MONTREAL, Feb. 4, 2025
/CNW/ - The Board of Directors of the Laurentian Bank of
Canada (TSX: LB) (the "Bank")
declared yesterday a dividend of $0.38725 on the preferred shares Series 13,
payable on March 15, 2025 (the
"Payment Date"), that will be paid out on March 17, 2025, the first business day after the
Payment Date, to shareholders of record at the close of business on
March 7, 2025.
The above-mentioned dividends are designated as eligible
dividends for the purposes of the Income Tax Act
(Canada) and any similar
provincial and territorial legislation.
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 as
defined in 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.
For more information, please contact Computershare Trust Company
of Canada by phone at
1-800-564-6253 or by e-mail at service@computershare.com, or by
mail 650 De Maisonneuve West 7th floor, Montreal, QC H3A 3T2. 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.
Registered holders who participate in the Plan who wish to
terminate that participation so that cash dividends to which they
are entitled to be paid on and after March
15, 2025, are not reinvested in common shares under the
Plan, must deliver written notice to Computershare Trust of
Canada at the above address by no
later than March 7, 2025. Beneficial
or non-registered holder who participate in the Plan and who wish
to terminate their participation so that cash dividends to which
they are entitled to be paid on and after March 15, 2025, are not reinvested in common
shares under the Plan must contact their financial institution or
broker for instructions on how to terminate participation in the
Plan in advance of March 7, 2025.
About Laurentian Bank
Founded in Montréal in 1846, Laurentian Bank wants to foster
prosperity for all customers through specialized commercial banking
and low-cost banking services to grow savings for middle-class
Canadians.
With a workforce of approximately 2,800 employees, the Bank
offers a wide range of financial services and advice-based
solutions to customers across Canada and the
United States. Laurentian Bank manages $47.4 billion in balance sheet assets and
$24.7 billion in assets under
administration.
SOURCE Laurentian Bank of Canada
