Date Closed

January 31, 2023

Lead Office

Toronto

Value

650.00 Million CAD

On January 31, 2023, Bank of Montreal (BMO) closed a domestic public offering of C$650 million of Non-Cumulative 5-Year Fixed Rate Reset Class B Preferred Shares, Series 52 (Non-Viability Contingent Capital (NVCC) (the "Preferred Shares Series 52"). The Preferred Shares Series 52 were issued to certain institutional investors at a price of $1,000 per share.

BMO Nesbitt Burns Inc. led a syndicate of agents in the offering which included CIBC World Markets Inc., Desjardins Securities Inc., Laurentian Bank Securities Inc., National Bank Financial Inc., RBC Dominion Securities Inc., Scotia Capital Inc., TD Securities Inc., iA Private Wealth Inc., Manulife Securities Incorporated, Merrill Lynch Canada Inc., Morgan Stanley Canada Limited and Wells Fargo Securities Canada, Ltd. (the “Agents”) .

McCarthy Tétrault advised the Agents with a team led by Andrew Parker that included Jo-Anna Brimmer, Suzie Cusson, Lama Kahiel (Business) and Kabir Jamal (Tax).