Bank of Montreal Announces Increase to Preferred Share Issue

Loading...
Loading...

TORONTO, ONTARIO--(Marketwired - Oct. 13, 2016) -

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

Bank of Montreal BMOBMO today announced that as a result of strong investor demand for its previously announced domestic public offering of $350 million of Non-Cumulative 5-Year Rate Reset Class B Preferred Shares Series 38 (Non-Viability Contingent Capital (NVCC)), the size of the offering has been increased to $600 million. As announced earlier today, the revised offering will be underwritten on a bought-deal basis by a syndicate led by BMO Capital Markets.

FOR FURTHER INFORMATION PLEASE CONTACT:
For News Media Enquiries:
Ralph Marranca, Toronto
(416) 867-3996
ralph.marranca@bmo.com


Frederic Tremblay, Montreal
(514) 877-1873
frederic1.tremblay@bmo.com


For Investor Relations Enquiries:
Jill Homenuk, Toronto
(416) 867-4770
jill.homenuk@bmo.com


Christine Viau, Toronto
(416) 867-6956
christine.viau@bmo.com
Internet: www.bmo.com

Posted In: Press Releases
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!

Loading...