MicroSectors Solactive FANG & Innovation 3X Leveraged ETN (BULZ) has released an update.
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The Bank of Montreal has announced it will redeem all of its outstanding Non-Cumulative 5-Year Rate Reset Class B Preferred Shares, Series 31, worth $300 million, on November 25, 2024. The shares are redeemable at a price of $25.00 each, along with a final quarterly dividend of $0.240688 per share payable on the same day. This strategic financial move aligns with BMO’s commitment to growth and positive change across its vast North American customer base.
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