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 29, totaling $400 million, on August 25, 2024. Shareholders of these preferred shares will receive a redemption price of $25.00 per share the following business day. Additionally, a final quarterly dividend will be paid concurrently to shareholders of record as of July 30, 2024.
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