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发表于 2008-11-29 16:58
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下面是BMO的:; Z2 d& r8 d) ` 
SUMMARY OF THE OFFERING 
/ N( A. Z* c; Q. [$ }& rThis summary is qualified by the detailed information appearing elsewhere in this short form prospectus. For adefinition of certain terms used in this summary, refer to ‘‘Details of the Offering’’. 
1 d/ R; p$ w4 @  p- I! uIssue: Non-Cumulative 5-Year Rate Reset Class B Preferred Shares, Series 18.! g# K; I2 y- e5 N- K9 _ 
Amount: $150,000,000 (6,000,000 shares). 
, h) v. P, l3 n% E& f% SPrice and Yield: $25.00 per share to yield initially 6.50% per annum. 
/ l1 v+ ~$ I: |8 k1 hPrincipal Characteristics of the Preferred Shares Series 18 
0 [' q3 ^  Y8 @$ z! ]: D7 ]Dividends: The holders of the Preferred Shares Series 18 will be entitled to receive fixed 
  R' _. v0 D9 N! E) k6 w- e! }0 Wnon-cumulative preferential cash dividends, as and when declared by the! q. @# ?* r# P# j  B9 V 
Board of Directors, subject to the provisions of the Bank Act, for the initial4 b8 @5 L% f; f 
period commencing on the closing date and ending on and including 
% b- X! ]# E6 JFebruary 25, 2014 (the ‘‘Initial Fixed Rate Period’’), payable quarterly on the- f. g; ]* u& L 
25th day of February, May, August and November in each year, at a rate# s9 j5 }) c4 B# M9 u 
equal to $0.40625 per share. The initial dividend, if declared, will be payable 
9 _, d/ b5 i' ^May 25, 2009 and will be $0.73459 per share, based on the anticipated closing 
5 H( w, K0 R: S/ }; H- I/ n. Kdate of December 11, 2008., c9 {, {. v! N. L 
For each five-year period after the Initial Fixed Rate Period (each, a 
$ q# }+ N" ?. M$ n0 f1 a‘‘Subsequent Fixed Rate Period’’), the holders of the Preferred Shares9 ]. f( _& }* i8 Q 
Series 18 will be entitled to receive fixed non-cumulative preferential cash 
3 z) u1 @7 d# H& U6 e* wdividends, as and when declared by the Board of Directors, subject to the 
, M, a' r4 b, i7 L( vprovisions of the Bank Act, payable quarterly on the 25th day of February,$ \7 h1 E  t# B) ` 
May, August and November in each year, in the amount per share per annum 
/ e5 ]' E% ?* `determined by multiplying the Annual Fixed Dividend Rate applicable to' O6 v- ]  c; I$ _9 _ 
such Subsequent Fixed Rate Period by $25.00. The Annual Fixed Dividend- h* i3 p9 [* D0 C$ c' _ 
Rate for the ensuing Subsequent Fixed Rate Period will be determined by the7 u+ i+ \+ f, d5 d" G& A 
Bank on the 30th day (a ‘‘Fixed Rate Calculation Date’’) prior to the first day 
, m: s; o" M+ ~of such Subsequent Fixed Rate Period and will be equal to the sum of the9 s  i$ m0 U7 S  p% {/ T) g  | 
Government of Canada Yield on the applicable Fixed Rate Calculation Date9 c2 @" N( g# W" D3 ]! u 
plus 3.83%. 
/ }( Q% A! E4 i5 r, b3 BIf the Board of Directors does not declare a dividend, or any part thereof, on 
3 r' O  U* {. L3 G6 r! Z) kthe Preferred Shares Series 18 on or before the dividend payment date for a2 D2 ]1 C% U5 a 
particular quarter, then the entitlement of the holders of the Preferred 
2 X0 W& B+ H8 @, r% {4 n  Z, RShares Series 18 to receive such dividend, or to any part thereof, for such; |) L) A, f: _8 m 
quarter will be forever extinguished. 
' @5 D) q% ?9 t% I9 P2 ]# NRedemption: Subject to the provisions of the Bank Act and to the prior consent of the 
' @2 s2 a5 e" m$ J4 ^* k$ oSuperintendent and to the provisions described below under ‘‘Details of the 
$ o9 M. R' Z, Y7 f3 |Offering — Certain Provisions of the Preferred Shares Series 18 as a 
4 m' c- w; N( f; z, b" }Series — Restrictions on Dividends and Retirement of Shares’’, on8 Q; N3 k% _! k' C/ N7 q* }4 p 
February 25, 2014 and on February 25 every five years thereafter, on not 
' |- E. G) W4 t  R' L! Bmore than 60 nor less than 30 days’ notice, the Bank may redeem all or any1 A% @3 w3 \! t3 T 
part of the then outstanding Preferred Shares Series 18, at the Bank’s option 
9 Q: I/ b7 N6 R1 e* i& Jwithout the consent of the holder, by the payment of an amount in cash for 
; j* D4 \, }/ N8 u- meach such share so redeemed of $25.00 together with all declared and unpaid 
7 t; w# }0 p- `dividends to the date fixed for redemption. 
