BMO plans buyback of up to 25 million shares under normal course issuer bid

Reuters2026/08/25 09:32

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BMO plans to repurchase up to 25,000,000 common shares for cancellation under a normal course issuer bid, pending OSFI, TSX clearance.
Program expected to start around Sept. 8, 2026, ending Sept. 7, 2027, unless terminated earlier.
Buyback ceiling equals about 3.6% of the public float as of July 31, 2026.
Shares would be bought on the TSX, potentially other Canadian venues; pricing typically at market, with exemption-order purchases generally discounted.
Common shares outstanding totaled 697,146,398 as of July 31, 2026; existing buyback runs from Sept. 5, 2025 to Sept. 4, 2026.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. BMO - Bank of Montreal published the original content used to generate this news brief via CNW (Ref. ID: 202608250532CANADANWCANADAPR_C5963) on August 25, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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BMO plans buyback of up to 25 million shares under normal course issuer bid

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