TORONTO, Sept. 19 /CNW/ - Bank of Montreal today announced that on
November 25, 2008, it will redeem all of its Non-Cumulative Class B Preferred
Shares Series 6. The redemption price, as provided for in the terms of the
issue, is $25.00 per share.
Separately from the redemption price, the final quarterly dividend of
$0.296875 per share for the Series 6 shares will be paid in the usual manner
on November 25, 2008 to shareholders of record on October 31, 2008.
Formal notice will be issued to shareholders in accordance with the share
conditions. The redemption of the Series 6 shares is part of the Bank's
ongoing management of its Tier 1 capital.
For further information:
For further information: Media Relations: Ralph Marranca, Toronto,
firstname.lastname@example.org, (416) 867-3996; Ronald Monet, Montreal,
email@example.com, (514) 877-1101; Investor Relations: Steven Bonin,
Director, firstname.lastname@example.org, (416) 867-5452; Krista White, Senior Manager,
email@example.com, (416) 867-7019; Internet: www.bmo.com