Corrected: BRIEF-Lake Shore Bancorp says Lake Shore MHC to vote on dividend waiver (Jan. 3)

Lake Shore Bancorp

05/01/2018 16:15

(Corrects headline, adds bullet to say Lake Shore MHC will hold 
a special meeting for proposal to waive right to receive 
dividends; corrects second bullet to say co will cut dividend if 
waiver is not approved) 
Lake Shore Bancorp Inc  LSBK.O : 
    * LAKE SHORE BANCORP - LAKE SHORE MHC TO HOLD SPECIAL 
MEETING TO 
WAIVE MHC'S RIGHT TO GET DIVIDENDS OF UP TO $0.40/SHARE DECLARED 
BY CO 12 MONTHS AFTER APPROVAL OF PROPOSAL 
    * LAKE SHORE BANCORP - IF PROPOSED DIVIDEND WAIVER NOT 
APPROVED, 
BOARD INTENDS TO REDUCE PROPOSED QUARTERLY DIVIDEND FROM $0.10 
PER SHARE TO $0.04 PER SHARE 
 
Source text: (http://bit.ly/2CBc7jp) 
Further company coverage:  LSBK.O  
 
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