BMO Announces Redemption of Preferred Shares

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

Bank of Montreal has announced its plan to redeem all its outstanding Non-Cumulative 5-Year Rate Reset Class B Preferred Shares, Series 46, totaling $350 million on May 25, 2024. Shareholders of the Preferred Shares Series 46 will receive a redemption price of $25.00 per share, with payment to be made on the first business day following the Redemption Date, along with a final quarterly dividend of $0.31875 per share. BMO, one of North America’s largest banks with assets of $1.3 trillion, has been serving customers for over 200 years and continues to focus on growth and positive societal impact.

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