MONTREAL, May 23, 2024
/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 June 15, 2024, to shareholders of record at the
close of business on June 7, 2024.
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 at 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 June 15, 2024, 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
June 7, 2024. 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 June 15, 2024, 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 June 7, 2024.
About Laurentian Bank of
Canada
At Laurentian Bank, we believe we can change banking for the
better. By seeing beyond numbers.
Founded in Montréal 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 $48.1 billion in balance sheet assets and
$26.5 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