Earnings
September 26, 2017 - WIR.U
New! WPT Industrial REIT - Q2-2017 and Price Target Update .....
September 24, 2017 - CPG
New! Crescent Point Energy Corp. Q2-2017 Earnings, Price Target Update .....
September 21, 2017 - T
Telus Corporation - Earnings & Price Target Update .....
September 20, 2017 - BCE
BCE Inc. Q2-2017 Earnings Update .....
September 19, 2017 - HLP.U
Mainstreet Health Investments Inc. Price Target Update .....
September 17, 2017 - FN
First National Financial Corporation - Q2-2017 Earning, Price Target Update .....
September 15, 2017 - FCD.UN
Firm Capital Property Trust - Q2-2017 Earnings & Price Target .....
September 14, 2017 - MKP
MCAN Mortgage Corp. Q2-2017 Earnings & Price Target Update .....
Recommendation Changes
CPG, HLP.U, FN, KEG.UN, PKI, more...

BMO 4.4% Rate Reset Preferred Share New Issue

This is only a sample of the article, please login to view the entire article

The Bank of Montreal is issuing $400M of 5 year, 4.4% rate reset non-cumulative preferred shares. The first reset date is Aug-25-2022 at the then effective 5 year Gov. of Canada bond yield plus 3.13%. Should BMO become insolvent the issue is convertible into their common shares. (Basel Compliant)

On Aug-25-2022 and on Aug-25 every five years thereafter, the holders have the right to convert into an equal number of non-cumulative floating rate preferred shares with a dividend yield set quarterly at the then effective 90-day Canadian Treasury Bill Rate plus 3.13%.

Rating: DBRS, Pfd-2

You must be a member to view the entire article, please subscribe or login


Login
Username
Password
New Issues & Acquisition
September 22, 2017
New! Weekly Price Changes Sept 15-22, 2017
September 15, 2017
Weekly Price Changes Sept 7-15, 2017
September 8, 2017
Weekly Price Changes Sept 1-7, 2017
September 6, 2017
Brookfield Asset Management - 4.75% Variable Rate Preferred Share New Issue
September 1, 2017
Weekly Price Changes Aug 25-Sept 1, 2017
August 25, 2017
Weekly Price Changes Aug 18-25, 2017
August 18, 2017
Weekly Price Changes Aug 11-18, 2017
August 11, 2017
Weekly Price Changes Aug 4-11, 2017