We are authorized by our shareholders to issue an unlimited number of Class A Preferred Shares and Class B Preferred Shares without par value, in series, for unlimited consideration. Class B Preferred Shares may be issued in non-Canadian currency.

Preferred Class B Series 5
Preferred Class B Series 10
Preferred Class B Series 13
Preferred Class B Series 14
Preferred Class B Series 15
Preferred Class B Series 16
Preferred Class B Series 18
Preferred Class B Series 21
Preferred Class B Series 23
Preferred Class B Series 25

Preferred Class B Series 5

Ticker Symbol:
BMO.PR.H

CUSIP:
063671853

Shares Outstanding: (October 31, 2010)
8,000,000

Key Terms:
Class B – Series 5 shares are redeemable at our option starting February 25, 2013 for $25.00 cash per share, and are not convertible. The shares carry a non-cumulative quarterly dividend of $0.33125 per share.

Prospectus: (1998)
Class B series 5 prospectus (PDF 80 KB / 14 pages)

See the Shareholder Information section for dividend history and payment schedule.

January 24, 2013 - Bank of Montreal to Redeem $200,000,000 Non-Cumulative Class B Preferred Shares Series 5

Top

Preferred Class B Series 10

Ticker Symbol:
BMO.PR.V

CUSIP:
063671838

Shares Outstanding: (October 31, 2010)
12,000,000

Key Terms:
Class B – Series 10 shares are redeemable at our option starting February 25, 2012 for US$25.00 cash per share, and are convertible at our option starting February 25, 2012 into our common shares. The shares carry a non-cumulative quarterly dividend of US$0.371875 per share.

Prospectus: (2001)
Class B series 10 prospectus (PDF 83 KB / 18 pages)

See the Shareholder Information section for dividend history and payment schedule.

January 19, 2012 - Bank of Montreal to Redeem US$300,000,000 Non-Cumulative Perpetual Class B Preferred Shares Series 10

Class B Preferred Shares Series 10 – shareholder information

Top

Preferred Class B Series 13

Ticker Symbol:
BMO.PR.J

CUSIP:
063671812

Shares Outstanding: (October 31, 2010)
14,000,000

Key Terms:
Class B – Series 13 shares are redeemable at our option starting February 25, 2012 for $25.00 cash per share, plus a premium if we redeem the shares before February 25, 2016. The shares may be convertible into another series of preferred shares at the option of the holder. The shares carry a non-cumulative quarterly dividend at a rate of $0.28125 per share.

Prospectus: (2007)
Short form base shelf prospectus - January 5, 2006 (PDF 191KB / 12 pages)
Class B series 13 prospectus supplement (PDF 76KB / 14 pages)

See the Shareholder Information section for dividend history and payment schedule.

Top

Preferred Class B Series 14

Ticker Symbol:
BMO.PR.K

CUSIP:
063671143

Shares Outstanding: (October 31, 2010)
10,000,000

Key Terms:
Class B – Series 14 shares are redeemable at our option starting November 25, 2012 for $25.00 cash per share, plus a premium if we redeem the shares before November 25, 2016. The shares may be convertible into another series of preferred shares at the option of the holder. The shares carry a non-cumulative quarterly dividend at a rate of $0.328125 per share.

Prospectus: (2007)
Short form base shelf prospectus - January 5, 2006 (PDF 191KB / 12 pages)
Class B series 14 prospectus supplement (PDF 78KB / 14 pages)

See the Shareholder Information section for dividend history and payment schedule.

Top

Preferred Class B Series 15

Ticker Symbol:
BMO.PR.L

CUSIP:
063671796

Shares Outstanding: (October 31, 2010)
10,000,000

Key Terms:
Class B – Series 15 shares are redeemable at our option starting May 25, 2013 for $25.00 cash per share, plus a premium if we redeem the shares before May 25, 2017. The shares may be convertible into another series of preferred shares at the option of the holder. The shares carry a non-cumulative quarterly dividend of $0.36250 per share.

