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We are authorized by our shareholders to issue an unlimited number of Class A Preferred Shares and Class B Preferred Shares without par value, in series, for unlimited consideration. Class B Preferred Shares may be issued in non-Canadian currency.
Preferred Class B Series 5
Preferred Class B Series 6
Preferred Class B Series 10
Preferred Class B Series 13
Preferred Class B Series 14
Preferred Class B Series 15
Preferred Class B Series 16
Preferred Class B Series 5
Ticker Symbol:
BMO H
CUSIP:
063671853
Shares Outstanding: (October 31, 2007)
8,000,000
Key Terms:
Class B – Series 5 shares are redeemable at our option starting February 25, 2013 for $25.00 cash per share, and are not convertible. The shares carry a non-cumulative quarterly dividend of $0.33125 per share.
Prospectus: (1998)
Class B series 5 prospectus (PDF 80 KB / 14 pages)
See the Shareholder Info section for dividend history and payment schedule.
Preferred Class B Series 6
Ticker Symbol:
BMO I
CUSIP:
063671846
Shares Outstanding: (October 31, 2007)
10,000,000
Key Terms:
Class B – Series 6 shares are redeemable at our option starting November 25, 2005 for $25.00 cash per share, plus a premium if we redeem the shares before November 25, 2007, or an equivalent value of our common shares, and are convertible at the shareholder’s option starting November 25, 2008 into our common shares; however, we have the right to pay $25.00 cash per share instead. The shares carry a non-cumulative quarterly dividend of $0.296875 per share.
Prospectus: (1998)
Class B series 6 prospectus (PDF 187 KB / 17 pages)
See the Shareholder Info section for dividend history and payment schedule.
Preferred Class B Series 10
Ticker Symbol:
BMO V
CUSIP:
063671838
Shares Outstanding: (October 31, 2007)
12,000,000
Key Terms:
Class B – Series 10 shares are redeemable at our option starting February 25, 2012 for US$25.00 cash per share, and are convertible at our option starting February 25, 2012 into our common shares. The shares carry a non-cumulative quarterly dividend of US$0.371875 per share.
Prospectus: (2001)
Class B series 10 prospectus (PDF 83 KB / 18 pages)
See the Shareholder Info section for dividend history and payment schedule.
Preferred Class B Series 13
Ticker Symbol:
BMO J
CUSIP:
063671812
Shares Outstanding: (October 31, 2007)
14,000,000
Key Terms:
Class B – Series 13 shares are redeemable at our option starting February 25, 2012 for $25.00 cash per share, plus a premium if we redeem the shares before February 25, 2016. The shares may be convertible into another series of preferred shares at the option of the holder. The shares carry a non-cumulative quarterly dividend at a rate of $0.28125 per share.
Prospectus: (2007)
Short form base shelf prospectus - January 5, 2006 (PDF 191KB / 12 pages)
Class B series 13 prospectus supplement (PDF 76KB / 14 pages)
See the Shareholder Info section for dividend history and payment schedule.
Preferred Class B Series 14
Ticker Symbol:
BMO K
CUSIP:
063671143
Shares Outstanding: (October 31, 2007)
10,000,000
Key Terms:
Class B – Series 14 shares are redeemable at our option starting November 25, 2012 for $25.00 cash per share, plus a premium if we redeem the shares before November 25, 2016. The shares may be convertible into another series of preferred shares at the option of the holder. The shares carry a non-cumulative quarterly dividend at a rate of $0.328125 per share.
Prospectus: (2007)
Short form base shelf prospectus - January 5, 2006 (PDF 191KB / 12 pages)
Class B series 14 prospectus supplement (PDF 78KB / 14 pages)
See the Shareholder Info section for dividend history and payment schedule.
Preferred Class B Series 15
Ticker Symbol:
BMO L
CUSIP:
063671796
Shares Outstanding: (April 2, 2008)
10,000,000
Key Terms:
Class B – Series 15 shares are redeemable at our option starting May 25, 2013 for $25.00 cash per share, plus a premium if we redeem the shares before May 25, 2017. The shares may be convertible into another series of preferred shares at the option of the holder. The shares carry a non-cumulative quarterly dividend of $0.36250 per share.
Prospectus: (2008)
Short form base shelf prospectus - January 4, 2008 (PDF 209KB / 13 pages)
Class B series 15 prospectus supplement (PDF 80KB / 15 pages)
See the Shareholder Info section for dividend history and payment schedule.
Preferred Class B Series 16
Ticker Symbol:
BMO M
CUSIP:
063671788
Shares Outstanding: (June 23, 2008)
12,000,000
Key Terms:
Class B - Subject to certain conditions, the Series 16 Preferred Shares are redeemable at our option on August 25, 2013 and on August 25 every five years thereafter for $25 per share including all declared and unpaid dividends to the redemption date. Holders of the Preferred Share 16 will have the right, at their option, to convert their shares into Floating Rate Series 17 Preferred Shares, subject to certain conditions, on August 25, 2013 and on August 25 every five years thereafter.
For the initial 5-year fixed rate period, the Series 16 shares carry a non-cumulative quarterly dividend of $0.32500 per share, subject to certain conditions. For each subsequent period and subject to certain conditions, the dividend rate for holders of the Preferred Shares Series 16 will reset every five years to be equal to the 5-Year Government of Canada Bond Yield plus 1.65 per cent. Also, holders of the Preferred Shares Series 17 will be entitled, subject to certain conditions, to receive non-cumulative preferential floating rate quarterly dividends, equal to the then three month Government of Canada Treasury Bill yield plus 1.65 per cent.
Prospectus: (2008)
Short form base shelf prospectus - January 4, 2008 (PDF 209KB / 13 pages)
Class B series 16 prospectus supplement (PDF 103KB / 26 pages)
See the Shareholder Info section for dividend history and payment schedule.
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