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Bank of Montreal plans to redeem all of its $1 billion 1.928% Series K Medium-Term Notes, classified as Non-Viability Contingent Capital subordinated indebtedness, on July 22, 2026. These notes were originally scheduled to mature on July 22, 2031.
The redemption price will be 100% of the principal amount plus accrued and unpaid interest up to, but excluding, the redemption date, after which interest will stop accruing. The redemption has been approved by the Office of the Superintendent of Financial Institutions. BMO reports total assets of $1.5 trillion as of April 30, 2026.
Bank of Montreal plans to redeem all of its $1 billion 1.928% Series K Medium-Term Notes, classified as Non-Viability Contingent Capital subordinated indebtedness, on July 22, 2026. These notes were originally scheduled to mature on July 22, 2031.
The redemption price will be 100% of the principal amount plus accrued and unpaid interest up to, but excluding, the redemption date, after which interest will stop accruing. The redemption has been approved by the Office of the Superintendent of Financial Institutions. BMO reports total assets of $1.5 trillion as of April 30, 2026.
Bank of Montreal reports updated earnings coverage ratios for the 12 months ended April 30, 2026 and October 31, 2025. Earnings before interest on subordinated indebtedness and income tax were $13,368.32 million for the April 2026 period and $11,989.87 million for the October 2025 period.
Interest coverage on subordinated indebtedness was 30.12 times for April 2026 compared with 26.32 times for October 2025. Grossed up dividend coverage on Class B preferred shares and other equity instruments was 25.74 times versus 23.63 times, and combined interest and dividend coverage was 14.13 times versus 12.70 times for the same comparative periods.
Bank of Montreal reports updated earnings coverage ratios for the 12 months ended April 30, 2026 and October 31, 2025. Earnings before interest on subordinated indebtedness and income tax were $13,368.32 million for the April 2026 period and $11,989.87 million for the October 2025 period.
Interest coverage on subordinated indebtedness was 30.12 times for April 2026 compared with 26.32 times for October 2025. Grossed up dividend coverage on Class B preferred shares and other equity instruments was 25.74 times versus 23.63 times, and combined interest and dividend coverage was 14.13 times versus 12.70 times for the same comparative periods.
Bank of Montreal submitted a Form 6-K that incorporates its latest quarterly report for the period ended April 30, 2026 into existing SEC registration statements. The filing includes Section 302 certifications in which the CEO and CFO state that, to their knowledge, the report is accurate and fairly presents the bank’s financial condition.
They also describe their responsibilities for designing, evaluating, and maintaining disclosure controls and internal control over financial reporting, and for disclosing any significant deficiencies, material weaknesses, or fraud to the auditors and audit committee.
Bank of Montreal submitted a Form 6-K that incorporates its latest quarterly report for the period ended April 30, 2026 into existing SEC registration statements. The filing includes Section 302 certifications in which the CEO and CFO state that, to their knowledge, the report is accurate and fairly presents the bank’s financial condition.
They also describe their responsibilities for designing, evaluating, and maintaining disclosure controls and internal control over financial reporting, and for disclosing any significant deficiencies, material weaknesses, or fraud to the auditors and audit committee.
Bank of Montreal announced that its Board of Directors declared a quarterly common share dividend of $1.71 per share for the third quarter of fiscal 2026. This represents a 4 cent, or 2 percent, increase from the prior quarter and is up 5 percent from the prior year.
The common share dividend is payable on August 26, 2026 to shareholders of record on July 30, 2026. The Board also declared a dividend on Class B Preferred Shares Series 44, payable on August 25, 2026 to shareholders of record on July 30, 2026.
Both common and preferred dividends are designated as eligible dividends for Canadian tax purposes. Common shareholders may choose to reinvest cash dividends in additional common shares through BMO’s Shareholder Dividend Reinvestment and Share Purchase Plan, with shares purchased on the open market without a discount.
Bank of Montreal announced that its Board of Directors declared a quarterly common share dividend of $1.71 per share for the third quarter of fiscal 2026. This represents a 4 cent, or 2 percent, increase from the prior quarter and is up 5 percent from the prior year.
The common share dividend is payable on August 26, 2026 to shareholders of record on July 30, 2026. The Board also declared a dividend on Class B Preferred Shares Series 44, payable on August 25, 2026 to shareholders of record on July 30, 2026.
Both common and preferred dividends are designated as eligible dividends for Canadian tax purposes. Common shareholders may choose to reinvest cash dividends in additional common shares through BMO’s Shareholder Dividend Reinvestment and Share Purchase Plan, with shares purchased on the open market without a discount.
BMO Financial Group reported strong growth for the second quarter ended April 30, 2026. Reported net income rose to $2,630 million, up 34% from $1,962 million a year earlier, while adjusted net income reached $2,733 million, also up 34%. Diluted EPS increased to $3.53 reported and $3.67 adjusted, reflecting higher revenue across Canadian and U.S. banking, Wealth Management and Capital Markets, and a lower provision for credit losses of $739 million versus $1,054 million.
