News Releases

Bank of Montreal today announced that the Board of Directors declared a quarterly dividend of $0.70 per share on paid-up common shares of Bank of Montreal for the fourth quarter of fiscal year 2008, unchanged from the previous quarter.

For the current quarter, the Board also declared a dividend of $0.33125 a share on paid-up Class B Preferred Shares Series 5, a dividend of $0.296875 a share on paid-up Class B Preferred Shares Series 6, a dividend of US $0.371875 a share on paid-up Class B Preferred Shares Series 10, a dividend of $0.28125 a share on paid-up Class B Preferred Shares Series 13, a dividend of $0.328125 a share on paid-up Class B Preferred Shares Series 14, a dividend of $0.36250 a share on paid-up Class B Preferred Shares Series 15, and an initial dividend of $0.55205 a share on paid-up Class B Preferred Shares Series 16 of BMO.

The dividend on the common shares is payable November 27, 2008 to shareholders of record on October 31, 2008. The dividends on the preferred shares are payable November 25, 2008 to shareholders of record on October 31, 2008.

The above-mentioned dividends on the common and preferred shares are designated as “eligible” dividends for the purposes of the Income Tax Act (Canada) and any similar provincial and territorial legislation.

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