Dividend Reinvestment and Share Purchase Plan.
Laurentian Bank is pleased to offer to eligible Canadian shareholders the opportunity to participate in its Dividend Reinvestment and Share Purchase Plan (the “Plan”). This Plan is effective as of December 5, 2012.
The Plan gives eligible holders of either Common Shares or Class A Preferred Shares the option to have their regular quarterly cash dividends automatically reinvested in additional Common Shares.
Reinvest your dividends.
If you hold Common Shares or Class A Preferred Shares, you can have your regular quarterly cash dividends automatically reinvested in additional Common Shares.
Purchase common shares.
- Purchase Common Shares monthly.
- Make optional cash payments by cheque or pre-authorized debit. Minimum $500 per payment, up to a combined sum of $20,000 in each twelve-month period ending October 31.
- Pay no brokerage commissions, fees or service charges.
Discounted investment price.
According to the Plan, the Bank will determine quarterly whether such Common Shares are to be issued from treasury or purchased in the market. Common Shares issued from treasury can be offered to participants at a discount of up to 5% from the investment price. The press releases announcing quarterly dividends will indicate what discount is offered, if any. No discount will be applied for Common Shares purchased in the open market or with optional cash payments.
Who can participate in the Plan.
Shareholders who are non-residents of Canada may participate in the Plan, provided the laws of their country of residence don’t prohibit them from doing so. In such case, dividends payable are reinvested after deduction of the applicable tax withholdings, if any.
Who can’t participate in the Plan.
Shareholders who are residents of the United States of America or its territories or possessions may not participate in the Plan, as the Common Shares issued under the Plan are not registered under the United States Securities Act of 1933, as amended.
How to participate in the Plan.
Enrol in dividend reinvestment.
If your eligible shares are registered in your name, you may enrol in the Plan by completing the enrolment form through Computershare’s self-service web portal, Investor Centre. If your eligible shares are held in an account with your broker, investment dealer, financial institution or other nominee (“Intermediary”), contact them directly.
To participate in the optional cash payment component, an eligible shareholder must have enrolled in the dividend reinvestment component of the Plan. Registered shareholders may make optional cash payments by cheque along with a duly completed “Optional Cash Purchase – Participant Declaration Form”, available at the Investor Centre.
Investing through an intermediary.
Shareholders who hold eligible shares through an Intermediary may make an initial optional cash payment without being required to become a registered shareholder. To find out how, contact them directly.