MONTREAL, May 21, 2014 /CNW Telbec/ - The Board of Directors of the Laurentian
Bank of Canada declared today the following dividends:
-- a dividend of $0.328125 on the preferred shares Series 10,
payable on June 15, 2014 to shareholders of record at the close
of business on June 6, 2014.
-- a dividend of $0.25 on the preferred shares Series 11, payable
on June 15, 2014 to shareholders of record at the close of
business on June 6, 2014.
-- an initial dividend of $0.2150 on the preferred shares Series
13, payable on June 15, 2014 to shareholders of record at the
close of business on June 6, 2014.
The above-mentioned dividends are designated as eligible dividends for the
purposes of the Income Tax Act (Canada) and any similar provincial and
The 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
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. No discount will apply to such purchases.
For 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.
SOURCE Laurentian Bank of Canada
Gladys Caron Vice-President, Public Affairs, Communications and Investor
Relations Office: (514) 284-4500, extension 7511 Cellular: (514) 893-3963
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CO: Laurentian Bank of Canada
NI: FIN DIV FIN
-0- May/21/2014 13:27 GMT
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