BMO Financial Group
TSX : BMO
NYSE : BMO

BMO Financial Group

April 14, 2014 14:03 ET

Bank of Montreal Announces Increase to Preferred Share Issue

TORONTO, ONTARIO--(Marketwired - April 14, 2014) -

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Bank of Montreal (TSX:BMO)(NYSE:BMO) today announced that as a result of strong investor demand for its previously announced Basel III-compliant domestic public offering of $300 million of Non-Cumulative 5-year Rate Reset Class B Preferred Shares Series 27 (the "Preferred Shares Series 27"), the size of the offering has been increased to $500 million. As announced earlier today, the revised offering will be underwritten on a bought deal basis by a syndicate led by BMO Capital Markets.

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