TORONTO, May 3 /CNW/ - BMO Capital Trust, a subsidiary of Bank of Montreal, announced today its intention to redeem at par all of its Trust Capital Securities - Series A ("BMO BOaTS"), on June 30, 2010. The BMO BOaTS are redeemable at the Trust's option from June 30, 2010, at a redemption amount equal to $1,000 plus unpaid indicated distributions. Notice will be delivered to BMO BOaTS holders in accordance with the terms outlined in the BMO BOaTS prospectus.
After June 30, 2010, holders of BMO BOaTS will cease to be entitled to indicated distributions and will not be entitled to exercise any rights of holders of BMO BOaTS other than receiving the redemption price.
About BMO Financial Group
Established in 1817 as Bank of Montreal, BMO Financial Group is a highly diversified North American financial services organization. With total assets of $398 billion as at January 31, 2010, and more than 36,000 employees, Bank of Montreal provides a broad range of retail banking, wealth management and investment banking products and solutions. BMO Financial Group serves clients across Canada through its Canadian retail arm, BMO Bank of Montreal, and through its wealth management firms BMO Nesbitt Burns, BMO InvestorLine and BMO Harris Private Banking. BMO Capital Markets, our North American investment and corporate banking division, provides a full suite of financial products and services to our North American and international clients. In the United States, BMO also serves clients through Chicago-based Harris, an integrated financial services organization that provides more than one million personal and business clients with banking, lending, investing, financial planning, trust administration, portfolio management, family office and wealth transfer services.
SOURCE BMO BANK OF MONTREAL
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