Brief: Lake Shore Bancorp - Parent Will Hold Special Meeting Of Members To Vote On Proposal To Authorize Co To Waive Right To Receive Dividends

Lake Shore Bancorp

04/01/2019 22:41

Jan 4 (Reuters) - Lake Shore Bancorp Inc  LSBK.O :
    * LAKE SHORE BANCORP - PARENT WILL HOLD SPECIAL MEETING OF
MEMBERS
TO VOTE ON PROPOSAL TO AUTHORIZE CO TO WAIVE RIGHT TO RECEIVE
DIVIDENDS
    * LAKE SHORE BANCORP INC - IF PROPOSED DIVIDEND WAIVER IS
NOT
APPROVED BY MEMBERS OR OBJECTED TO BY FEDERAL RESERVE, DIRECTORS
INTEND TO REDUCE DIVIDEND
    * LAKE SHORE BANCORP INC - COMPANY INTENDS TO REDUCE
PROPOSED
QUARTERLY DIVIDEND FROM $0.12 PER OUTSTANDING SHARE TO $0.06 PER
OUTSTANDING SHARE.

Source: [https://bit.ly/2Qo3hYj]
Further company coverage:  LSBK.O 

 ((Reuters.Briefs@thomsonreuters.com))