Bank of Montreal Announces Increase to Preferred Share Issue


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

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

Bank of Montreal (TSX:BMO)(NYSE: BMO) 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


Crypto Whales Are Loading Up — Are You?

New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.


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Posted In: Press Releases