Bank of Montreal 1998 Annual Report Download - page 88

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80
BANK OF MONTREAL GROUP OF COMPANIES
NOTE 14 SHARE CAPITAL
Outstanding
(Canadian $ in millions, except per share information) 1998 19 97 19 9 6
Dividends Dividends Dividends
Number of declared Number of declared Number of declared
shares Amount per share shares Amount per share shares Amount per share
Preferred Shares
Class A – Series 4 8,000,000 $ 200 $ 2.25 8,000,000 $ 200 $ 2.25 8,000,000 $ 200 $ 2.25
Class A – Series 5 288 72 19,062.50 288 72 19,062.50 288 72 19,062.50
Class B – Series 1 10,000,000 250 2.25 10,000,000 250 2.25 10,000,000 250 2.25
Class B – Series 2 10,000,000 386 US$1.69 10,000,000 352 US$1.69 10,000,000 335 US$1.69
Class B – Series 3 16,000,000 400 1.39 16,000,000 400 0.93 – – –
Class B – Series 4 8,000,000 200 0.90 ––––––
Class B – Series 5 8,000,000 200 0.99 ––––––
Class B – Series 6 10,000,000 250 0.63 ––––––
1,958 1,274 857
Common Shares 264,433,198 3,095 1.76 261,436,344 3,019 1.64 259,937,006 2,989 1.48
Total Outstanding
Share Capital $ 5,053 $ 4,293 $ 3,846
Redeemable Convertible Dividend Rate
Redeemable starting... Redeemable for... Convertible... starting... Convertible into... and Terms
Preferred Shares
Class A At our option September 20, 1999 $25.00 cash per share Not convertible – –
Quarterly, non-cumulative
Series 4 or an equivalent value dividend equal to the
of our common shares. greater of $0.5625 per
share or 113.2% of the
cash dividend paid on
our common shares.
Class A At our option November 25, 1998 $250,000.00 per share At the share- July 10, 1999 Our common shares.
Quarterly, non-cumulative
Series 5 to be redeemed on holder’s option However, we have dividend of $4,765.625
December 5, 1998. the right to pay per share.
$250,000.00 cash
per share instead.
Class B At our option February 25, 2001 $25.00 cash per share At the share- August 25, 2001 Our common shares.
Quarterly, non-cumulative
Series 1 or an equivalent value of holder’s option However, we have the dividend of $0.5625
our common shares. right to pay $25.00 per share.
cash per share instead.
Class B At our option August 25, 2001 US$25.00 cash At the share- February 25, 2002 Our common shares.
Quarterly, non-cumulative
Series 2 per share or an holder’s option However, we have the dividend of US$0.4219
(US$ shares) equivalent value of right to pay US$25.00 per share.
our common shares. cash per share instead.
Class B At our option August 25, 2004 $25.00 cash per share, At the share- May 25, 2007 Our common shares.
Quarterly, non-cumulative
Series 3 plus a premium if we holder’s option However, we have the dividend of $0.346875
redeem the shares before right to pay $25.00 per share.
August 25, 2006, or an cash per share instead.
equivalent value of our
common shares.
Class B At our option August 25, 2005 $25.00 cash per share, At the share- May 25, 2008 Our common shares.
Quarterly, non-cumulative
Series 4 plus a premium if we holder’s option However, we have the dividend of $0.30
redeem the shares before right to pay $25.00 per share.
August 25, 2007, or an cash per share instead.
equivalent value of our
common shares.
Class B At our option February 25, 2013 $25.00 cash per share. Not convertible – –
Quarterly, non-cumulative
Series 5 dividend of $0.33125
per share.
Class B At our option November 25, 2005 $25.00 cash per share, At the share- November 25, 2008 Our common shares.
Quarterly, non-cumulative
Series 6 plus a premium if we holder’s option However, we have the dividend of $0.296875
redeem the shares before right to pay $25.00 per share.
November 25, 2007, or cash per share instead.
an equivalent value of
our common shares.
Common Not redeemable – – Not convertible – – Dividends on common
Shares
shares are declared by us
on a quarterly basis and
the amount can vary
from quarter to quarter.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS