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8 items- PRBank of Montreal Announces Quarterly Coupon Amount for the Dorsey Wright MLP Index ETNNEW YORK, Dec. 18, 2020 /PRNewswire/ - Bank of Montreal (TSX: BMO) (NYSE: BMO) today announced the quarterly coupon amount for the Dorsey Wright MLP Index ETNs due December 10, 2036 (NASDAQ: BMLP) (the "Notes"). The table below summarizes the coupon amount for the Notes. CouponValuationDate CouponEx-Date CouponRecordDate CouponPaymentDate CouponAmountper Note1 CurrentYield2 December15, 2020 December28, 2020 December29, 2020 January 7,2021 $0.809474 8.84% 1) "Coupon Amount per Note" equals the sum of the cash distributions that a hypothetical holder of the index constituents would have been entitled to receive in the relevant period, reduced by the accrued trackin
- PRS-Network MicroSectors Gold Miners Index to Provide Underlying Strategy for MicroSectors ETNsNEW YORK, Dec. 3, 2020 /PRNewswire/ -- S-Network, an Alerian company, is pleased to announce the launch of the S-Network MicroSectors Gold Miners Index (ticker: MINERS). The market cap-weighted index is designed to track the performance of the VanEck Vectors® Gold Miners ETF (GDX) and the VanEck Vectors® Junior Gold Miners ETF (GDXJ). The index will function as the underlying strategy for leveraged and inverse leveraged exchange traded notes. These ETNs will be issued by the Bank of Montreal, trading under the symbols GDXU and GDXD. Dave LaValle, CEO of Alerian said, "This index represents Alerian/S-Network's first joint collaboration with REX Shares and illustrates our ability to deve
- PRBMO Announces Redemption of Six ETNsNEW YORK, Dec. 1, 2020 /PRNewswire/ - Bank of Montreal (TSX: BMO) (NYSE: BMO) today announced that it intends to redeem all of the outstanding securities in each of the series set forth in the following table (collectively, the "Affected Securities"): NYSE Arca Ticker ETN Name and Prospectus Addendum/Pricing Supplement* CUSIP Call Settlement Date BNKO MicroSectorsTM U.S. Big Banks Index 2X Leveraged ETNs due March 25, 2039 063679799 December 18, 2020 KNAB MicroSectorsTM U.S. Big Banks Index Inverse ETNs due March 25, 2039 063679765 December 18, 2020 BNKZ MicroSectorsTM U.S. Big Banks Index -2X Inverse Leveraged ETNs due March 25 2039 063679773 December 18, 202
- PRBMO Financial Group Declares DividendsTORONTO, Dec. 1, 2020 /PRNewswire/ - Bank of Montreal (TSX: BMO) (NYSE: BMO) today announced that its Board of Directors declared a quarterly dividend of $1.06 per share on paid-up common shares of Bank of Montreal for the first quarter of fiscal year 2021 ("Q1 2021 Dividend"), unchanged from the previous quarter and the prior year. The Board of Directors also declared dividends of: $0.112813 per share on paid-up Class B Preferred Shares Series 25; $0.078011 per share on paid-up Class B Preferred Shares Series 26; $0.24075 per share on paid-up Class B Preferred Shares Series 27; $0.2265 per share on paid-up Class B Preferred Shares Series 29; $0.240688 per share on paid-up Class B P
- PRBMO Financial Group Reports Fourth Quarter and Fiscal 2020 ResultsFinancial Results Highlights Fourth Quarter 2020 Compared With Fourth Quarter 2019: Net income4 of $1,584 million, up 33%; adjusted net income1 of $1,610 million, up $3 million from the prior year Reported EPS2 of $2.37, up 33%; adjusted EPS1,2 of $2.41, compared with $2.43 in the prior year Revenue, net of CCPB3, of $5,986 million, up 4% Provision for credit losses (PCL) of $432 million, compared with $253 million; current quarter includes PCL on performing loans of $93 million ROE of 12.4%, up from 9.9%; adjusted ROE1 of 12.6%, compared with 13.5% Common Equity Tier 1 Ratio of 11.9%, up from 11.4% in the prior year Dividend of $1.06, unchanged from the prior quarter and the prior
- PRILA Announces Results for Q3 2020 Ended September 30, 2020TORONTO, Nov. 27, 2020 (GLOBE NEWSWIRE) -- iLOOKABOUT Corp. (TSXV:ILA) (“ILA” or “the Company”) today announced that its unaudited condensed interim consolidated financial statements for the three and nine months ended September 30, 2020 and 2019, and the related Management’s Discussion and Analysis (“MD&A”) are available at www.sedar.com and on the Company’s website at http://www.ilookabout.com/investor-relations/financial-information. Shareholders may request a hard copy of this material by directing their request to: iLOOKABOUT Corp., Office of the CFO, 408-383 Richmond Street, London ON, N6A 3C4. In the third quarter, the Company executed an Asset Purchase Agreem
- PRMerchant Opportunities Fund Closes $27.5 Million BMO Credit FacilityVANCOUVER, British Columbia--(BUSINESS WIRE)--The Merchant Opportunities Fund, a Vancouver-based diversified credit opportunities fund focused on prudently compounding capital over the long-term, today announced that it has closed a revolving debt facility with the Bank of Montreal ("BMO"). The facility consists of a $15 million funding commitment with a two-year term along with a $12.5 million accordion. The Merchant Opportunities Fund invests in well-selected proprietary specialty finance portfolios, that in many cases consist of loans or advances that are originated, underwritten, and serviced by their primary originator, Merchant Growth. The BMO debt facility specifically provi
- PRBank of Montreal to Redeem $1,000,000,000 3.34% Series H Medium-Term Notes Second Tranche (Non-Viability Contingent Capital (NVCC))