BMO.PR.H To Be Redeemed

The Bank of Montreal has announced:

its intention to redeem all of its $200,000,000 Non-cumulative Class B Preferred Shares Series 5 (“Preferred Shares Series 5”) on February 25, 2013.

The Preferred Shares Series 5 are redeemable at Bank of Montreal’s option on February 25, 2013 at a redemption price of $25.00 per share together with declared and unpaid dividends to the date fixed for redemption. Payment of the redemption price will be made by Bank of Montreal on or after February 25, 2013 upon surrender of the Preferred Shares Series 5.

Separately from the payment of the redemption price, the final quarterly dividend of $0.33125 per share for the Preferred Shares Series 5 will be paid in the usual manner on February 25, 2013 to shareholders of record on February 1, 2013.

Notice will be delivered to holders of the Preferred Shares Series 5 in accordance with the terms outlined in the Preferred Shares Series 5 prospectus.

Update, 2013-2-15: To be removed from TXPR.

One Response to “BMO.PR.H To Be Redeemed”

  1. […] Called for redemption. YTW SCENARIO Maturity Type : Call Maturity Date : 2013-03-27 Maturity Price : 25.00 Evaluated at bid price : 24.99 Bid-YTW : 4.27 % […]

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