Bank of Montreal Redeems Series 31 Shares

Bank Of Montreal (TSE:BMO) has released an update.

The Bank of Montreal has announced it will redeem all outstanding Non-Cumulative 5-Year Rate Reset Class B Preferred Shares, Series 31, worth $300 million on November 25, 2024. This move is in line with regulatory approval and includes a final quarterly dividend payment to shareholders of record as of October 30, 2024. The BMO Financial Group, with a history of 200 years, continues its commitment to growth and positive societal impact.

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