Bank of Montreal to Redeem $150,000,000 Non-cumulative 5-Year Rate Reset Class
B Preferred Shares Series 18
TORONTO, ONTARIO -- (Marketwired) -- 01/24/14 -- Bank of Montreal
today announced its intention to redeem all of its $150,000,000
Non-cumulative 5-Year Rate Reset Class B Preferred Shares Series 18
("Preferred Shares Series 18") on February 25, 2014.
The Preferred Shares Series 18 are redeemable at Bank of Montreal's
option on February 25, 2014, at a redemption price of $25.00 per
share together with declared and unpaid dividends to the date fixed
for redemption. Payment of the redemption price will be made by Bank
of Montreal on or after February 25, 2014, upon surrender of the
Preferred Shares Series 18.
Separately from the payment of the redemption price, the final
quarterly dividend of $0.40625 per share for the Preferred Shares
Series 18 will be paid in the usual manner on February 25, 2014, to
shareholders of record on February 1, 2014.
Notice will be delivered to holders of the Preferred Shares Series 18
in accordance with the terms outlined in the Preferred Shares Series
About BMO Financial Group
Established in 1817 as Bank of Montreal, BMO Financial Group is a
highly diversified North American financial services organization.
With total assets of $537 billion as at October 31, 2013, and more
than 45,000 employees, BMO Financial Group provides a broad range of
retail banking, wealth management and investment banking products and
For News Media inquiries:
Ralph Marranca, Toronto
Ronald Monet, Montreal
For Investor Relations inquiries:
Sharon Haward-Laird, Toronto
Andrew Chin, Toronto
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