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MicroSectors Solactive FANG & Innovation 3X Leveraged ETN ( (BULZ) ) has shared an announcement.
On July 8, 2025, the Bank of Montreal announced its plan to redeem all 8,000,000 of its Non-Cumulative 5-Year Rate Reset Class B Preferred Shares, Series 33, for a total of $200 million on August 25, 2025. The redemption, approved by the Office of the Superintendent of Financial Institutions, will be executed at a price of $25.00 per share, with the final quarterly dividend of $0.190875 per share to be paid separately on the same date. This move reflects BMO’s strategic financial management and may impact stakeholders by altering the bank’s capital structure.
More about MicroSectors Solactive FANG & Innovation 3X Leveraged ETN
BMO Financial Group is the seventh largest bank in North America by assets, boasting total assets of $1.4 trillion as of April 30, 2025. With a history spanning 200 years, BMO offers a wide range of personal and commercial banking, wealth management, global markets, and investment banking products and services to 13 million customers across Canada, the United States, and select global markets. The company is committed to driving positive change for a thriving economy, sustainable future, and inclusive society.
Average Trading Volume: 269,717
Current Market Cap: $1.44B
See more data about BULZ stock on TipRanks’ Stock Analysis page.