Business: Pembina Pipeline Corp., Cumulative Redeemable Rate Reset Class A Preferred Shares, Series 1 liquidation preference $25 Canadian dollars per share, redeemable at the issuer's option on 12/01/2018 and every December 1st in every fifth year thereafter at $25 Canadian dollars per share plus accrued and unpaid dividends, and with no stated maturity. <p> Cumulative distributions of one quarter of the Annual Fixed Dividend Rate will be paid quarterly on 3/1, 6/1, 9/1 & 12/1 to holders of record on the record date fixed by the board, not more than 60 days or less than 30 days prior to the payment date (NOTE: the ex-dividend date is one business day prior to the record date). The Annual Fixed Dividend Rate will be equal to the sum of the Government of Canada Yield of a Canadian dollar denominated non-callable Government of Canada 5 year maturity bond on the applicable fixed rate calculation date plus 2.47% (see prospectus for more details). <p> In regard to the payment of dividends and upon liquidation, the preferred shares rank junior to the company's senior debt, equally with other preferreds of the company, and senior to the common shares of the company. See the IPO prospectus for further information on the preferred stock.