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Pembina Halts Preferred Share Conversion

Pembina Halts Preferred Share Conversion

Pembina Pipeline Corp. (TSE:PPL) has released an update.

Pembina Pipeline Corporation has announced that the conversion of Series 5 Preferred Shares into Series 6 Shares will not occur as not enough shares were tendered for conversion by the May 17 deadline. The company, a key player in energy transportation and midstream services for 70 years, remains committed to connecting producers and consumers through its extensive network across North America. Pembina’s shares continue to be traded on both the Toronto and New York stock exchanges.

For further insights into TSE:PPL stock, check out TipRanks’ Stock Analysis page.

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