MONTREAL, Aug. 31, 2016 /CNW Telbec/ - At its meeting held on August 31, 2016, the Board of Directors of the Laurentian Bank of Canada (the "Bank") declared a regular quarterly dividend of 60 cents per share on the common shares payable on November 1, 2016 to the holders on record at the close of business on October 3, 2016.
The above-mentioned dividend on the common shares is designated as an eligible dividend for the purposes of the Income Tax Act (Canada) and any similar provincial and territorial legislation.
The above-mentioned common shares are Eligible Shares under the Bank's Shareholder Dividend Reinvestment and Share Purchase 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, 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 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
For further information: Louise Bergeron, Vice-President,Executive Office, Office: 514 284-4500, extension 4840, Cellular: 514 978-0453, [email protected]