Core Viewpoint - Bank of Montreal (BMO) will implement a 1-for-20 reverse split of its MicroSectors Gold Miners -3X Inverse Leveraged Exchange Traded Notes (ETNs), effective October 22, 2025 [1][2]. Summary by Sections Reverse Split Details - The reverse split will adjust the trading denominations of the ETNs, with holders receiving one reverse split-adjusted ETN for every twenty pre-reverse split ETNs they hold [2][3]. - Investors with a number of ETNs not evenly divisible by twenty will receive a cash payment for any fractional ETNs remaining, determined on October 27, 2025, based on the closing Indicative Note Value [3][4]. Trading and CUSIP Changes - The ETNs will begin trading on a reverse split-adjusted basis on the NYSE Arca, Inc. on the effective date, with a new CUSIP assigned [2][4]. - The closing Indicative Note Value on October 21, 2025, will be multiplied by twenty to determine the reverse split-adjusted closing Indicative Note Value [4][5]. Financial Impact - The aggregate principal amount of the ETNs will not change, except for the reduction due to cash payments for any fractional ETNs [5]. - An illustration shows that if an investor holds 100,000 ETNs at a hypothetical closing Indicative Note Value of $5.00, post-split they will hold 5,000 ETNs at $100.00 each, maintaining an aggregate value of $500,000 [6][7].

TD Bank hired a top risk-transfer banker from rival Bank of Montreal, the latest move to poach talent in a sector growing at a double-digit pace https://t.co/9dheHI9JAe ...

TORONTO, Sept. 29, 2025 /CNW/ - BMO Investments Inc. today announced a special reinvested distribution for unitholders of Active ETF Series of BMO Global REIT Fund (Cboe Canada: BGRT) (the "Fund").The reinvested distribution for the Active ETF Series of BMO Global REIT Fund generally represent net realized capital gains and net income. They are not paid in cash, but are reinvested in additional Canadian dollar denominated units of the Active ETF Series of BMO Global REIT Fund at a price equal to the net ass ...

Core Insights - The podcast aims to provide valuable information for both beginner and intermediate investors, focusing on passive index investing and the benefits of using ETFs [1][2][3] Group 1: Passive Index Investing - The discussion includes the definition of total market index investing and the advantages of passive index investing compared to active stock picking [2][17] - Research supports the effectiveness of passive index investing, highlighting its potential for better long-term returns with lower fees [17][19] - The podcast emphasizes the importance of understanding the differences between all-in-one ETFs and their underlying components for potential cost savings and tax optimization [15][19] Group 2: Fixed Income Options - The podcast explores various fixed-income investment options available in Canada, such as high-interest savings accounts, GICs, and bond ETFs, along with their respective pros and cons [3][19] - It addresses the challenges investors face when selecting specific types of bonds to mitigate volatility and maintain income stability during market downturns [3][19] - The discussion includes personal insights on the importance of maintaining a fixed income portion in a portfolio, especially for those transitioning to retirement [16][19] Group 3: BMO ETFs - BMO has recently reduced fees on its all-in-one ETFs to 0.15%, positioning them as one of the lowest-cost options in Canada [4][12] - BMO offers a range of asset allocation ETFs designed for broad diversification and ease of use, appealing to both new and experienced investors [12][13] - The podcast highlights the significance of asset allocation in determining portfolio performance, with BMO's ETFs providing a hands-free investment approach [12][13]

Core Insights - Bank of Montreal (BMO) is initiating a process to sell some of its U.S. branches, which hold approximately $6 billion in deposits, as part of its strategy to streamline its U.S. retail footprint following its largest acquisition in 2023 [1][8] - The potential sale may involve branches in states such as Wyoming and the Dakotas, and could include associated loans, although the plans are still preliminary [2][8] - This move follows BMO's $16.3 billion acquisition of BNP Paribas' U.S. unit, Bank of the West, which added nearly 500 branches and expanded its customer base by about 2 million [3][8] Strategic Review - BMO is reviewing its branch network to streamline operations, which may involve closures or consolidations, a common practice after major acquisitions [4] - The divestiture reflects BMO's focus on optimizing its U.S. presence while supporting efficiency gains and strengthening its long-term growth strategy [5] Market Performance - Over the past six months, shares of Bank of Montreal have gained 33.2%, outperforming the industry's growth of 22.4% [6]

