The Toronto Stock Exchange reports that Bank of Montreal's non-cumulative five-year rate reset Class B preferred shares, Series 31 (non-viability contingent capital (NVCC)), will be delisted at the close on Nov. 25, 2024. According to the TSX, BMO will redeem the Series 31 shares on Nov. 25, 2024, for $25 per share.

The final quarterly dividend of 24.0688 cents per Series 31 share will be paid in the usual manner on Nov. 25, 2024, to holders of record on Oct. 30, 2024. This dividend will be paid separately from the redemption price.

As the Series 31 shares are held through the book entry system of CDS and no individual certificates are issued, holders of the Series 31 shares need not take any action with respect to the redemption.

For more information, see BMO's news release dated Oct. 3, 2024.