KML Announces Independent Proxy Advisors have Endorsed the Pembina Transaction

CALGARY, Nov. 26, 2019 /PRNewswire/ – Kinder Morgan Canada Limited (TSX: KML) is pleased to announce that leading independent proxy advisory firms Institutional Shareholder Services Inc. (ISS) and Glass Lewis & Co. (Glass Lewis) have recommended that the holders of KML’s restricted voting shares and special voting shares (together, the Voting Shareholders) vote in favour of the proposed acquisition of KML’s outstanding common equity by Pembina Pipeline Corporation (Pembina) by way of a statutory arrangement under the Business Corporations Act (Alberta) (the Arrangement). The special meetings of Voting Shareholders and holders of KML preferred shares (Preferred Shareholders) to approve the Arrangement are scheduled for December 10, 2019.