Core Viewpoint - Appian Capital has sold two royalty and streaming assets to Versamet Royalties for up to $170 million, with $125 million paid upfront, indicating strong market interest in quality mining assets [1][2]. Group 1: Sale Details - The sale includes a 2.75% net smelter return (NSR) royalty on the Santa Rita polymetallic mine in Brazil and a 90% silver stream on the Rosh Pinah mine in Namibia [2]. - A portion of the sale consideration, $45 million, is contingent on expansion milestones at Santa Rita, including payments tied to processing underground ore and achieving specific throughput rates [7]. Group 2: Asset Overview - Santa Rita is a large open-pit polymetallic mine in Brazil, currently transitioning to underground mining, which is expected to extend its mine life to over 20 years and improve production efficiency [4][6]. - The Rosh Pinah mine in Namibia has been operational for over 55 years, producing significant quantities of zinc, lead, and silver [8]. Group 3: Future Prospects - Versamet plans to fund the acquisition through $180 million in credit facilities from the Bank of Montreal and National Bank of Canada [3]. - Both mines have significant growth catalysts, with the RP2.0 expansion at Rosh Pinah expected to double mill throughput and the Santa Rita underground project nearing a construction decision [12].

Core Viewpoint - Bank of Montreal (BMO) has initiated the process of selling some of its U.S. branches, which hold approximately $6 billion in deposits, as part of a strategy to optimize its operations following a significant acquisition [1] Company Summary - BMO is evaluating the sale of certain regional branches, considering exits from states like Wyoming and North Dakota, with potential sales being either whole or in parts [1] - The bank declined to comment on the matter when approached for a statement [1] - In 2023, BMO completed the acquisition of West Coast Bank, a subsidiary of BNP Paribas in the U.S., for $16.3 billion, marking its largest transaction to date [1] Industry Context - The banking industry is witnessing a shift as customers increasingly prefer online and mobile banking services, prompting institutions to optimize resource allocation by selling or closing overlapping branches after major acquisitions [1]

Core Viewpoint - Bank of Montreal (BMO) is considering selling some of its U.S. branches, particularly in Wyoming and the Dakotas, following its recent acquisition of Bank of the West, which expanded its U.S. presence significantly [1][3]. Group 1: Branch Sales - BMO is reportedly looking to sell branches either together or in clusters, potentially including loans along with deposits [2]. - The sales process has been initiated, but plans are not finalized, and the sales may not occur [2]. - This move is not uncommon for banks after a significant acquisition, as they often reassess their branch networks [3]. Group 2: Recent Acquisitions - BMO's acquisition of Bank of the West, finalized in February 2023, added approximately 500 branches, bringing its total U.S. branches to around 1,000 [3][5]. - The acquisition deal was valued at $16.3 billion and provided BMO with access to 1.8 million new customers and key growth markets in California [4]. Group 3: Future Plans and Developments - BMO is also expanding its wealth management capabilities through the planned acquisition of Burgundy Asset Management for about $625 million, expected to close by the end of 2025 [6]. - New offerings are being developed in collaboration with Mastercard, including a travel rewards card and an expanded money transfer service [7].

Core Viewpoint - Bank of Montreal (BMO) is considering selling some of its U.S. branches, particularly in Wyoming and the Dakotas, following its recent acquisition of Bank of the West, which expanded its U.S. presence significantly [1][3]. Group 1: Branch Sales - BMO is reportedly looking to sell branches either together or in clusters, potentially including loans along with deposits [2]. - The sales process has been initiated, but plans are not finalized, and the sales may not occur [2]. - This move is not uncommon for banks after a significant acquisition, as they often reassess their branch networks [3]. Group 2: Recent Acquisitions - BMO's acquisition of Bank of the West, finalized in February 2023, added approximately 500 branches, bringing BMO's total U.S. branches to around 1,000 [3][5]. - The acquisition was valued at $16.3 billion and provided BMO with access to 1.8 million new customers and key growth markets in California [4]. Group 3: Future Plans - BMO is also expanding its wealth management capabilities through the planned acquisition of Burgundy Asset Management for about $625 million, expected to close by the end of 2025 [6]. - New offerings are being developed in collaboration with Mastercard, including a travel rewards card and an expanded money transfer service [7].

Canada-based Bank of Montreal (NYSE:BMO) (TSX:BMO:CA) is said to have launched a sale process for some of its U.S. branches with about $6B in deposits. The branches may include loans in addition to deposits, people familiar with the matter told ...