NEW YORK, Sept. 23, 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.
Coupon
Valuation
Date
|
Coupon
Ex-Date
|
Coupon
Record
Date
|
Coupon
Payment
Date
|
Coupon
Amount
per Note1
|
Current
Yield2
|
September
15, 2020
|
September
25, 2020
|
September
28, 2020
|
October 6,
2020
|
$0.868360
|
12.15%
|
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 tracking fee.
2) "Current Yield" equals the current Coupon Amount per Note
annualized and divided by the closing Indicative Note Value of the
Notes on the Coupon Valuation Date, rounded to two decimal places
for ease of analysis.
The Coupon Amount per Note and Current Yield are not indicative of
future coupon payments, if any, on the Notes. The coupon
or distribution amount under the Notes is not guaranteed.
The Notes are senior, unsecured obligations of Bank of
Montreal.
Investment suitability must be determined individually for each
investor, and the Notes may not be suitable for all investors. This
information is not intended to provide and should not be relied
upon as providing accounting, legal, regulatory or tax advice.
Investors should consult with their own financial advisors as to
these matters.
Bank of Montreal, the issuer of
the Notes, has filed a registration statement (including a pricing
supplement, prospectus supplement and prospectus) with the SEC
about the offering to which this free writing prospectus relates.
Please read those documents and the other documents relating to
this offering that Bank of Montreal has filed with the SEC for more
complete information about Bank of Montreal and this offering. These documents
may be obtained without cost by visiting EDGAR on the SEC Website
at www.sec.gov. Alternatively, Bank of Montreal, any agent or any dealer
participating in this offering will arrange to send the pricing
supplement, the prospectus supplement and the prospectus if so
requested by calling toll-free at 1-877-369-5412.
About Nasdaq Dorsey Wright
Nasdaq Dorsey Wright ("Dorsey Wright") is a registered
investment advisory firm based in Richmond, Virginia. Since 1987, Dorsey Wright has been an advisor to financial
professionals on Wall Street and investment managers worldwide.
Dorsey Wright offers comprehensive
investment research and analysis through their Research Platform
and provides research, modeling and indexes, which apply
Dorsey Wright's expertise in Point
& Figure Relative Strength to various financial products,
including exchange trade funds and notes, mutual funds, UITs,
structured products and managed accounts. In 2015,
Dorsey Wright was acquired by
Nasdaq, Inc. ("Nasdaq"), allowing Dorsey
Wright to work towards even greater innovative solutions for
its clients. As a single company, Nasdaq is one of the
largest providers of Smart Beta indexes with over $50 billion in assets tracking Nasdaq Smart Beta
indexes.
About BMO Financial Group
Serving customers for
200 years and counting, BMO is a highly diversified financial
services provider - the 8th largest bank, by assets, in North
America. With total assets of $974 billion as
of July 31, 2020, and a team of diverse and highly engaged
employees, BMO provides a broad range of personal and commercial
banking, wealth management and investment banking products and
services to more than 12 million customers and conducts business
through three operating groups: Personal and Commercial Banking,
BMO Wealth Management and BMO Capital Markets.
View original
content:http://www.prnewswire.com/news-releases/bank-of-montreal-announces-quarterly-coupon-amount-for-the-dorsey-wright-mlp-index-etn-301136456.html
SOURCE BMO Financial Group