MONTREAL, Aug. 20, 2014 /CNW Telbec/ - The Board of Directors of the
Laurentian Bank of Canada declared today the following dividends:
-
a dividend of $0.25 on the preferred shares Series 11, payable on
September 15, 2014 to shareholders of record at the close of business
on September 8, 2014.
-
a dividend of $0.26875 on the preferred shares Series 13, payable on
September 15, 2014 to shareholders of record at the close of business
on September 8, 2014.
The above-mentioned dividends are designated as eligible dividends for
the purposes of the Income Tax Act (Canada) and any similar provincial and territorial legislation.
The preferred shares are Eligible Shares under the Bank's Shareholder
Dividend Reinvestment and Share Purchase Plan. Consequently, the
holders of such shares may elect to reinvest their dividends in newly
issued Common Shares of the Bank. Such purchases will be made at the
applicable Investment Price, less a discount of 2%, and no brokerage
commissions or service charges of any kind will apply.
In addition, holders of such shares are entitled to make monthly
optional cash payments to purchase additional Common Shares in
accordance with the terms of the Plan. No discount will apply to such
purchases.
For more information, please contact Computershare Trust Company of
Canada at 1-800-564-6253. Beneficial or non-registered owners of common
and preferred shares must contact their financial institution or broker
for instructions on how to participate in the Plan.
SOURCE Laurentian Bank of Canada
<p> </p> <p> <b>Gladys Caron</b><br/> Vice-President,<br/> Public Affairs, Communications and Investor Relations<br/> Office: (514) 284-4500, extension 7511<br/> Cellular: (514) 893-3963<br/> <a href="mailto:gladys.caron@banquelaurentienne.ca">gladys.caron@banquelaurentienne.ca</a> </p>