Bank / Credit Union

BMO to repurchase up to 22.5 million of common shares

December 20, 2021

Bank of Montreal Financial Group has announced its intention to purchase up to 22.5 million of its common shares under a normal course issuer bid. The bank will make the purchases through the Toronto Stock Exchange, according to a press release.

The bank will file a notice of intention with the TSX and commence its bid following regulatory approval. These shares represent 3.5% of the public float of common shares, according to the release.