Core Viewpoint - Pembina Pipeline Corporation is considering an offering of subordinated notes to redeem its outstanding preferred shares and for general corporate purposes [1] Group 1: Offering Details - The offering will be conducted under the short form base shelf prospectus dated December 13, 2023 [1] - The net proceeds from the offering are intended to be used for redeeming Cumulative Redeemable Rate Reset Class A Preferred Shares, Series 9 [1] Group 2: Financial Implications - The company aims to utilize the funds for general corporate purposes in addition to the redemption of preferred shares [1]

Group 1 - Partners Value Split Corp. intends to redeem all of its 5,996,800 outstanding Class AA Preferred Shares, Series 9 for cash on October 6, 2025 [1] - The redemption price per Preferred Share, Series 9 will be C$25.00 plus accrued and unpaid dividends of C$0.12, totaling C$25.12 per share [2] - After the redemption date, the Preferred Shares, Series 9 will no longer be entitled to dividends or any other participation in the company's asset distributions [3] Group 2 - The company owns approximately 120 million Class A Limited Voting Shares of Brookfield Corporation and about 25 million Class A Limited Voting Shares of Brookfield Asset Management Ltd., which are expected to yield sufficient quarterly dividends [4] - Brookfield Corporation is a leading global investment firm with three core businesses: alternative asset management, wealth solutions, and operating businesses in renewable power, infrastructure, and real estate [5] - Brookfield Asset Management Ltd. manages over US$1 trillion in assets across various sectors, including infrastructure and private equity, and offers a range of alternative investment products [6]