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2024 Dividend Payment Dates

Record and payment dates are subject to approval by the Board of Directors
common and preferred shares record and payment dates
Common and Preferred Shares Record Dates Common Shares Payment Dates Preferred Shares Payment Dates
January 30, 2024 February 27, 2024 February 26, 2024
April 29, 2024 May 28, 2024 May 27, 2024
July 30, 2024 August 27, 2024 August 26, 2024
October 30, 2024 November 26, 2024 November 25, 2024

Recently Declared Dividends

(In C$ unless otherwise noted) `
common shares declaration, record and payment dates
Common Shares:
Declaration Date: May 24 2023 Aug. 29, 2023 Dec.1 2023 Feb. 27 2024
Record Date:July 28 2023 Oct. 30, 2023 Jan. 30 2024 Apr. 29 2024
Payment Date: Aug. 28 2023 Nov. 28 2023 Feb. 27 2024 May 28 2024
Amount Paid: 1.47 1.47 1.51 1.51
preferred shares declaration, record and payment dates
Preferred Shares:
Declaration Date: May 24 2023 Aug. 29 2023 Dec. 1 2023 Feb. 27 2024
Record Date: July 28 2023 Oct. 30 2023 Jan. 30 2024 Apr. 29 2024
Payment Date: Aug. 25 2023 Nov. 27 2023 Feb. 26 2024 May 27 2024
Series / Amount Paid:
Series 27 (S) 0.24075 0.24075 0.24075 0.24075
Series 29 (T) 0.2265 0.2265 0.2265 0.2265
Series 31 (W) 0.240688 0.240688 0.240688 0.240688
Series 33 (Y) 0.190875 0.190875 0.190875 0.190875
Series 44 (E) 0.303125 0.303125 0.426 0.426
Series 46 (F) 0.31875 0.31875 0.31875 0.31875
Series 501footnote 1 36.865 36.865
Series 521footnote 1 35.285 35.285

Eligible Dividend Designation

For the purposes of the Income Tax Act (Canada) and any similar provincial and territorial legislation, B M O designates all dividends paid on both its common and preferred shares in the 2006 calendar year, and all dividends (including deemed dividends) paid thereafter, as “eligible dividends” unless B M O indicates otherwise. Please consult with your own tax advisor for advice with respect to the income tax consequences to you of B M O designating dividends paid on its common and preferred shares as “eligible dividends”.

Dividend Policy and Regulatory Restrictions

Dividends are generally increased in line with long-term trends in earnings per share growth, while sufficient profits are retained to support anticipated business growth, fund strategic investments and provide continued support for depositors. We are prohibited from declaring dividends on our preferred or common shares when we are, or would be as a result of paying such a dividend, in contravention of the capital adequacy, liquidity or any other regulatory directives issued under the Bank Act. In addition, common share dividends cannot be paid unless all dividends declared and payable on our preferred shares have been paid or sufficient funds have been set aside to do so. In addition, we have agreed that if B M O Capital Trust, one of our subsidiaries, fails to pay any required distribution on its capital trust securities, we will not declare dividends of any kind on any of our preferred or common shares.