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Laurentian Bank declares dividends on its preferred shares
Laurentian Bank declares dividends on its preferred shares Laurentian Bank declare...
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[{"type":"text","content":"\n\n\n\nLaurentian Bank declares dividends on its preferred shares\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n\n\n\n\n\n\nLaurentian Bank declares dividends on its preferred shares\nCanada NewsWire\nMONTREAL, Nov. 1, 2016\n\n\n\nMONTREAL, Nov. 1, 2016 /CNW Telbec/ - The Board of Directors of the Laurentian Bank of Canada declared today the following dividends:\n\n\na dividend of $0.25 on the preferred shares Series 11, payable on December 15, 2016 to shareholders of record at the close of business on December 7, 2016. \na dividend of $0.26875 on the preferred shares Series 13, payable on December 15, 2016 to shareholders of record at the close of business on December 7, 2016. \na dividend of $0.365625 on the preferred shares Series 15, payable on December 15, 2016 to shareholders of record at the close of business on December 7, 2016.\nThe above-mentioned dividends are designated as eligible dividends for the purposes of the Income Tax Act (Canada) and any similar provincial and territorial legislation.\n\nThe 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.\n\nIn 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.\n\nFor 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.\n\n \nSOURCE Laurentian Bank of Canada\n\n\n\n\n\n\nLouise Bergeron, Vice-President, Executive Office, Office: 514 284-4500, extension 4840, Cellular: 514 978-0453, [email protected] CNW Group...