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News Releases

Pembina Announces February 2006 Distribution

CALGARY, Feb. 15, 2006 (Canada NewsWire via COMTEX News Network) -- Pembina Pipeline Income Fund announces the February 2006 cash distribution to Unitholders of 9.5 cents per Trust Unit, to be paid March 15, 2006 to Unitholders of record on February 28, 2006. Pembina has delivered stable and growing distributions since inception in October 1997 and, based on Pembina's outlook, Management is confident that its annual distribution objective, recently increased from $1.05 per unit to $1.14 per unit, will be achieved in 2006.

Pembina Pipeline Income Fund is a Canadian income fund engaged, through its operating subsidiaries, in the transportation of light conventional and synthetic crude oil, condensate and natural gas liquids in Western Canada. The Fund's securities trade on the Toronto Stock Exchange under the following symbols: PIF.UN - trust units; PIF.DB, PIF.DB.A and PIF.DB.B - convertible debentures.

This document contains forward-looking statements that involve risks and uncertainties. Such information, although considered reasonable by Pembina at the time of preparation, may prove to be incorrect and actual results may differ materially from those anticipated in the statements made. For this purpose, any statements that are contained herein that are not statements of historical fact may be forward-looking statements. Such risks and uncertainties include, but are not limited to risks associated with operations, loss of market, regulatory matters, environmental risks, industry competition, pipeline design and construction, and ability to access sufficient capital from internal and external sources.

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SOURCE: Pembina Pipeline Income Fund

Ms. Glenys Hermanutz, Manager, Corporate Development, Pembina Pipeline Corporation, (403) 231-7500,

 

1-888-428-3222, e-mail: investor-relations@pembina.com; To request a free copy of this organization's annual report,

 

please go to http://www.newswire.ca and click on Tools for Investors.