Earnings
January 18, 2019 - MKP
New! MCAN Mortgage Corp. -Q3-2018 Earnings & Price Target Update .....
January 17, 2019 - AI
Atrium Mortgage Investment Corp. Q3-2018 Earnings -Price Target Forecast .....
January 16, 2019 - FC
Firm Capital Mortgage Investment Corp. Q3-2018 Earmings - Price Target Fore .....
January 15, 2019 - SJR.B
Shaw Communications Inc. Fiscal Q1-2019 Earnings & Price Target Forecast .....
January 13, 2019 - CRT.UN
CT Real Estate Investment Trust - Q3-2018 Earnings & Price Target Forecast .....
January 12, 2019 - NVU.UN
Northview Apartment REIT-Q3-2018 Earnings & Price Target Forecast .....
January 11, 2019 - GRT.UN
Granite REIT- Q3-2018 Earnings & Price Target Forecast .....
January 10, 2019 - RUF.UN
Pure Multi Family REIT - Q3-2018 Earnings, Price Target Forecast .....
Recommendation Changes
MKP, AI, RUF.UN, HOT.UN, BPY.UN, more...

Bank of Montreal 4.85% Rate Reset Preferred Shares New Issue

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

Bank of Montreal (BMO) is issuing $300M of 5 year, 4.85% rate reset non-cumulative preferred shares. The first reset date is Nov-25-2023 at the then effective 5 year Gov. of Canada bond yield plus 2.68%. Should BMO become insolvent the issue is convertible into their common shares. (NVCC/Basel Compliant)

On Nov-23-2023 and on Nov-23 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 2.68%.

Rating: DBRS, Pfd-2

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


Login
Username
Password
New Issues & Acquisition
January 18, 2019
New! Coverage Universe - Weekly Price Changes - Jan 11-18, 2019
January 17, 2019
New! TD Bank Preferred Share 5.2% Rate Reset New Issue
January 14, 2019
New! CIBC 5.2% Rate Reset Preferred Share New Issue
January 11, 2019
Coverage Universe - Weekly Price Changes - Jan 4-11, 2019
January 4, 2019
Coverage Universe - Weekly Price Changes - Dec 28 - Jan 4, 2019
December 28, 2018
Coverage Universe - Weekly Price Changes - Dec 21-28, 2018
December 21, 2018
Coverage Universe - Weekly Price Changes - Dec 14-21, 2018
December 14, 2018
Coverage Universe - Weekly Price Changes Dec 7-14, 2018