An anonymous director reports
BANK OF MONTREAL ANNOUNCES QUARTERLY COUPON AMOUNT FOR THE DORSEY WRIGHT MLP INDEX ETN
Bank of Montreal has provided the quarterly coupon amount for the Dorsey Wright MLP Index ETNs due Dec. 10, 2036. The attached table summarizes the coupon amount for the notes.
Coupon valuation date Coupon ex date Coupon record date Coupon payment date Coupon amount per note (1) Current yield (2)
Sept. 16, 2019 Sept. 26, 2019 Sept. 27, 2019 Oct. 7, 2019 $0.779524 6.27%
(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 advisers 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 Securities and Exchange Commission 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.
About Bank of Montreal
Serving customers for 200 years and counting, the bank is a highly diversified financial services provider -- the eighth largest bank, by assets, in North America. With total assets of $839-billion as of July 31, 2019, and a team of diverse and highly engaged employees, it 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.
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