NEW YORK, September 23, 2020 – 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.
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.
Media Contact:
Kelly Hechler, Kelly.Hechler@bmo.com, (416) 867-3996