/NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR
DISSEMINATION IN THE UNITED
STATES/
TORONTO, April 17, 2019 /CNW/ - Bank of Montreal (TSX, NYSE: BMO) today announced it
has closed its domestic public offering of Non-Cumulative 5-Year
Rate Reset Class B Preferred Shares Series 46 (Non-Viability
Contingent Capital (NVCC)) (the "Preferred Shares Series 46").
The offering was underwritten on a bought-deal basis by a syndicate
of underwriters led by BMO Capital Markets. Bank of Montreal issued 14 million Preferred Shares
Series 46 at a price of $25.00 per
share to raise gross proceeds of $350
million.
The Preferred Shares Series 46 were issued under a prospectus
supplement dated April 10, 2019, to
the Bank's short form base shelf prospectus dated May 23, 2018. Such shares will commence
trading on the Toronto Stock Exchange today under the ticker symbol
BMO.PR.F.
The Preferred Shares Series 46 have not been, and will not be,
registered under the U.S. Securities Act of 1933, as amended (the
"U.S. Securities Act"), and may not be offered, sold or delivered
directly, or indirectly, in the United
States absent registration or an applicable exemption from
the registration requirements of the U.S. Securities Act.
This news release shall not constitute an offer to sell or a
solicitation of an offer to buy such securities in the United States or in any other jurisdiction
where such offer is unlawful.
About BMO Financial Group
Serving customers for 200
years and counting, BMO is a highly diversified financial services
provider - the 8th largest bank, by assets, in North America. With total assets of
$807 billion as of January 31, 2019, and a team of diverse and
highly engaged employees, BMO provides a broad range of personal
and commercial banking, wealth management and investment banking
products and services to more than 12 million customers and
conducts business through three operating groups: Personal and
Commercial Banking, BMO Wealth Management and BMO Capital
Markets.
SOURCE BMO Financial Group