Business
Laurentian Bank of Canada declares dividend on its preferred shares
Laurentian Bank of Canada declares dividend on its preferred shares Canada NewsWire ...
About this update from Laurentian Bank Of Canada
[{"type":"text","content":"\n\n\n\n Laurentian Bank of Canada declares dividend on its preferred shares\n \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\n Canada NewsWire\n \n\n\n\n\n\n MONTREAL\n \n\n ,\n \n\n Aug. 16, 2024\n \n\n /CNW/ - The Board of Directors of the Laurentian Bank of\n \n Canada\n \n (TSX: LB) (the \"\n \n Bank\n \n \") declared yesterday a dividend of\n \n $0.38725\n \n on the preferred shares Series 13, payable on September 15, 2024, to shareholders of record at the close of business on\n \n September 9, 2024\n \n .\n \n\n\n\n\n\n\n\n\n The above-mentioned dividends are designated as eligible dividends for the purposes of the\n \n Income Tax Act\n \n (\n \n Canada\n \n ) and any similar provincial and territorial legislation.\n \n\n The preferred shares are eligible shares under the Bank's Shareholder Dividend Reinvestment and Share Purchase Plan (the \"\n \n Plan\n \n \"). 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.\n \n\n 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.\n \n\n For more information, please contact Computershare Trust Company of\n \n Canada\n \n by phone at 1-800-564-6253 or by e-mail at\n \n [email protected]\n \n , or by mail at 650 De Maisonneuve West 7th floor,\n \n Montreal, QC\n \n 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.\n \n\n 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 September 15, 2024, are not reinvested in common shares under the Plan, must deliver written notice to Computershare Trust of...