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BMO Announces Preferred Shares Redemption

MicroSectors Solactive FANG & Innovation 3X Leveraged ETN (BULZ) has released an update.

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The Bank of Montreal has announced the redemption of all outstanding Non-Cumulative 5-Year Rate Reset Class B Preferred Shares, Series 27, amounting to $500 million, effective May 25, 2024. Shareholders will receive a redemption price of $25.00 per share, with payment being made on May 27, 2024, alongside the final quarterly dividend. BMO Financial Group, a major North American bank with assets of $1.3 trillion, emphasizes its commitment to driving positive change and fostering an inclusive society.

For further insights into BULZ stock, check out TipRanks’ Stock Analysis page.

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