TORONTO
and NEW YORK, September 19, 2008 – BMO Capital Markets
announced today it will donate CDN $1.7 million (US$1.6 million)
to nine charities across North America through the firm’s Equity
Through Education charitable initiative.
Commissions earned on all institutional equity trades executed by BMO
Capital Markets in Canada and the U.S on September 17 helped generate
a total of $1.7 million
“In the current market environment, this represents a truly heroic
effort, and I want to congratulate our Equity Products team – and
our clients – for demonstrating the commitment, dedication and
leadership that are required to make this program such a success,” said
Eric Tripp, President, BMO Capital Markets. “The funds raised through
Equity Through Education will make a real difference in the lives of
hundreds of bright and talented youth who have educational ambitions
but limited opportunities to realize them.”
Nine North American organizations
who promote education will share in the day’s trading day commissions: Canadian Merit Scholarship Foundation
(CMSF); the Foundation for the Advancement of Aboriginal Youth (FAAY);
the National Educational Association of Disabled Students (NEADS); The
National Aboriginal Achievement Foundation (NAAF); Pathways Canada; Youth
in Motion’s Top 20 under 20 Program, the Jackie Robinson Foundation;
YAI/National Institute for People with Disabilities Network; and the
Financial Women’s Association.
Since the launch of the program in 2005, Equity Through Education has
raised more than CDN$6.6 million / US$5.8 million to support education
and diversity. More than 1,500 individuals have benefited from the program
through scholarships, bursaries, mentoring programs and job search strategy
forums.
BMO Capital Markets, through its parent, BMO Financial Group, has a
proud tradition of supporting community reinvestment and corporate and
social responsibility to the communities it serves. In 2007, BMO Financial
Group contributed $50.4 million in donations, sponsorships and events
in Canada and the United States to support charities, not-for profit
organizations and programs in communities across Canada and the United
States.
About BMO
Capital Markets BMO Capital Markets is a leading full-service North American financial
services provider, with over 2,400 employees operating in 14 North American
offices and 26 worldwide, offering corporate, institutional and government
clients access to a complete range of investment and corporate banking
products and services. BMO Capital Markets is a member of BMO Financial
Group (NYSE, TSX: BMO), one of the largest diversified financial services
providers in North America with US$375 billion total assets and more
than 37,000 employees as at July 31, 2008.
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