LONDON - The Bank of Montreal has released a second supplement to its U.S. $30 billion Note Issuance Program, according to a regulatory announcement on Wednesday. The Financial Conduct Authority approved the addition, which details the bank’s ongoing efforts to raise capital through debt securities.
The document, dated today, is a follow-up to the original prospectus released on July 12, 2024, and the first supplement published on August 27, 2024. The latest supplement has been submitted to the National Storage Mechanism and is now available for public inspection.
The announcement specifies that the information contained within the prospectus is targeted at residents of certain countries and is not intended for use by individuals outside of these regions or to whom the offer is not addressed. The bank emphasizes that the notes have not been registered under the United States Securities Act of 1933 or any state securities laws and, barring certain exceptions, may not be offered or sold in the U.S. or to U.S. persons.
The Bank of Montreal cautions that this announcement is not an offer to sell or a solicitation to buy securities in any jurisdiction where such an offer or solicitation would be considered unlawful.
Investors interested in the details of the note program can access the full supplement document and the incorporated reports, which include the 2024 Annual Information Form dated December 5, 2024, and the 2024 Annual Report, through the URLs provided in the announcement.
The release of this supplement is a significant step for the Bank of Montreal as it continues to engage in capital-raising activities. It is important to note that this article is based on a press release statement and does not constitute financial advice or an endorsement of the Bank of Montreal's securities.
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