MONTREAL, June 4, 2014 /CNW Telbec/ - Laurentian Bank of Canada's Board of
Directors announces today an increase of the dividend on its common shares
from 51 to 52 cents per common share. A regular quarterly dividend of 52 cents
per share was declared and will be payable on August 1, 2014 to the holders on
record at the close of business on July 2, 2014.
The above-mentioned dividend on the common shares is designated as an eligible
dividend for the purposes of the Income Tax Act (Canada) and any similar
provincial and territorial legislation.
The above-mentioned common 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.
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 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
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-0- Jun/04/2014 12:31 GMT
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