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TORONTO,
September 19, 2008 – 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.
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