Bank of Montreal announced plans to redeem all 16 million outstanding Non-Cumulative 5-Year Rate Reset Class B Preferred Shares, Series 29 (NVCC) on August 25, 2024. The total redemption value is $400 million at $25.00 per share. The redemption has been approved by the Office of the Superintendent of Financial Institutions.The final quarterly dividend of $0.2265 per share, announced on May 29, 2024, will be paid separately on August 26, 2024, to shareholders of record on July 30, 2024. BMO will deliver notice to holders of the Preferred Shares Series 29 as per the terms.BMO Financial Group, the eighth largest bank in North America, reported total assets of $1.4 trillion as of April 30, 2024. The bank serves 13 million customers across Canada, the United States, and select global markets, offering a range of financial services including personal and commercial banking, wealth management, and investment banking.

Bank of Montreal announced plans to redeem all 16 million outstanding Non-Cumulative 5-Year Rate Reset Class B Preferred Shares, Series 29 (NVCC) on August 25, 2024. The total redemption value is $400 million at $25.00 per share. The redemption has been approved by the Office of the Superintendent of Financial Institutions.The final quarterly dividend of $0.2265 per share, announced on May 29, 2024, will be paid separately on August 26, 2024, to shareholders of record on July 30, 2024. BMO will deliver notice to holders of the Preferred Shares Series 29 as per the terms.BMO Financial Group, the eighth largest bank in North America, reported total assets of $1.4 trillion as of April 30, 2024. The bank serves 13 million customers across Canada, the United States, and select global markets, offering a range of financial services including personal and commercial banking, wealth management, and investment banking.