Return on equity improved to 13.0% reported and 13.5% adjusted, and the quarterly dividend was raised to $1.71 per share, 5% above the prior year. The CET1 capital ratio was 13.0%. BMO also agreed to sell its Transportation Finance and Vendor Finance businesses to Stonepeak, expecting an approximate $1.1 billion pre-tax charge in fiscal 2026 and to retain a 19.9% equity interest in the new entity.
BMO Financial Group reported strong growth for the second quarter ended April 30, 2026. Reported net income rose to $2,630 million, up 34% from $1,962 million a year earlier, while adjusted net income reached $2,733 million, also up 34%. Diluted EPS increased to $3.53 reported and $3.67 adjusted, reflecting higher revenue across Canadian and U.S. banking, Wealth Management and Capital Markets, and a lower provision for credit losses of $739 million versus $1,054 million.
Return on equity improved to 13.0% reported and 13.5% adjusted, and the quarterly dividend was raised to $1.71 per share, 5% above the prior year. The CET1 capital ratio was 13.0%. BMO also agreed to sell its Transportation Finance and Vendor Finance businesses to Stonepeak, expecting an approximate $1.1 billion pre-tax charge in fiscal 2026 and to retain a 19.9% equity interest in the new entity.
BMO Financial Group reported a strong second quarter of 2026 with sharply higher profit and earnings per share. Net income was $2,630 million, up 34% from $1,962 million a year earlier, while adjusted net income rose to $2,733 million, also up 34%. Diluted EPS increased to $3.53, up 41%, and adjusted EPS reached $3.67, up 40%. Reported return on equity improved to 13.0%, with adjusted ROE at 13.5%, reflecting higher revenue, lower credit losses and controlled expenses.
Provision for credit losses fell to $739 million from $1,054 million, and the total PCL ratio declined to 0.45%. BMO declared a quarterly common dividend of $1.71 per share, up 5% year-over-year and 2% sequentially, equivalent to $6.84 annually, and repurchased 6.0 million common shares at an average price of $193.47. Capital ratios remained robust, with a Common Equity Tier 1 Ratio of 13.0% and a TLAC Ratio of 29.0%. BMO also agreed to sell its Transportation Finance and Vendor Finance businesses to Stonepeak for cash plus an earn-out, retaining an approximate 19.9% equity interest and expecting a pre-tax charge of about $1.1 billion in the third quarter treated as an adjusting item.
BMO Financial Group reported a strong second quarter of 2026 with sharply higher profit and earnings per share. Net income was $2,630 million, up 34% from $1,962 million a year earlier, while adjusted net income rose to $2,733 million, also up 34%. Diluted EPS increased to $3.53, up 41%, and adjusted EPS reached $3.67, up 40%. Reported return on equity improved to 13.0%, with adjusted ROE at 13.5%, reflecting higher revenue, lower credit losses and controlled expenses.
Provision for credit losses fell to $739 million from $1,054 million, and the total PCL ratio declined to 0.45%. BMO declared a quarterly common dividend of $1.71 per share, up 5% year-over-year and 2% sequentially, equivalent to $6.84 annually, and repurchased 6.0 million common shares at an average price of $193.47. Capital ratios remained robust, with a Common Equity Tier 1 Ratio of 13.0% and a TLAC Ratio of 29.0%. BMO also agreed to sell its Transportation Finance and Vendor Finance businesses to Stonepeak for cash plus an earn-out, retaining an approximate 19.9% equity interest and expecting a pre-tax charge of about $1.1 billion in the third quarter treated as an adjusting item.
Bank of Montreal filed a Form 13F holdings report that lists 13,875 Form 13F information table entries with a combined market value of $268,538,461,023. The filing identifies 11 other included managers and is signed by Kathryn Cenac, Managing Director, Regulatory Solution Group, on 05-13-2026.
Bank of Montreal filed a Form 13F holdings report that lists 13,875 Form 13F information table entries with a combined market value of $268,538,461,023. The filing identifies 11 other included managers and is signed by Kathryn Cenac, Managing Director, Regulatory Solution Group, on 05-13-2026.
Bank of Montreal priced US$1,500,000 of Senior Medium-Term Notes, Series K — Capped Buffer Enhanced Return Notes linked to the S&P 500® Futures Excess Return Index. Pricing Date was April 17, 2026 with settlement on April 22, 2026 and maturity on April 22, 2031. The notes offer 200.00% upside participation subject to a Maximum Redemption Amount of $1,900.00 per $1,000 (a 90.00% cap). The structure protects the first 20.00% of decline (Buffer Level = 80.00% of Initial Level) but exposes investors to losses beyond that buffer, up to an 80.00% loss of principal. The document states an estimated initial value of $951.38 per $1,000. All payments are subject to the issuer credit risk of Bank of Montreal and the notes will not be listed on an exchange.
Bank of Montreal is offering unsecured market-linked, auto-callable notes due April 23, 2029 that pay a monthly fixed coupon of $1,000×8.25%/yr pro rata and return the face amount at maturity only if the lowest performing underlying ETF closes at or above its threshold (80% of starting value) on the final calculation day. If any lowest performing Underlier finishes below its threshold, holders suffer 1-to-1 loss on the decline in excess of the 20% buffer, exposing holders to up to an 80% loss of principal. The pricing date was April 17, 2026, issue date April 22, 2026, original offering price $1,000 and estimated initial value $973.01 per security.