MONTREAL, May 20, 2015 /CNW Telbec/ - The Board of Directors of the Laurentian Bank of Canada declared today the following dividends:
- a dividend of $0.25 on the preferred shares Series 11, payable on June 15, 2015 to shareholders of record at the close of business on June 8, 2015.
- a dividend of $0.26875 on the preferred shares Series 13, payable on June 15, 2015 to shareholders of record at the close of business on June 8, 2015.
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 above-mentioned preferred shares are Eligible Shares under the Bank's Shareholder Dividend Reinvestment and Share Purchase. For the dividends payable on June 15, 2015, the Bank has determined, in accordance with the terms of the Plan, that shares will, until further notice, be purchased in the open market. Consequently, no discount will apply to such purchases.
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 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