MicroSectors Solactive FANG & Innovation 3X Leveraged ETN (BULZ) has released an update.
MicroSectors Solactive FANG & Innovation 3X Leveraged ETN has announced that the Bank of Montreal, in compliance with regulatory requirements, is set to issue $750 million in 7.300% Fixed Rate Reset Limited Recourse Capital Notes, Series 5. These securities, registered with the SEC, are underwritten by major financial institutions and will be supported by additional Preferred Shares and Common Shares upon specific trigger events. The agreement specifies that the information provided therein is for transaction purposes and should not be considered a factual representation of the Bank’s status.
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