BMO.PR.N Closes Without Incident

BMO’s new issue of Fixed-Reset 6.50%+383 announced November 25 closed today without incident.

Volume was good at 343,071 shares in a range of 24.86-05. The closing quote was 25.00-01, 44×10.

The issue was relatively small, only $150-million, but there was a greenshoe for $100-million. I am unable to determine whether any of the greenshoe was exercised.

The issue is tracked by HIMIPref™ and has been added to the Fixed-Reset Index.

Update, 2009-6-9: The TSX reports six million shares outstanding; therefore the greenshoe was not exercised.

This entry was posted on Thursday, December 11th, 2008 at 9:38 pm and is filed under Issue Comments. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

2 Responses to “BMO.PR.N Closes Without Incident”

  1. PrefBlog » Blog Archive » December 11, 2008 says:
    December 11, 2008 at 11:50 pm

    […] PrefBlog Canadian Preferred Shares – Data and Discussion « BMO.PR.N Closes Without Incident […]

  2. PrefBlog » Blog Archive » December 12, 2008 says:
    December 13, 2008 at 12:07 am

    […] Nesbitt bought 10,000 from National at 24.99. New issue settled yesterday. […]

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