BMO Announces Redemption of $1.25 Billion Limited Recourse Capital Notes and Series 48 Preferred Shares
Bank of Montreal $(BMO)$ has announced its intention to redeem all outstanding $1.25 billion 4.30% Limited Recourse Capital Notes, Series 1 (Non-Viability Contingent Capital (NVCC)) on November 12, 2025. The redemption will be made at 100% of the principal amount plus accrued and unpaid interest up to, but not including, the redemption date. Interest on the Notes will cease to accrue after the redemption date. In conjunction with this, BMO will also redeem all 1,250,000 Non-Cumulative 5-Year Fixed Rate Reset Class B Preferred Shares, Series 48 (NVCC) held by Computershare Trust Company of Canada as trustee of BMO LRCN Trust. The redemption has received approval from the Office of the Superintendent of Financial Institutions.
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