NEW YORK, June 18, 2018 /PRNewswire/ - Bank of Montreal today announced the quarterly coupon
amount for the BMO Elkhorn DWA MLP SelectTM Index
Exchange Traded Notes 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 Note
|
|
Current
Yield1
|
June 15,
2018
|
|
June 27,
2018
|
|
June 28,
2018
|
|
July 9,
2018
|
|
$0.692522
|
|
5.57%
|
1) "Current Yield" equals the current Coupon Amount 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 Current Yield is 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 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 $744 billion as of April 30, 2018, 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-bmo-elkhorn-dwa-mlp-select-index-etn-300667983.html
SOURCE BMO Financial Group