MONTREAL, Nov. 14,
2023 /CNW/ - The Board of Directors of the Laurentian
Bank of Canada (TSX: LB) (the
"Bank") declared today a dividend of $0.2576875 on the preferred shares Series
13, payable on December 15, 2023, to shareholders of record at
the close of business on December 7, 2023.
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 as
defined in 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 by phone at
1-800-564-6253 or by e-mail at service@computershare.com, or by
mail 650 De Maisonneuve West 7th floor, Montreal, QC H3A 3T2. 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.
Registered holders who participate in the Plan who wish to
terminate that participation so that cash dividends to which they
are entitled to be paid on and after December 15, 2023, are
not reinvested in common shares under the Plan, must deliver
written notice to Computershare Trust of Canada at the above address by no later than
December 7, 2023. Beneficial or non-registered holder who
participate in the Plan and who wish to terminate their
participation so that cash dividends to which they are entitled to
be paid on and after December 15, 2023, are not reinvested in
common shares under the Plan must contact their financial
institution or broker for instructions on how to terminate
participation in the Plan in advance of December 7, 2023.
About Laurentian Bank of
Canada
At Laurentian Bank, we believe we can change banking for the
better. By seeing beyond numbers.
Founded in Montreal in 1846,
Laurentian Bank helps families, businesses and communities thrive.
Today, we have approximately 3,000 employees working together as
one team, to provide a broad range of financial services and
advice-based solutions for customers across Canada and the
United States. We protect, manage and grow $50.6 billion in balance sheet assets and
$27.4 billion in assets under
administration.
We drive results by placing our customers first, making the
better choice, acting courageously, and believing everyone
belongs.
SOURCE Laurentian Bank of Canada