BMO to Redeem Non-Cumulative 5-Year Rate Reset Class B Preferred Shares, Series 46 (Non-Viability Contingent Capital (NVCC))

TORONTO, April 23, 2024 /CNW/ - Bank of Montreal (the "Bank") (TSX:BMO.TO) (NYSE:BMO) today announced its intention to redeem all of its 14,000,000 outstanding Non-Cumulative 5-Year Rate Reset Class B Preferred Shares, Series 46 (Non-Viability Contingent Capital (NVCC)) (the "Preferred Shares Series 46") for an aggregate total of $350 million on May 25, 2024. The redemption has been approved by the Office of the Superintendent of Financial Institutions.