BMO targets buyback of up to 25 million common shares under new issuer bid

Reuters2026/08/26 06:47

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BMO plans a normal course issuer bid to repurchase up to 25,000,000 common shares for cancellation, subject to OSFI, TSX approval.
Bid expected to start around Sept. 8, 2026, ending Sept. 7, 2027, unless terminated earlier.
Program size equals about 3.6% of public float as of July 31, 2026.
Repurchases to be executed mainly on the TSX at market prices; exemption-order purchases would generally be at a discount.
Current buyback program 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 on August 26, 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 targets buyback of up to 25 million common shares under new issuer bid

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