Key Developments: Bank of Montreal (BMO.TO)

BMO.TO on Toronto Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Bank of Montreal announces preferred share issue
Tuesday, 22 Jul 2014 02:06pm EDT 

Bank of Montreal:Says Basel III-compliant domestic public offering of $300 mln of Non-Cumulative 5-Year Rate Reset Class B Preferred Shares Series 31.Offering will be underwritten on bought-deal basis by syndicate of underwriters led by BMO Capital Markets.Preferred Shares Series 31 will be issued to public at price of $25.00 per share.Holders will be entitled to receive non-cumulative preferential fixed quarterly dividends for initial period ending Nov. 25, 2019, as and when declared by the board of directors of the Bank, payable in the amount of $0.2375 per share, to yield 3.80 per cent annually.  Full Article

Bank of Montreal completes preferred share issue
Friday, 6 Jun 2014 08:23am EDT 

Bank of Montreal:Says it has closed its domestic public offering of non-cumulative 5-year rate reset class b preferred shares series 29 (preferred shares series 29).Says offering was underwritten on a bought deal basis by a syndicate led by BMO Capital Markets.Says Bank of Montreal issued 16 mln preferred shares series 29 at a price of $25 per share.Says to raise gross proceeds of $400 mln.  Full Article

Bank of Montreal announces preferred share issue
Wednesday, 28 May 2014 08:52am EDT 

Bank of Montreal:Announced a Basel III-compliant domestic public offering of $250 million of Non-Cumulative 5-Year Rate Reset Class B Preferred Shares Series 29.Offering will be underwritten on a bought-deal basis by a syndicate led by BMO Capital Markets.Granted to the underwriters an option to purchase up to an additional $50 million of the Preferred Shares Series 29 exercisable at any time up to two days before closing.Preferred Shares Series 29 will be issued to the public at a price of $25.00 per share.  Full Article

Bank of Montreal declares dividends
Wednesday, 28 May 2014 07:25am EDT 

Bank of Montreal:Declares a quarterly dividend of $0.78 per share on paid-up common shares for the third quarter of 2014, a two cent increase from the previous quarter.Also declared dividends of $0.28125 a share on paid-up Class B Preferred Shares Series 13.$0.328125 a share on paid-up Class B Preferred Shares Series 14.$0.3625 a share on paid-up Class B Preferred Shares Series 15.$0.211875 a share on paid-up Class B Preferred Shares Series 16.$0.163142 a share on paid-up Class B Preferred Shares Series 17.$0.3375 a share on paid-up Class B Preferred Shares Series 23.$0.24375 a share on paid-up Class B Preferred Shares Series 25.$0.33973 a share on paid-up Class B Preferred Shares Series 27.The dividend on the common shares is payable on Aug. 26, to shareholders of record on Aug. 1.The dividends on the preferred shares are payable on Aug. 25, to shareholders of record on Aug. 1.  Full Article

Bank of Montreal's BMO Financial Group completes acquisition of F&C Asset Management plc
Wednesday, 7 May 2014 10:08am EDT 

Bank of Montreal:Completed acquisition of F&C Asset Management plc through owned subsidiary, BMO Global Asset Management (Europe) Ltd.  Full Article

Bank of Montreal announces closing of $500 mln preferred share issue
Wednesday, 23 Apr 2014 08:22am EDT 

Bank of Montreal:Closed its inaugural Basel III-compliant public offering of non-cumulative 5-year rate reset Class B preferred shares series 27.The offering was underwritten on a bought deal basis by a syndicate led by BMO Capital Market.Bank of Montreal issued 20 mln preferred shares series 27 at a price of $25 per share to raise gross proceeds of $500 mln.Such shares will commence trading on the Toronto Stock Exchange today under the ticker symbol BMO.PR.S.  Full Article

Bank of Montreal announces increase to preferred share issue
Monday, 14 Apr 2014 02:04pm EDT 

Bank of Montreal:Result of strong investor demand for previously announced Basel III-compliant domestic public offering of $300 mln of Non-Cumulative 5-year Rate Reset Class B Preferred Shares Series 27, size of offering has been increased to $500 mln.Revised offering will be underwritten on bought deal basis by syndicate led by BMO Capital Markets.  Full Article

Bank of Montreal announces preferred share issue
Monday, 14 Apr 2014 09:38am EDT 

Bank of Montreal:Says public offering of $300 mln of Non-Cumulative 5-year Rate Reset Class B Preferred Shares Series 27.Offering will be underwritten by a syndicate led by BMO Capital Markets.Underwriters option to purchase up to an additional $50 mln of the preferred shares.Issued to the public at a price of $25.00 per preferred share.  Full Article

Bank of Montreal declares dividend
Tuesday, 25 Feb 2014 06:57am EST 

Bank of Montreal:Declares a quarterly dividend of $0.76 per share on paid-up common shares of Bank of Montreal for the Q2 2014, unchanged from the previous quarter.Declares $0.28125 a share on paid-up Class B Preferred Shares Series 13.Declares $0.328125 a share on paid-up Class B Preferred Shares Series 14.Declares $0.3625 a share on paid-up Class B Preferred Shares Series 15.Declares $0.211875 a share on paid-up Class B Preferred Shares Series 16.Declares $0.154714 a share on paid-up Class B Preferred Shares Series 17.Declares $0.40625 a share on paid-up Class B Preferred Shares Series 21.Declares $0.3375 a share on paid-up Class B Preferred Shares Series 23.Declares $0.24375 a share on paid-up Class B Preferred Shares Series 25.For common shares - payment date May 27, record date May 01.For preferred shares - payment date May 26, record date May 01.  Full Article

Bank of Montreal's BMO Financial Group to acquire F&C Asset Management plc
Tuesday, 28 Jan 2014 02:15am EST 

F&C Asset Management PLC and Bank of Montreal:Says agreement has been reached on the terms of a recommended cash acquisition by which the entire issued and to be issued ordinary share capital of F&C will be acquired by BMO Global Asset Management (Europe) Ltd, a wholly-owned subsidiary of Bank of Montreal.Says under the terms of the acquisition, F&C shareholders will be entitled to receive 120 pence in cash for each F&C share held.Says acquisition is intended to be implemented by way of a court-approved arrangement and formal documentation will be sent to F&C shareholders within 28 days of this announcement.Says F&C shareholders will be entitled to receive a normal course dividend of 2 pence per share for the financial year ended Dec. 31.Terms were not disclosed.  Full Article

Canada's BMO offers $1.2 billion for F&C Asset Management

LONDON - Canada's Bank of Montreal has made a preliminary offer to buy UK fund manager F&C Asset Management, operator of the world's oldest investment trust, for 697 million pounds ($1.2 billion) in cash in a move to beef up its wealth management arm.

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