- The unitholders of Pembina Pipeline Income Fund (TSX:PIF.UN) have approved the conversion of the company to a corporate structure through a Plan of Arrangement. The units will be exchanged on a 1-for-1 basis for Pembina Pipeline Corporation (TSX:PPL). As a result of the conversion, Pembina Pipeline Income Fund will be removed from the S&P/TSX Income Trust and Capped Energy Trust Indices. Pembina Pipeline Corporation will be added to the S&P/TSX Equity, Capped Equity and Equity Completion Indices. The conversion is effective after the close of Monday, October 4, 2010. The name and ticker change, with no change in capitalization, will be effective in the S&P/TSX Composite, Capped Composite and the S&P/TSX Completion indices.
Company additions to and deletions from an S&P equity index do not in any way reflect an opinion on the investment merits of the company.
