Bank of Montreal announces C$650M institutional NVCC preferred stock offering

Jan. 24, 2023 5:27 PM ETBank of Montreal (BMO), BMO:CABy: Jessica Kuruthukulangara, SA News Editor1 Comment

Dec 10, 2022. Calgary, Alberta, Canada. A BMO sign on top of a building in downtown Calgary.

Marvin Samuel Tolentino Pineda/iStock Editorial via Getty Images

  • Bank of Montreal (NYSE:BMO) on Tuesday announced a C$650M domestic institutional non-viability contingent capital (NVCC) preferred stock offering.
  • The bank will issue non-cumulative five-year fixed rate reset class B preferred shares, series

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