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BMO Financial Group Announces Intention to Repurchase Up to 25 Million of its Common Shares

BMO
  • Bank of Montreal announced its intention to purchase up to 25 million of its common shares for cancellation under a normal course issuer bid.
  • The share repurchase program is subject to approval by the Office of the Superintendent of Financial Institutions Canada & the Toronto Stock Exchange.
  • Purchases will be conducted through the TSX & may include other designated exchanges, alternative trading systems, or exemption orders.
  • The bid is scheduled to commence around September 8, 2026, & end on September 7, 2027, unless terminated earlier.
  • The 25 million shares represent approximately 3.6% of the public float as of July 31, 2026.
  • There were 697,146,398 common shares issued & outstanding as of July 31, 2026, with a public float of 696,863,163 shares.
  • The program aims to provide additional flexibility for the Bank to manage its capital position.
  • Share acquisition prices will generally be at the prevailing market price, except for purchases made under exemption orders which may occur at a discount.
  • The timing & amount of purchases remain subject to regulatory approvals & management discretion based on market conditions.
  • The Bank's current normal course issuer bid commenced on September 5, 2025, & continues until September 4, 2026.
  • BMO's common shares are listed on both the Toronto & New York Stock Exchanges.
  • The press release includes standard forward-looking statement disclaimers regarding risks such as economic conditions, regulatory changes, & cybersecurity threats.
  • BMO Financial Group reports total assets of $1.5 trillion as of April 30, 2026.