Source - RNS
RNS Number : 5071M
Bank of Montreal
13 October 2016
 

 

Bank of Montreal

October 13, 2016

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                                            News

 

FOR IMMEDIATE RELEASE

 

Bank of Montreal Announces Increase to Preferred Share Issue

 

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

 

TORONTO, October 13, 2016 - 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.

 

-30-

 

For News Media Enquiries:

Ralph Marranca, Toronto, [email protected], (416) 867-3996

Frederic Tremblay, Montreal, [email protected], (514) 877-1873

 

For Investor Relations Enquiries:

Jill Homenuk, Toronto, [email protected], (416) 867-4770

Christine Viau, Toronto, [email protected], (416) 867-6956

 

Internet: www.bmo.com

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
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