05:17 PM EST, 12/09/2024 (MT Newswires) -- Pembina Pipeline ( PBA ) after trade Monday said that it plans to redeem all of its about 1.03 million cumulative redeemable floating rate class A preferred shares, Series 22 on Jan. 8.

The shares will be redeemed for C$25.50 each, plus any unpaid dividends, but excluding the redemption price. The total redemption amount will be about C$26 million, the company said.

The company added that it has notified the sole registered holder of the Series 22 Shares about the redemption price and date, as outlined in its articles of amendment dated Dec. 1, 2017.