 CALGARY, AB , Jan. 16, 2023 PRNewswire - Pembina Pipeline Corporation Pembina or the Company TSX: PPL; NYSE: PBA announced today that it does not intend to exercise its right to redeem the currently outstanding Cumulative Redeemable Minimum Rate Reset Class A Preferred Shares, Series 25 Series 25 Shares TSX: PPL.PF.E on February 15, 2023. The Company also announced that its Board of Directors has declared quarterly dividends for the Companys preferred shares, Series 1, 3, 5, 7, 9, 15, 17, 19, 21 and 25. 