Laurentian Bank of Canada announces C$100 million bought deal financing

Laurentian Bank of Canada announces C$100 million bought deal financing 
Not for distribution to U.S. news wire services or dissemination in the United 
States. 
MONTREAL, Oct. 11, 2012 /CNW Telbec/ - Laurentian Bank of Canada (TSX: LB) 
("Laurentian") has announced today that it has entered into an agreement with 
a syndicate of underwriters led by RBC Dominion Securities Inc., CIBC World 
Markets Inc. and Laurentian Bank Securities Inc. (collectively, the 
"Underwriters"), under which the Underwriters have agreed to buy on a bought 
deal basis an aggregate of 4,000,000 Non-Cumulative Class A Preferred Shares, 
Series 11 (the "Preferred Shares Series 11"), at a price of $25.00 per 
Preferred Share Series 11 for gross proceeds of approximately $100 million 
(the "Offering").The Preferred Shares Series 11 will be offered for sale to 
the public in each of the provinces of Canada pursuant to a prospectus 
supplement to Laurentian's short form base shelf prospectus dated October 10, 
2012, which supplement will be filed with Canadian securities regulatory 
authorities in all Canadian provinces. 
Holders of Preferred Shares Series 11 will be entitled to receive 
non-cumulative preferential fixed quarterly dividends for the initial period 
ending on, but excluding, December 15, 2017, as and when declared by the board 
of directors of the Bank, payable in the amount of $0.25 per Preferred Share 
Series 11, to yield 4 per cent annually. 
Thereafter, the dividend rate will reset every five years to be equal to the 
5-Year Government of Canada Bond Yield plus 2.6 per cent. Subject to certain 
conditions, holders may elect to convert any or all of their Preferred 
Shares Series 11 into an equal number of Non-Cumulative Class A Preferred 
Shares, Series 12 (the "Preferred Shares Series 12") on December 15, 2017 and 
on December 15 every five year thereafter. Holders of the Preferred Shares 
Series 12 will be entitled to receive non-cumulative preferential floating 
rate quarterly dividends, as and when declared by the board of directors of 
the Bank, equal to the then 3-month Government of Canada Treasury Bill yield 
plus 2.6 per cent. 
The Offering is expected to close on or about October 18, 2012 and is subject 
to Laurentian receiving all necessary regulatory approvals. The net proceeds 
of this Offering will be used for general corporate purposes. 
The securities offered have not been registered under the U.S. Securities Act 
of 1933, as amended, and may not be offered or sold in the United States 
absent registration or an applicable exemption from the registration 
requirements.This press release shall not constitute an offer to sell or the 
solicitation of an offer to buy nor shall there be any sale of the securities 
in any State in which such offer, solicitation or sale would be unlawful. 
About Laurentian Bank 
Laurentian Bank of Canada is a pan-Canadian banking institution that has more 
than $35 billion in balance sheet assets and over $32 billion in assets under 
administration. Founded in 1846, Laurentian Bank was selected as the Québec 
and Atlantic Canada regional winner of the Canada's 10 Most Admired Corporate 
Cultures program presented by Waterstone Human Capital. The Bank employs more 
than 4,000 people. 
Recognized for its excellent service, proximity and simplicity, Laurentian 
Bank serves more than one million clients in market segments in which it holds 
an enviable position. In addition to occupying a choice position among 
consumers in Québec, where it operates the third largest branch network, the 
Bank has built a solid reputation across Canada in the area of real estate and 
commercial financing thanks to its teams working out of more than 35 offices 
in Ontario, Québec, Alberta and British Columbia. Its subsidiary, B2B Bank, 
is a Canadian leader in providing banking products to financial advisors and 
brokers, while Laurentian Bank Securities is an integrated broker, widely 
recognized for its expertise and effectiveness nationwide. 
Gladys Caron Vice-President, Public Affairs, Communications and Investor 
Relations 514 284-4500, extension 7511 
SOURCE: LAURENTIAN BANK OF CANADA 
To view this news release in HTML formatting, please use the following URL: 
http://www.newswire.ca/en/releases/archive/October2012/11/c6052.html 
CO: LAURENTIAN BANK OF CANADA
ST: Quebec
NI: FIN LOAN MNA  
-0- Oct/11/2012 14:00 GMT
 
 
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