Bank of Montreal calls C$150 million of series 18 preferreds in full

By Tali Rackner

Minneapolis, Jan. 24 - Bank of Montreal plans to redeem all C$150 million of its series 18 non-cumulative five-year rate reset class B preferred shares, according to a filing with the Securities and Exchange Commission.

The preferreds will be redeemed at C$25 per share plus dividends on Feb. 25.

Separately from the payment of the redemption price, the final quarterly dividend of C$0.40625 per share for the preferreds will be paid in the usual manner on Feb. 25 to shareholders of record on Feb. 1.

Bank of Montreal is a financial services company based in Montreal and Toronto.

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