 |
 |
|
Bank of Montreal (Quebec) | Non-cumulative 5-Year Rate Reset Class B Preferred Shares, Series 23 (BMO.PRP.CA)
Prospectus excerpt: Class B - Subject to certain conditions, the Series 23 Preferred Shares are redeemable at our option on February 25, 2015 and on February 25 every five years thereafter for $25 per share including all declared and unpaid dividends to the redemption date. Full Prospectus PDF », BMO.CA Page »
| Series: | 23 | | Alternate symbology: | BMO-P.CA, BMO-PP.CA, BMOprP.CA | | Redeemable?: | Yes | | Call Date: | 2/25/2015 (Now Trading Post Call Date) | | Perpetual?: | Yes | | Cumulative?: | No | | Conversion Ratio: | Holders of the Preferred Share 23 will have the right, at their option, to convert their shares into Floating Rate Series 24 Preferred Shares, subject to certain conditions, on February 25, 2015 and on February 25 every five years thereafter. | | Shares Offered: | 14000000 | | Overallotment: | 2000000 | | Liquidation Preference: | $25 | | Original Coupon: | For the initial 5-year fixed rate period, the Series 23 shares carry a non-cumulative quarterly dividend of sh.3375 per share, subject to certain conditions. For each subsequent period and subject to certain conditions, the dividend rate for holders of the Preferred Shares Series 23 will reset every five years to be equal to the 5-Year Government of Canada Bond Yield plus 2.41 per cent. Also, holders of the Preferred Shares Series 23 will be entitled, subject to certain conditions, to receive non-cumulative preferential floating rate quarterly dividends, equal to the then three month Government of Canada Treasury Bill yield plus 2.41 per cent. | | Pay Period: | Quarterly | | Pay Dates: | 25-Feb, 25-May, 25-Aug, 25-Nov | | CDx3 Compliance Rating: |
Learn BMO.PRP.CA's Rating
|
|
|
Bank of Montreal is a financial services provider based in North America. Co. conducts business through three operating groups: Personal and Commercial Banking, which provides customers with a range of financial products and services, including deposits, lending, and everyday financial and investment advice through a network of branches, dedicated contact centers, digital banking platforms and automated teller machines; BMO Wealth Management, which provides a range of wealth, asset management and insurance products and services; and BMO Capital Markets, which provides equity and debt investment and corporate banking services, as well as global market sales and trading solutions. Preferreds: BMO.PRH.CA, BMO.PRJ.CA, BMO.PRK.CA, BMO.PRL.CA, BMO.PRM.CA, BMO.PRN.CA, BMO.PRO.CA, BMO.PRP.CA, BMO.PRQ.CA
Open the BMO.CA Information Page »
|
|
|
|
|
Free Email Alerts:
