Shareholder Information

Inter Pipeline is covered by 18 research analysts, has investment grade credit ratings and provides general tax information.

Analyst Coverage

Inter Pipeline is formally covered by 18 research analysts

The firms and analysts listed below follow Inter Pipeline and provide research coverage.

Firm Analyst Phone
ATB Capital Markets Nate Heywood 403-539-8584
Barclays Christopher Tillett 212-526-4823
BMO Capital Markets Ben Pham 416-359-4061
Canaccord Genuity John Bereznicki 403-691-7805
CIBC World Markets Robert Catellier 416-956–6197
Credit Suisse Andrew Kuske 416-352-4561
Desjardins Capital Markets Justin Bouchard 403-532-6615
Industrial Alliance Securities Elias Foscolos 403-705-4980
J.P. Morgan  Jeremy Tonet 212-622-4915
National Bank Financial Patrick Kenny 403-290-5451
Peters & Co. Tyler Reardon 403-261-2282
Raymond James  Chris Cox 416-777-7175
RBC Capital Markets Robert Kwan 604-257-7611
Scotiabank Robert Hope 416-863-7798
Stifel FirstEnergy Ian Gillies 403-262-0626
TD Securities Linda Ezergailis 416-983-7784
Tudor, Pickering, Holt & Co. Matthew Taylor 403-705-7841
Wells Fargo Securities Praneeth Satish

212-214-8056

Please note that any opinions, estimates or forecasts regarding Inter Pipeline’s historic or future performance made by these analysts are theirs alone and do not represent opinions, forecasts or predictions of Inter Pipeline or its management. Inter Pipeline does not by its reference above endorse or concur with such information, conclusions or recommendations.

Credit Ratings

Inter Pipeline has investment grade credit ratings by S&P and DBRS

Inter Pipeline Ltd. is corporately rated by both S&P and DBRS. Both rating agencies, as well as financial institutions, exclude approximately $1.3 billion of non-recourse debt that is associated with Inter Pipeline (Corridor) Inc.

Inter Pipeline (Corridor) Inc. is a wholly-owned subsidiary of Inter Pipeline Ltd. and is independently rated by S&P as well as DBRS. All debt associated with Corridor is non-recourse to Inter Pipeline Ltd., with all financing costs directly recoverable through the terms of the Corridor Firm Service Agreement (FSA). For additional information on the Corridor pipeline system and Corridor FSA, please see our most recent Annual Information Form.

Inter Pipeline LTD.

Corporate Rating
S&P: BBB-
DBRS: BBB

Outlook
S&P: Negative
DBRS: Stable

Inter Pipeline (Corridor) Inc.

Corporate Rating
S&P: BBB-
DBRS: A (Low)

Commercial Paper
S&P: N/A
DBRS: R-1 (Low)

Outlook
S&P: Stable
DBRS: Stable

For information on the specific rating scales used, please visit the individual rating agency’s website:

For investor-related inquiries, please contact investorrelations@interpipeline.com or call toll-free 1-866-716-PIPE (7473).

Tax Information

Inter Pipeline provides tax information for general information purposes

This information is provided for general information purposes only and is not intended to be, nor should it be construed to be legal, business or tax advice. Inter Pipeline Ltd. (Inter Pipeline) recommends shareholders consult with a qualified tax advisor in their country of residence to obtain guidance with respect to their particular income tax situation.

Tax Information: Canadian Residents

Inter Pipeline advises shareholders that all dividends declared and paid on its common shares will be designated as “eligible dividends” for Canadian income tax purposes. The first such dividend was paid on or about October 15, 2013 to shareholders of record on September 23, 2013. This designation will continue to apply to all future dividends, as declared by the Board of Directors, until notification of a change is posted on this website.

Canadian resident individual shareholders who hold their Inter Pipeline common shares in a Registered Retirement Savings Plan (“RRSP”), Registered Pension Plan (“RPP”), Registered Retirement Income Fund (“RRIF”), Registered Education Savings Plan (“RESP”), Deferred Profit Sharing Plan (“DPSP”), Tax Free Savings Account (“TFSA”) or any other such registered plans do not need to report income related to cash dividends on their T1 Income Tax Return.

Canadian resident beneficial shareholders who hold their Inter Pipeline common shares outside of a RRSP, RPP, RRIF, RESP, DPSP, TFSA or other such registered plan will receive a T5 – Statement of Investment Income (“T5 Slip”) directly from their broker, investment dealer, financial institution, or other intermediary, not from Computershare Trust Company of Canada (“Computershare”) or Inter Pipeline.

Registered shareholders will receive a T5 Slip directly from Computershare and not from a broker, investment dealer, financial institution, other intermediary or Inter Pipeline.
The deadline for mailing T5 Slips as required by Canada Revenue Agency is the last day of February following the year in which the dividends were paid .

Tax Information: Non-Residents of Canada

Dividends payable by Inter Pipeline to shareholders who are non-resident of Canada for Canadian income tax purposes (“Non-Residents”) are generally subject to a 25% Canadian withholding tax unless the rate has been reduced pursuant to a tax treaty between Canada and the Non-Resident’s jurisdiction of residence. For example, an individual US resident shareholder who is entitled to the benefit of the US-Canada tax treaty may have their rate of withholding reduced to 15% based on their particular facts and circumstances.

Non-Residents are advised that they should obtain their own personal tax advice with respect to Canadian withholding tax and whether or not they are eligible to recover all or a portion of the tax withheld in Canada.

Inter Pipeline anticipates its common shares should be classified as equity in a qualifying foreign corporation and that dividends paid to its individual US resident holders should be treated as qualified dividends. Inter Pipeline does not anticipate that any portion of dividends paid during the year are treated as a non-taxable return of capital.

Inter Pipeline is not required to prepare or issue a Form 1099 DIV. US resident shareholders may receive a Form 1099 DIV from their broker or intermediary and should consult their brokers or tax advisors to ensure their information is accurately reflected on their tax returns.

As stated above, Canadian withholding tax applies on dividends to US resident holders. The rate of withholding tax depends on the treatment of the US resident shareholder as a qualified person under the US-Canada treaty based on the particular holder’s status. Canadian withholding tax should not apply to dividends paid on common shares held in a qualified retirement plan such as an IRA.

Holders or potential holders of Inter Pipeline shares should consult their own tax advisors regarding the particular treatment of holding Inter Pipeline shares.