BMO Announces Redemption of Preferred Shares

MicroSectors Solactive FANG & Innovation 3X Leveraged ETN (BULZ) has released an update.

Bank of Montreal (BMO) has announced it will redeem all outstanding Non-Cumulative 5-Year Rate Reset Class B Preferred Shares, Series 29, on August 25, 2024, for $400 million. Shareholders of record on July 30 will receive the final quarterly dividend the following day. BMO Financial Group, a major North American bank with $1.4 trillion in assets, continues its 200-year history of providing diversified financial services.

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