Bank of Montreal (BMO) priced US$570,000 of Senior Medium-Term Notes, Series K — Autocallable Barrier Notes with Memory Coupons due May 25, 2029 — linked to the MerQube US Large-Cap Vol Advantage Index (MQUSLVA). The notes pay monthly contingent coupons at 0.9917% per month (≈11.90% per annum) when the Reference Asset closes at or above a Coupon Barrier of 2,644.61 (60.00% of the Initial Level). The Initial Level is 4,407.69. The notes are callable beginning on November 23, 2026 if the Reference Asset closes above the Call Level (100% of Initial Level). At maturity investors receive principal unless a Trigger Event occurs (Final Level < Trigger Level of 2,644.61), in which case the payment equals $1,000 multiplied by the Percentage Change and may be less than principal. The estimated initial value on the Pricing Date was $947.22 per $1,000 principal. Terms include memory coupons, monthly observation dates, and index-specific adjustments and risks described in referenced prospectus materials.
Bank of Montreal prices a preliminary offering of senior medium-term, equity-linked, auto-callable notes due June 1, 2029, linked to the lowest performing common stock of Blackstone Inc. and NVIDIA Corporation. The notes pay monthly contingent coupons (rate at least 20.00% per annum) with a memory feature, may be automatically called if the lowest performing underlier meets its starting value on scheduled calculation days, and expose holders to downside principal risk: if the lowest performing underlier finishes below its downside threshold, holders may receive shares at maturity instead of cash. The pricing timetable shows a pricing date: May 29, 2026 and issue date: June 3, 2026, with an original offering price of $1,000 per security and an estimated initial value of $967.90 (not less than $920.00). Purchases are unsecured obligations of Bank of Montreal and subject to its credit risk.
Bank of Montreal priced a series of equity-linked senior notes (series K) that are auto-callable and linked to the lowest performing share of AAPL, AMD and JPM, maturing May 25, 2029. The original offering price is $1,000 per security (face amount) and the issuer's estimated initial value was $942.59 per security. The securities pay a contingent coupon of 23.30% per annum (monthly) only when the lowest performing underlier on each calculation day is at or above its 60% coupon threshold; unpaid coupons carry forward without interest and may be paid later if threshold conditions are met. If any scheduled monthly calculation day from November 2026 through April 2029 shows the lowest performing underlier at or above its starting value, the notes will be automatically called and redeemed at face amount plus accrued contingent coupon(s). At final maturity, if not called, holders receive $1,000 if the lowest performing underlier is at or above its 60% downside threshold; otherwise the maturity payment equals $1,000 × performance factor of the lowest performing underlier (full downside exposure).
Bank of Montreal offers Market Linked Notes (Series K) — equity‑linked, auto‑callable securities due May 25, 2028. These notes reference the lowest performing of Keysight Technologies (KEYS), NextEra Energy (NEE) and Visa (V). The original offering price is $1,000 per security and the issuer’s estimated initial value on the pricing date was $958.33 per security. The notes pay a contingent coupon of 11.76% per annum (monthly) only when the lowest performing underlier on a calculation day is at or above its coupon threshold (50% of starting value). The notes are automatically called if the lowest performing underlier is at or above 90% of its starting value on specified monthly calculation days (August 2026–April 2028). If not called, maturity pays $1,000 unless the lowest performing underlier on the final calculation day is below its downside threshold (50% of starting value), in which case the maturity payment equals $1,000 × performance factor, exposing investors to loss of principal. Payments are unsecured obligations of Bank of Montreal and subject to its credit risk. Pricing date: May 22, 2026; issue date: May 28, 2026.
Bank of Montreal priced Market Linked Senior Medium-Term Notes (Series K) — equity-linked, auto-callable securities due May 25, 2029. The original offering price is $1,000 per security and the issuer’s estimated initial value on the pricing date was $931.29 per security. The securities pay a contingent coupon of 25.30% per annum monthly when the lowest-performing underlier on each calculation day is at or above its 50% coupon threshold. Starting values on the pricing date (May 22, 2026) were GOOGL $382.97, MU $751.00, and NVDA $215.33. If an automatic call occurs on a calculation day where the lowest-performing underlier is at or above its starting value, holders receive face amount plus accrued contingent coupon payments; otherwise, at maturity the holder may receive less than face amount depending on the lowest-performing underlier’s ending value, with full downside exposure below the 50% downside threshold. The agent discount is $23.25 per security and aggregate original offering price was $16,048,000. These are unsecured obligations of Bank of Montreal and subject to issuer credit risk and complex tax uncertainty.
Bank of Montreal is offering Senior Medium-Term Notes—equity index linked securities tied to the Nasdaq-100 Index® with a stated maturity date of June 2, 2028. The securities have a face amount of $1,000 per security and an original offering price of $1,000 per security.
The securities provide upside participation of 125% subject to a maximum return that will be at least 24.00% of face amount (at least $240), a downside buffer of 15% (threshold = 85% of starting value), and 1-to-1 downside exposure beyond the buffer. The calculation day is May 30, 2028 and the pricing date is May 29, 2026.
Bank of Montreal prices market-linked, auto-callable senior notes linked to NVDA, ORCL and UNH due June 1, 2029. These notes have a face amount of $1,000 per security, an estimated initial value of $960.60 and an original offering price of $1,000 per security. The contingent coupon rate will be set on the pricing date and will be at least 23.30% per annum. Monthly calculation days determine whether a contingent coupon is paid, and the notes are auto-callable if the lowest performing Underlier meets its call threshold on a calculation day. At maturity, if not called, repayment depends on the performance of the lowest performing Underlier: full face amount if its ending value is ≥ 60% of its starting value, otherwise a pro rata payment (example: 45% ending value → $450 per security). Payments are unsecured obligations of Bank of Montreal and subject to its credit risk.
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 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.