Bank of Montreal has announced plans to redeem all 12 million outstanding Non-Cumulative 5-Year Rate Reset Class B Preferred Shares, Series 31 (NVCC) on November 25, 2024. The total redemption value amounts to $300 million at $25.00 per share. The redemption has received approval from the Office of the Superintendent of Financial Institutions.Shareholders will receive the final quarterly dividend of $0.240688 per share, as announced on August 27, 2024, payable on November 25, 2024, to shareholders of record on October 30, 2024. This dividend payment will be separate from the redemption price.BMO Financial Group, ranking as North America's eighth largest bank with total assets of $1.4 trillion as of July 31, 2024, serves 13 million customers across Canada, the United States, and select global markets.

Bank of Montreal has announced plans to redeem all 12 million outstanding Non-Cumulative 5-Year Rate Reset Class B Preferred Shares, Series 31 (NVCC) on November 25, 2024. The total redemption value amounts to $300 million at $25.00 per share. The redemption has received approval from the Office of the Superintendent of Financial Institutions.Shareholders will receive the final quarterly dividend of $0.240688 per share, as announced on August 27, 2024, payable on November 25, 2024, to shareholders of record on October 30, 2024. This dividend payment will be separate from the redemption price.BMO Financial Group, ranking as North America's eighth largest bank with total assets of $1.4 trillion as of July 31, 2024, serves 13 million customers across Canada, the United States, and select global markets.