Bank of Montreal 1999 Annual Report Download - page 92

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Notes to Consolidated Financial Statements
86 Bank of Montreal Group of Companies 1999 Annual Report
Note 13 Share Capital
Outstanding
(Canadian $ in millions, except per share information) 1999 1998 1997
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
–
$
–
$ 1.87 8,000,000 $ 200 $ 2.25 8,000,000 $ 200 $ 2.25
Class A
–
Series 5
––
522.26 288 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 10,000,000 368 US$1.69 10,000,000 386 US$1.69 10,000,000 352 US$1.69
Class B
–
Series 3 16,000,000 400 1.39 16,000,000 400 1.39 16,000,000 400 0.93
Class B
–
Series 4 8,000,000 200 1.20 8,000,000 200 0.90
–––
Class B
–
Series 5 8,000,000 200 1.33 8,000,000 200 0.99
–––
Class B
–
Series 6 10,000,000 250 1.19 10,000,000 250 0.63
–––
1,668 1,958 1,274
Common Shares 267,032,100 3,190 1.88 264,433,198 3,095 1.76 261,436,344 3,019 1.64
Total Outstanding
Share Capital $ 4,858 $ 5,053 $ 4,293
Redeemable Convertible Dividend Rate
Redeemable starting... Redeemable for... Convertible... starting... Convertible into... and Terms
Preferred Shares
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 holder’s option However, we have the dividend of $0.5625
of 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 per share At the share- February 25, 2002 Our common shares.
Quarterly, non-cumulative
Series 2 or an equivalent value holder’s option
However, we have the
dividend of US$0.4219
(US$ shares) of our common shares.
right to pay US$25.00
per share.
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 an cash per share instead.
equivalent value of our
common shares.
Common Shares
Not redeemable
––
Not convertible
––
Dividends on common
shares are declared by us
on a quarterly basis and
the amount can vary from
quarter to quarter.