Prospectus: (2008)
Short form base shelf prospectus - January 4, 2008 (PDF 209KB / 13 pages)
Class B series 15 prospectus supplement (PDF 80KB / 15 pages)


See the Shareholder Information section for dividend history and payment schedule.

Top

Preferred Class B Series 16

Ticker Symbol:
BMO.PR.M

CUSIP:
063671788

Shares Outstanding: (October 31, 2010)
12,000,000

Key Terms:
Class B - Subject to certain conditions, the Series 16 Preferred Shares are redeemable at our option on August 25, 2013 and on August 25 every five years thereafter for $25 per share including all declared and unpaid dividends to the redemption date. Holders of the Preferred Share 16 will have the right, at their option, to convert their shares into Floating Rate Series 17 Preferred Shares, subject to certain conditions, on August 25, 2013 and on August 25 every five years thereafter.

For the initial 5-year fixed rate period, the Series 16 shares carry a non-cumulative quarterly dividend of $0.32500 per share, subject to certain conditions. For each subsequent period and subject to certain conditions, the dividend rate for holders of the Preferred Shares Series 16 will reset every five years to be equal to the 5-Year Government of Canada Bond Yield plus 1.65 per cent. Also, holders of the Preferred Shares Series 17 will be entitled, subject to certain conditions, to receive non-cumulative preferential floating rate quarterly dividends, equal to the then three month Government of Canada Treasury Bill yield plus 1.65 per cent.

Prospectus: (2008)
Short form base shelf prospectus - January 4, 2008 (PDF 209KB / 13 pages)
Class B series 16 prospectus supplement (PDF 103KB / 26 pages)


See the Shareholder Information section for dividend history and payment schedule.

Top

Preferred Class B Series 18

Ticker Symbol:
BMO.PR.N

CUSIP:
063671150

Shares Outstanding: (October 31, 2010)
6,000,000

Key Terms:
Class B - Subject to certain conditions, the Series 18 Preferred Shares are redeemable at our option on February 25, 2014 and on February 25 every five years thereafter for $25 per share including all declared and unpaid dividends to the redemption date. Holders of the Preferred Share 18 will have the right, at their option, to convert their shares into Floating Rate Series 19 Preferred Shares, subject to certain conditions, on February 25, 2014 and on February 25 every five years thereafter.

For the initial 5-year fixed rate period, the Series 18 shares carry a non-cumulative quarterly dividend of $0.40625 per share, subject to certain conditions. For each subsequent period and subject to certain conditions, the dividend rate for holders of the Preferred Shares Series 16 will reset every five years to be equal to the 5-Year Government of Canada Bond Yield plus 3.83 per cent. Also, holders of the Preferred Shares Series 19 will be entitled, subject to certain conditions, to receive non-cumulative preferential floating rate quarterly dividends, equal to the then three month Government of Canada Treasury Bill yield plus 3.83 per cent.

Prospectus: (2008)
Short form base shelf prospectus - January 4, 2008 (PDF 209KB / 13 pages)
Class B series 18 prospectus supplement (PDF 116KB / 27 pages)


See the Shareholder Information section for dividend history and payment schedule.

Top

Preferred Class B Series 21

Ticker Symbol:
BMO.PR.O

CUSIP:
063671762

Shares Outstanding: (October 31, 2010)
11,000,000

Key Terms:
Class B - Subject to certain conditions, the Series 21 Preferred Shares are redeemable at our option on May 25, 2014 and on May 25 every five years thereafter for $25 per share including all declared and unpaid dividends to the redemption date. Holders of the Preferred Share 21 will have the right, at their option, to convert their shares into Floating Rate Series 22 Preferred Shares, subject to certain conditions, on May 25, 2014 and on May 25 every five years thereafter.

