Bank of Montreal announced its intention to repurchase up to 20 million common shares for cancellation under a normal course issuer bid, pending approval from OSFI and TSX. The proposed repurchase represents approximately 2.7% of the bank's public float as of November 30, 2024.The share buyback program will be executed through TSX facilities and other designated exchanges, with potential purchases through alternative trading systems, automatic purchase plans, block purchases, and private agreements. The bank had 729,664,893 common shares outstanding as of November 30, 2024, with a public float of 729,409,604 shares.The timing and volume of purchases will be subject to regulatory approvals and management discretion based on market conditions. The program aims to provide the bank with additional capital management flexibility and will continue for up to one year following TSX acceptance.

Bank of Montreal announced its intention to repurchase up to 20 million common shares for cancellation under a normal course issuer bid, pending approval from OSFI and TSX. The proposed repurchase represents approximately 2.7% of the bank's public float as of November 30, 2024.The share buyback program will be executed through TSX facilities and other designated exchanges, with potential purchases through alternative trading systems, automatic purchase plans, block purchases, and private agreements. The bank had 729,664,893 common shares outstanding as of November 30, 2024, with a public float of 729,409,604 shares.The timing and volume of purchases will be subject to regulatory approvals and management discretion based on market conditions. The program aims to provide the bank with additional capital management flexibility and will continue for up to one year following TSX acceptance.