MONTREAL, Oct. 8, 2013 /CNW Telbec/ - Laurentian Bank is offering a new
investment product — the Canadian Growth ActionGIC 1 — which is aimed at savers who wish to obtain a higher potential return
on their investment vehicles, while preserving their capital.
The Canadian Growth ActionGIC offers a maximum return of 12% for a term of three years. It is
eligible for both registered accounts (RRSP, TFSA, RRIF and LIF) and
non-registered accounts with a minimum investment of $500.
"With an investment as low as $500, savers can take advantage of a solid
potential return from the stock market and see their capital protected
as well," underlines Bianca Dupuis, Assistant Vice-President of
Investment and Transactional Product Management at Laurentian Bank.
"This investment is particularly interesting for clients whose profile
does not include the holding of mutual funds or securities. The product
becomes even more attractive when combined with our bonus promotion of
up to 2% on all guaranteed investment certificates transferred to
Composition of the Canadian Growth ActionGIC Portfolio
The Canadian Growth ActionGIC is a guaranteed capital investment whose return is based on that of
Mackenzie Canadian All Cap Dividend Class Series LB. This fund invests
in a broad range of higher-yielding assets, including Canadian
dividend-paying securities and preferred shares. For the individual
investor, this vehicle provides the opportunity to benefit from the
performance of handpicked Canadian companies, while offering the peace
of mind of knowing their capital is guaranteed. The wide variety of
securities held makes for a diversified portfolio, an optimized
potential return, and reduced risk.
About Laurentian Bank
Laurentian Bank of Canada is a pan-Canadian banking institution that has
$34 billion in balance sheet assets and $37 billion in assets under
administration. Founded in 1846, Laurentian Bank was selected in 2012
as one of the 10 winners of the Canada's Passion Capitalists program in
recognition of its sustained success in creating "Passion Capital"
among its people. The Bank employs more than 4,200 people.
Recognized for its excellent service, proximity and simplicity,
Laurentian Bank serves more than one million clients in market segments
in which it holds an enviable position. In addition to occupying a
choice position among consumers in Québec, where it operates the third
largest branch network, the Bank has built a solid reputation across
Canada in the area of real estate and commercial financing thanks to
its teams working out of more than 35 offices in Ontario, Québec,
Alberta and British Columbia. Its subsidiary, B2B Bank, is a Canadian
leader in providing banking products as well as investment accounts and
services to financial advisors and brokers, while Laurentian Bank
Securities is an integrated broker, widely recognized for its expertise
and effectiveness nationwide.
i The rate for the 3-year Canadian Growth ActionGIC is in effect from September 16, 2013 to April 14, 2014 inclusively.
It is not an annual rate. The total rate of return may not exceed the
maximum rate of 12% over three years. The maximum annual compound rate
is 3.850% and is subject to change at any time. The amount invested is
guaranteed, but there is no guaranteed minimum return. The interest
payable on the 3-year Canadian Growth ActionGIC is based on the performance of the benchmark index on the date the
investment is issued and on the three calculation dates indicated in
the purchase agreement. The benchmark index is based on Mackenzie
Canadian All Cap Dividend Class (Series LB). All fluctuations in the
benchmark index will affect the final return, which can be known only
when the investment has matured. Past performance is not an indicator
of future performance. All 3-year Canadian Growth ActionGICs purchased between September 16 and September 25 will be issued on
October 28, 2013. Those purchased between October 28 and December 6
will be issued on December 9, 2013. For funds purchased between
December 9 and January 17, January 20 and February 28, or March 3 and
April 11, the issue dates are January 20, March 3 and April 14
respectively. For more information on the 3-year Canadian Growth ActionGICs, please speak with an advisor at your branch. Certain conditions
apply. This offer cannot be combined with any other promotion. The Bank
reserves the right to terminate or change this offer at any time,
SOURCE: Laurentian Bank of Canada
For further information:
Public Relations Advisor
514 284-4500, extension 4695