Laurentian Bank of Canada declares dividend on its preferred shares
May 17 2022 - 08:16AM
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, 2022, to
shareholders of record at the close of business on June 7,
2022.
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. Under the Plan, the Bank has the discretion to either
purchase the additional common shares in the open market or issue
them from treasury. If issued from treasury, the Bank may decide to
apply a discount of up to 5% to the Investment Price (as defined in
the Plan) of the additional shares. For the June 15, 2022 dividend,
the Bank will issue the additional shares from treasury, with no
discount.
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 1,500
Robert-Bourassa Blvd, Montreal, QC H3A 3S8. 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, 2022
are not reinvested in common shares under the Plan must deliver
written to Computershare Trust of Canada at the above address by no
later than June 7, 2022. Beneficial or non-registered holder
who participate in the Plan and who wish to terminate that
participation so that cash dividends to which they are entitled to
be paid on and after June 15, 2022 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, 2022.
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
more than 2,800 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 $46.1 billion in balance sheet assets and $30.2 billion in
assets under administration.
We drive results by placing our customers first,
making the better choice, acting courageously, and believing
everyone belongs.
Information:
Merick SeguinSenior Manager, Media RelationsLaurentian Bank of
Canadamerick.seguin@banquelaurentienne.ca514 451-3201
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