WIPG and Pembina, through Chinook Pathways, are prepared and ready to make a proposal to Canada for the purchase of Trans Mountain
There is no capital requirement from partner Indigenous groups. We are structuring the purchase transaction so that the participating groups will make zero financial contribution.
We are planning to make quarterly distributions to our unitholders of the distributable cash flows. The unitholders will have full autonomy in determining how distributions are spent.
WIPG’s external financial advisor is CIBC, a leading Canadian financial institution. WIPG is developing a financing plan with CIBC, targeting low cost of capital to optimize the financing of the purchase price offered and providing for the highest level of distributable cash flow to the participating Indigenous Communities.