February 26, 2024

Class in: Presents
Theme : Dividends/Reductions

MONTRAL, Nov. 16, 2023 /CNW/ – The Financial institution of Montreal (the Financial institution) (TSX: BMO) (NYSE: BMO) immediately introduced that none of its 16 million shares of Class B, Collection 44 most popular inventory can be topic to a price adjustment each 5 years topic to and non-cumulative dividend (Emergency Capital for Non-Viability) (the Collection 44 Most popular Inventory) won’t be transformed into Class B Most popular Inventory, Collection 45, Non-Cumulative Dividend with Variable Fee (Emergency Capital for Non-Viability) (the Collection 45 Most popular Inventory) of the Financial institution on December twenty fifth November 2023.

In the course of the conversion interval from October 26, 2023 to November 10, 2023, 93,870 shares of Collection 44 Most popular Inventory have been deposited for conversion into Collection 45 Most popular Inventory, which is lower than the minimal variety of 1,000,000 required for the conversion to be efficient. as described within the Collection 44 Most popular Inventory prospectus complement dated September 10, 2018. Accordingly, no Collection 45 Most popular Inventory can be tendered on November 25, 2023 and holders of the Collection 44 Most popular Inventory will retain their shares.

The Collection 44 Most popular Shares are at the moment listed on the Toronto Inventory Alternate underneath the image BMO.PR.E. As already introduced on October 26, 2023, the dividend price for the five-year interval from November 25, 2023 to November 25, 2028 is 6.816 %.

About BMO Monetary Group

With whole property of $1.25 trillion as of July 31, 2023, BMO Monetary Group is the eighth largest financial institution in North America by property. BMO has been serving our clients for over 200 years and has a various workforce of extremely devoted workers serving 13 million clients with a broad vary of services in private and business banking, wealth administration, world markets and service provider banking providers Canada, the USA and choose world markets. Pushed by a single goal: With the braveness to make a distinction in life and enterprise, BMO is dedicated to creating constructive change on the earth and driving progress towards a affluent financial system, a sustainable future and a wholesome society. extra integrative.

Web: www.bmo.com Twitter: @BMOMedia

SOURCE BMO Monetary Group

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Press launch despatched on November 16, 2023 5:01 p.m. and distributed by: