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 January 2022
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: January 6, 2022 |
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 January
2022 Common Share Dividend, Quarterly Preferred Share Dividends and Announces Fourth Quarter 2021 Results Conference Call and Webcast
CALGARY, AB, Jan. 6, 2022 /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 January 2022 of $0.21 per share to be paid, subject to applicable law, on February 15, 2022 to shareholders
of record on January 25, 2022. 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 January 2022 cash dividend is expected to be approximately U.S. $0.1651 per share (before deduction of any applicable
Canadian withholding tax) based on a currency exchange rate of 0.7863. 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.
Pembina's Board of Directors also declared quarterly
dividends for the Company's preferred shares, Series 1, 3, 5, 7, 9, 15, 17, 19, 21, 23 and 25. Series 1, 3, 5, 7, 9 and 21 preferred share
dividends are payable on March 1, 2022 to shareholders of record on February 1, 2022. Series 15, 17 and 19 preferred share dividends are
payable on March 31, 2022 to shareholders of record on March 15, 2022. Series 23 and 25 preferred share dividends are payable on February
15, 2022 to shareholders of record on January 31, 2022.
Series |
Dividend Amount |
Preferred Shares, Series 1 (PPL.PR.A) |
$0.306625 |
Preferred Shares, Series 3 (PPL.PR.C) |
$0.279875 |
Preferred Shares, Series 5 (PPL.PR.E) |
$0.285813 |
Preferred Shares, Series 7 (PPL.PR.G) |
$0.273750 |
Preferred Shares, Series 9 (PPL.PR.I) |
$0.268875 |
Preferred Shares, Series 15 (PPL.PR.O) |
$0.279000 |
Preferred Shares, Series 17 (PPL.PR.Q) |
$0.301313 |
Preferred Shares, Series 19 (PPL.PR.S) |
$0.292750 |
Preferred Shares, Series 21 (PPL.PF.A) |
$0.306250 |
Preferred Shares, Series 23 (PPL.PF.C) |
$0.328125 |
Preferred Shares, Series 25 (PPL.PF.E) |
$0.325000 |
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.
Dividends on the preferred shares Series 1, 3, 5,
7, 9 and 21 are payable on the first calendar day of March, June, September and December in each year, if, as and when declared by the
Board of Directors to shareholders of record on the first calendar day of the preceding month, or, if such payment or record date is not
a business day, the next succeeding business day after the weekend or statutory holiday. Dividends on the preferred shares Series 15,
17 and 19 are payable on the last calendar day of March, June, September and December in each year, if, as and when declared by the Board
of Directors to shareholders of record on the 15th calendar day of the same month, or, if such payment or record date is not
a business day, the next succeeding business day after the weekend or statutory holiday. Dividends on the preferred shares Series 23 and
25 are payable on the 15th day of February, May, August and November in each year, if, as and when declared by the Board of
Directors to shareholders of record on the last business day of the preceding month, or, if such payment or record date is not a business
day, the next succeeding business day after the weekend or statutory holiday.
Conference Call and Webcast Details for Fourth
Quarter 2021 Results
Pembina will release its fourth quarter 2021 results
on Thursday, February 24, 2022 after markets close. A conference call and webcast have been scheduled for Friday, February 25, 2022, at
8:00 a.m. MT (10:00 a.m. ET) for interested investors, analysts, brokers and media representatives.
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 March 4, 2022 at 11:59
p.m. ET. To access the replay, please dial either 647-436-0148 or 888-203-1112 and enter the password 8107708.
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=1501576&tp_key=bab2a068be in
your web browser. Shortly after the call, an audio archive will be posted on the website for a minimum of 90 days.
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:
- Customers choose us first
for reliable and value-added services;
- Investors receive sustainable
industry-leading total returns;
- Employees say we
are the 'employer of choice' and value our safe, respectful, collaborative and inclusive work culture; and
- 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 and preferred shares; the timing and the amount
of such dividend payments; and the expected tax treatment thereof; and the timing for the release of Pembina's fourth quarter 2021 results.
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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SOURCE Pembina Pipeline Corporation
View original content to download multimedia: http://www.newswire.ca/en/releases/archive/January2022/06/c6282.html
%CIK: 0001546066
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 17:01e 06-JAN-22
This regulatory filing also includes additional resources:
ex991.pdf
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