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MicroSectors U.S. Big Oil 3x Lvrgd ETNs SEC Filings

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Bank of Montreal filed a report providing updated earnings coverage ratios for the 12 months ended January 31, 2026 and October 31, 2025. These ratios show how many times the bank’s earnings can cover its interest and preferred share obligations.

For the period ended January 31, 2026, interest coverage on subordinated indebtedness was 27.56 times and grossed up dividend coverage on Class B preferred shares and other equity instruments was 23.90 times. Combined interest and grossed up dividend coverage on subordinated debt, preferred shares and other equity instruments was 13.05 times, slightly higher than 12.70 times for the period ended October 31, 2025.

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Bank of Montreal filed a Form 6-K to furnish officer certifications related to its quarterly report for the period ended January 31, 2026. The Chief Executive Officer and Chief Financial Officer each certify that the report is accurate, fairly presents the bank’s financial condition and results, and that disclosure controls and internal control over financial reporting have been designed, evaluated, and updated as needed.

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Bank of Montreal announced that its Board of Directors declared a quarterly dividend of $1.67 per common share for the second quarter of fiscal 2026, unchanged from the prior quarter. The common share dividend is payable on May 26, 2026 to shareholders of record on April 29, 2026.

The Board also declared dividends on its Class B Preferred Shares Series 44, 50 and 52, with payments on May 25 or May 26, 2026, to shareholders of record on April 29, 2026. All declared common and preferred dividends are designated as “eligible” dividends for Canadian tax purposes.

Common shareholders may reinvest cash dividends in additional Bank of Montreal common shares through the Shareholder Dividend Reinvestment and Share Purchase Plan. Shares under the plan will be purchased on the open market without a discount, and registered shareholders must enroll with the transfer agent by May 1, 2026 to participate for this dividend.

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BMO Financial Group reported strong first-quarter 2026 results, with net income of $2,489 million, up 16% from a year earlier, and diluted EPS rising to $3.39 from $2.83. Adjusted net income was $2,551 million and adjusted EPS reached $3.48, both showing double-digit growth.

Revenue grew to $9,824 million, driven by higher net interest income and non-interest revenue, including record revenue in each operating segment. Provision for credit losses fell to $746 million from $1,011 million, while the total PCL ratio improved to 0.44%.

Return on equity strengthened to 12.1% on a reported basis and 12.4% on an adjusted basis. BMO maintained a solid Common Equity Tier 1 capital ratio of 13.1%, continued normal course share repurchases, and declared a quarterly common dividend of $1.67 per share, up $0.08 from the prior year.

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BMO Financial Group delivered strong growth in the first quarter of 2026. Reported net income rose to $2,489 million, up 16% from a year earlier, and adjusted net income reached $2,551 million. Diluted EPS increased to $3.39 reported and $3.48 adjusted, reflecting double-digit earnings growth.

Profitability improved, with reported return on equity rising to 12.1% and adjusted ROE to 12.4%. Provision for credit losses fell to $746 million from $1,011 million, showing better credit performance. The Common Equity Tier 1 capital ratio was a solid 13.1%.

All operating segments contributed, including higher net income in Canadian P&C, U.S. Banking, Wealth Management and Capital Markets, while Corporate Services losses narrowed. BMO declared a quarterly dividend of $1.67 per common share, up $0.08 or 5% from the prior year, and repurchased 6.0 million common shares.

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Bank of Montreal /CAN/ filed a Form 13F-HR institutional holdings report. This quarterly filing shows that the manager and its included affiliates reported 13,531 individual positions in securities that fall under Form 13F reporting.

The combined Form 13F information table carries a total reported value of 288,733,290,837, rounded to the nearest dollar. The report is filed as a full 13F holdings report, meaning all holdings for this reporting manager are presented in this filing rather than split with other managers.

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Bank of Montreal filed a Form 6-K as a foreign private issuer to provide legal opinions and related consents supporting an existing SEC registration statement. The filing includes opinions from Sullivan & Cromwell LLP as U.S. counsel and Osler, Hoskin & Harcourt LLP as Canadian counsel.

The document states that the information and exhibits are incorporated by reference into a previously declared effective registration statement, helping to satisfy legal and regulatory requirements for the bank’s securities offerings.

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Bank of Montreal submitted a Form 6-K as a foreign private issuer, furnishing its BMO 2025 Annual Report to Shareholders as Exhibit 99.1. The report is signed on behalf of the bank by the Chief Financial Officer, Tayfun Tuzun, and Corporate Secretary, Pascale Elharrar, confirming it as an official communication to investors.

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FAQ

What is the current stock price of MicroSectors U.S. Big Oil 3x Lvrgd ETNs (NRGD)?

The current stock price of MicroSectors U.S. Big Oil 3x Lvrgd ETNs (NRGD) is $40.99 as of February 27, 2026.

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