Laurentian Bank Financial Group declares dividends on its preferred shares
13 August 2020 - 9:35PM
Laurentian Bank of Canada (TSX: LB) (the “Bank”) announces that its
Board of Directors declared today the following dividends:
- a dividend of $0.2576875 on the preferred shares Series 13,
payable on September 15, 2020, to shareholders of record at the
close of business on September 8, 2020.
- a dividend of $0.365625 on the preferred shares Series 15,
payable on September 15, 2020, to shareholders of record at the
close of business on September 8, 2020.
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 (the "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 under the Plan, 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.
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.
About Laurentian Bank Financial
Group
Founded in 1846, Laurentian Bank Financial Group
is a diversified financial services provider whose mission is to
help its customers improve their financial health. The Laurentian
Bank of Canada and its entities are collectively referred to as
Laurentian Bank Financial Group (the “Group” or the “Bank”).
With more than 3,100 employees guided by the
values of proximity, simplicity and honesty, the Group provides a
broad range of advice-based solutions and services to its personal,
business and institutional customers. With pan-Canadian activities
and a presence in the U.S., the Group is an important player in
numerous market segments.
The Group has $45.4 billion in balance sheet
assets and $27.1 billion in assets under administration.
Information:
Hélène Soulard |
Assistant Vice President,
Communications |
514 926-3295 |
helene.soulard@lbcfg.ca |
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