BMO announces reverse splits for three series of ETNs

Chicago, March 15 – Bank of Montreal announced that it will implement a one-for-10 reverse split of three series of its outstanding exchange-traded notes, effective March 25, according to a press release.

The series subject to the reverse split are the

• MicroSectors FANG & Innovation -3X Inverse Leveraged ETNs due June 28, 2041 (Ticker: BERZ; existing Cusip: 063679591; new Cusip: 063679450);

• MicroSectors FANG+ Index -3X Inverse Leveraged ETNs due Jan. 8, 2038 (Ticker: FNGD; existing Cusip: 06367V204; new Cusip: 06367V402); and

• MicroSectors Travel -3X Inverse Leveraged ETNs due May 29, 2042 (Ticker: FLYD; existing Cusip: 06368J101; new Cusip: 06368J309).

Any fractional shares will be paid in cash.

The closing indicative note value of each ETN on March 22 will be multiplied by 10 to determine the reverse split-adjusted closing indicative note value.

The Cusips will change, but the current ticker symbols will not.

Bank of Montreal is a Montreal-based banking and financial services provider.

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