For the initial 5-year fixed rate period, the Series 21 shares carry a non-cumulative quarterly dividend of $0.40625 per share, subject to certain conditions. For each subsequent period and subject to certain conditions, the dividend rate for holders of the Preferred Shares Series 21 will reset every five years to be equal to the 5-Year Government of Canada Bond Yield plus 4.58 per cent. Also, holders of the Preferred Shares Series 22 will be entitled, subject to certain conditions, to receive non-cumulative preferential floating rate quarterly dividends, equal to the then three month Government of Canada Treasury Bill yield plus 4.58 per cent.

Prospectus: (2008)
Short form base shelf prospectus - January 4, 2008 (PDF 209KB / 13 pages)
Class B series 21 prospectus supplement (PDF 116KB / 28 pages)


See the Shareholder Information section for dividend history and payment schedule.

Top

Preferred Class B Series 23

Ticker Symbol:
BMO.PR.P

CUSIP:
063671747

Shares Outstanding: (October 31, 2010)
16,000,000

Key Terms:
Class B - Subject to certain conditions, the Series 23 Preferred Shares are redeemable at our option on February 25, 2015 and on February 25 every five years thereafter for $25 per share including all declared and unpaid dividends to the redemption date. Holders of the Preferred Share 23 will have the right, at their option, to convert their shares into Floating Rate Series 24 Preferred Shares, subject to certain conditions, on February 25, 2015 and on February 25 every five years thereafter.

For the initial 5-year fixed rate period, the Series 23 shares carry a non-cumulative quarterly dividend of $0.3375 per share, subject to certain conditions. For each subsequent period and subject to certain conditions, the dividend rate for holders of the Preferred Shares Series 23 will reset every five years to be equal to the 5-Year Government of Canada Bond Yield plus 2.41 per cent. Also, holders of the Preferred Shares Series 23 will be entitled, subject to certain conditions, to receive non-cumulative preferential floating rate quarterly dividends, equal to the then three month Government of Canada Treasury Bill yield plus 2.41 per cent.

Prospectus: (2008)
Short form base shelf prospectus - January 4, 2008 (PDF 209KB / 13 pages)
Class B series 23 prospectus supplement (PDF 118KB / 28 pages)


See the Shareholder Information section for dividend history and payment schedule.

Top

Preferred Class B Series 25

Ticker Symbol:
BMO.PR.Q

CUSIP:
063679203

Shares Outstanding: (March 11, 2011)
11,600,000

Key Terms:
This summary is qualified entirely by the Provisions Attaching to “Non-Cumulative 5-Year Rate Reset Class B Preferred Shares, Series 25” filed on SEDAR.

Class B - Subject to certain conditions, the Series 25 Preferred Shares (the “Series 25”) are redeemable at our option on August 25, 2016 and on August 25 every five years thereafter for $25 per share including all declared and unpaid dividends to the redemption date. Holders of the Series 25 will have the right, at their option, to convert their shares into Floating Rate Series 26 Preferred Shares, subject to certain conditions, on August 25, 2016 and on August 25 every five years thereafter.

For the initial 5-year fixed rate period, the Series 25 shares carry a fixed non-cumulative quarterly dividend of $0.24375 per share, subject to certain conditions. For each subsequent fixed rate period and subject to certain conditions, the dividend rate for holders of the Preferred Shares Series 25 will reset every five years to be equal to the 5-Year Government of Canada Bond Yield plus 1.15 per cent. Holders of the Preferred Shares Series 26 will be entitled, subject to certain conditions, to receive non-cumulative preferential floating rate quarterly dividends, equal to the then three month Government of Canada Treasury Bill yield plus 1.15 per cent.

Prospectus: (2011)
Short form base shelf Prospectus - January 11, 2010 (PDF 208KB / 13 pages)
Class B series 25 prospectus supplement (PDF 436KB / 124 pages)

See the Shareholder Information section for dividend history and payment schedule.

Top