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May 18, 2021, Montreal (GLOBE NEWSWIRE)-Laurentian Bank of Canada (TSX:lb) (Hereinafter referred to as the “bank”) announced that its board of directors announced today the following dividends:
- The preferred stock series 13 dividend is US$0.2576875, which should be paid on June 15, 2021 to shareholders of record at the close of business on June 7, 2021.
- The dividend for the 15 series of preferred shares is $0.365625, which should be paid on June 15, 2021 to shareholders of record at the close of business on June 7, 2021.
As far as the company is concerned, the aforementioned dividends are designated as qualified dividends. Income Tax Law (Canada) and any similar provincial and territorial legislation.
Preference shares are qualified shares under the Bank’s shareholder dividend reinvestment and stock purchase plan (the “plan”). Therefore, holders of such shares may choose to reinvest their dividends in the newly issued ordinary shares of the Bank. Such purchases will be made in accordance with the applicable investment price under the plan, minus a 2% discount, and will not charge any brokerage commission or any form of service fee.
In addition, holders of such stocks have the right to pay an optional monthly cash payment to purchase additional common shares in accordance with the terms of the plan.
For more information, please contact Computershare Trust Company of Canada at 1-800-564-6253. Beneficial or non-registered owners of common stock and preferred stock must contact their financial institution or broker for instructions on how to participate in the program.
About Laurentian Bank Financial Group
Founded in 1846, Laurentian Bank Financial Group is a diversified financial service provider whose purpose is to help its clients improve their financial status. Laurentian Bank of Canada and its entities are collectively referred to as Laurentian Bank Financial Group (“Group” or “Bank”).
The group has more than 2,900 employees, guided by the values of intimacy, simplicity and honesty, to provide individual, corporate and institutional customers with various suggestions-based solutions and services. With pan-Canadian activities and operations in the United States, the group plays an important role in many market segments.
The group’s balance sheet assets are US$45.2 billion and assets under management are US$29.2 billion.
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