Board. The conference call dial-in numbers
for Canada and the U.S. are 647-792-1240 or 800-437-2398.
A recording of the conference call will be available for replay
until December 15, 2021 at 11:59 p.m. ET. To access
the replay, please dial either 647-436-0148 or 888-203-1112 and
enter the password 6464560.
A live webcast of the conference call can be accessed
on Pembina's website at www.pembina.com under
Investor Centre/ Presentation & Events, or by entering:
https://produceredition.webcasts.com/starthere.jsp?ei=1499099&tp_key=9492e908e4
in your web browser. Shortly after the call, the presentation and
an archive of the webcast will be posted on Pembina's website for a
minimum of 90 days at
https://www.pembina.com/investors/presentations-events/.
About Pembina
Pembina is a leading transportation and midstream service provider
that has been serving North America's energy industry for more than
65 years. Pembina owns an integrated system of pipelines that
transport various hydrocarbon liquids and natural gas products
produced primarily in western Canada. The Company also owns gas
gathering and processing facilities; an oil and natural gas liquids
infrastructure and logistics business; and is growing an export
terminals business. Pembina's integrated assets and commercial
operations along the majority of the hydrocarbon value chain allow
it to offer a full spectrum of midstream and marketing services to
the energy sector. Pembina is committed to identifying additional
opportunities to connect hydrocarbon production to new demand
locations through the development of infrastructure that would
extend Pembina's service offering even further along the
hydrocarbon value chain. These new developments will contribute to
ensuring that hydrocarbons produced in the Western Canadian
Sedimentary Basin and the other basins where Pembina operates can
reach the highest value markets throughout the world.
Purpose of Pembina:
To be the leader in delivering integrated infrastructure solutions
connecting global markets:
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Customers choose us first for
reliable and value-added services;
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Investors receive sustainable
industry-leading total returns;
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Employees say we are the
'employer of choice' and value our safe, respectful, collaborative
and inclusive work culture; and
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Communities welcome us and
recognize the net positive impact of our social and environmental
commitment.
Pembina is structured into three Divisions: Pipelines Division,
Facilities Division and Marketing & New Ventures Division.
Pembina's common shares trade on the Toronto and New York stock
exchanges under PPL and PBA, respectively. For more information,
visit www.pembina.com.
Forward-Looking Information and Statements
This news release contains certain forward-looking information
and statements (collectively, "forward-looking statements"),
including forward-looking statements within the meaning of the
"safe harbor" provisions of applicable securities legislation, that
are based on Pembina's current expectations, estimates, projections
and assumptions in light of its experience and its perception of
historical trends. In some cases, forward-looking statements can be
identified by terminology such as "continue", "anticipate",
"schedule", "will", "expects", "estimate", "potential", "planned",
"future", "outlook", "strategy", "protect", "trend", "commit",
"maintain", "focus", "ongoing", "believe" and similar expressions
suggesting future events or future performance.
In particular, this news release contains forward-looking
statements relating to: future dividends which may be declared on
Pembina's common shares; the timing and the amount of such dividend
payments; and the expected tax treatment thereof. The
forward-looking statements are based on certain assumptions that
Pembina has made in respect thereof as at the date of this news
release regarding, among other things: the success of Pembina's
operations and growth projects; prevailing commodity prices,
margins, volumes and exchange rates; that Pembina's future results
of operations will be consistent with past performance and
management expectations in relation thereto; the availability of
capital to fund future capital requirements relating to existing
assets and projects; future operating costs; that all required
regulatory and environmental approvals can be obtained on the
necessary terms in a timely manner; prevailing regulatory, tax and
environmental laws and regulations; maintenance of operating
margins; and the availability of coverage under Pembina's insurance
policies (including in respect of Pembina's business interruption
insurance policy).
Although Pembina believes the expectations and material factors
and assumptions reflected in these forward-looking statements are
reasonable as of the date hereof, there can be no assurance that
these expectations, factors and assumptions will prove to be
correct. These forward-looking statements are not guarantees of
future performance and are subject to a number of known and unknown
risks and uncertainties including, but not limited to: the
regulatory environment and decisions; Indigenous and landowner
consultation requirements; the impact of competitive entities and
pricing; reliance on third parties to successfully operate and
maintain certain assets; the strength and operations of the oil and
natural gas production industry and related commodity prices;
non-performance or default by counterparties to agreements which
Pembina or one or more of its affiliates has entered into in
respect of its business; actions by governmental or regulatory
authorities; the ability of Pembina to acquire or develop the
necessary infrastructure in respect of future development projects;
fluctuations in operating results; adverse general economic and
market conditions in Canada, North America and worldwide; risks
relating to the current and potential adverse impacts of the
COVID-19 pandemic; the ability to access various sources of debt
and equity capital; changes in credit ratings; counterparty credit
risk; and certain other risks and uncertainties detailed in
Pembina's restated management's discussion and analysis and
restated annual information form, each for the year ended December
31, 2020 and filed on November 18, 2021, and from time to
time in Pembina's public disclosure documents available at
www.sedar.com, www.sec.gov and through Pembina's website at
www.pembina.com.
This list of risk factors should not be construed as exhaustive.
Readers are cautioned that events or circumstances could cause
actual results to differ materially from those predicted,
forecasted or projected. The forward-looking statements contained
in this news release speak only as of the date hereof. Pembina does
not undertake any obligation to publicly update or revise any
forward-looking statements or information contained herein, except
as required by applicable laws. The forward-looking statements
contained in this news release are expressly qualified by this
cautionary statement.
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For further information: Investor Relations, Scott Arnold,
(403) 231-3156, 1-855-880-7404, e-mail:
investor-relations@pembina.com, www.pembina.com
CO: Pembina Pipeline Corporation
CNW 17:22e 06-DEC-21
This regulatory filing also includes additional resources:
ex991.pdf
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