|Delayed - 01/26 10:53:42 am|
Laurentian Bank of Canada : Financial Group declares dividends on its preferred shares
|11/03/2020 | 10:47am|
- a dividend of
$0.2576875on the preferred shares Series 13, payable on December 15, 2020, to shareholders of record at the close of business on December 7, 2020.
- a dividend of
$0.365625on the preferred shares Series 15, payable on December 15, 2020, to shareholders of record at the close of business on December 7, 2020.
The above-mentioned dividends are designated as eligible dividends for the purposes of the Income Tax Act (
The preferred shares are Eligible Shares under the Bank’s Shareholder Dividend Reinvestment and Share Purchase Plan (the "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 under the Plan, 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.
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Founded in 1846,
With more than 2,900 employees guided by the values of proximity, simplicity and honesty, the Group provides a broad range of advice-based solutions and services to its personal, business and institutional customers. With pan-Canadian activities and a presence in the
The Group has
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