Offering expected to close March 31
Bank of Montreal plans a domestic public offering of $200 million of preferred shares.The net proceeds from the offering will be used by the bank for general corporate purposes, BMO says.The Non-Cumulative 5-year Rate Reset Class B Preferred Shares Series 21 will be issued to the public at a price of $25 per share and […]
The bank intends to raise gross proceeds of $200 million with the issue
Royal Bank of Canada is increasing the size of its preferred share offering in response to strong investor demand, the bank said Thursday.On Wednesday, the bank announced a $200 million offering.The bank also granted the underwriters an option to purchase up to an additional 3 million shares at the same offering price of $25 a […]
$200-million offering expected to close Jan. 30
Issue of 8 million preferred shares expected to close Jan. 29
The market meltdown has hit preferred shares, but yields are relatively high and the sector is more attractive than usual