- @/ W9 y" r* D- S3 t0 U& iConversion into Preferred Holders of Preferred Shares Series 18 will, subject to the automatic: n' p) N) o' Y" k3 C' ` 
Shares Series 19: conversion provisions and the right of the Bank to redeem those shares, have6 @( ^) E4 ?  L7 Z/ p 
the right, at their option, to convert, on February 25, 2014 and on$ R+ P5 V# P4 S" R 
S-4 
: I( q3 \4 \: x+ C+ {February 25 every five years thereafter (a ‘‘Series 18 Conversion Date’’), any( Y, w% m8 @: I/ X/ T 
or all of their Preferred Shares Series 18 into an equal number of Preferred 
4 ~1 `1 U% m5 m. b) n+ CShares Series 19 upon giving to the Bank notice thereof not earlier than8 i7 V2 L2 d, |% o" I* {) d 
30 days prior to, but not later than 5:00 p.m. (Toronto time) on the 15th day 
. _  g' F! V3 d/ p9 k: S" wpreceding, a Series 18 Conversion Date.. W9 r1 ^  g- Y( j 
Automatic Conversion If the Bank determines, after having taken into account all shares tendered9 i# k3 H4 k: p  o1 R- Y 
Provisions: for conversion by holders of Preferred Shares Series 18 and Preferred Shares 
" i7 o- L9 B8 I# C/ c3 R# u9 bSeries 19, as the case may be, that there would be outstanding on such- [9 v9 F$ V5 A 
Series 18 Conversion Date less than 1,000,000 Preferred Shares Series 18,$ _- `9 U' A/ y8 G7 w$ u 
such remaining number of Preferred Shares Series 18 will automatically be8 M. s& e) Z7 t; e- b 
converted on such Series 18 Conversion Date into an equal number of 
  i3 u( C; k" P$ k2 g: ~Preferred Shares Series 19. Additionally, if the Bank determines that, after 
0 Z  d# w) |5 ^1 Iconversion, there would be outstanding on such Series 18 Conversion Date 
. Y3 P7 p# Y# b2 i5 W/ nless than 1,000,000 Preferred Shares Series 19 then no Preferred Shares. w' P  ^8 W# U+ d  F5 O* |  B 
Series 18 will be converted into Preferred Shares Series 19.) u  s6 J+ D, W9 W- h) Z, ^ 
Voting Rights: Subject to the provisions of the Bank Act, the holders of Preferred Shares 
" S: w. U: N: c$ ^Series 18 will not be entitled as such to receive notice of, attend, or vote at,9 k; D/ M, O" r$ C0 p) z/ X: s: B 
any meeting of the shareholders of the Bank unless and until the first time at7 u5 A- r1 Z9 U% s* f  W* g, g 
which the Board of Directors has not declared the whole dividend on the7 J5 t- k/ T' X: M* B7 X+ u" P/ { 
Preferred Shares Series 18 in any quarter. In that event, subject as 
# m' ]" U/ R- a0 n: whereinafter provided, the holders of Preferred Shares Series 18 will be 
+ N3 w9 e* M5 ~3 Dentitled to receive notice of, and to attend, meetings of shareholders at which 
5 x' D5 i/ Y2 X2 X& @1 l) [% Pdirectors of the Bank are to be elected and will be entitled to one vote for 
, ~* m% J! I; e4 Zeach Preferred Share Series 18 held. The voting rights of the holders of the 
, P  N6 y3 a8 L" `( S9 LPreferred Shares Series 18 will forthwith cease upon payment by the Bank of# t/ v9 s: T8 f& A0 E 
the first dividend on the Preferred Shares Series 18 to which the holders are/ t- r! m- L, l. @$ J$ D0 C- W 
entitled thereunder subsequent to the time such voting rights first arose until1 T. K5 ^+ K( l( d0 A 
such time as the Bank may again fail to declare the whole dividend on the 
& A2 y/ i* Y, @Preferred Shares Series 18 in respect of any quarter, in which event such 
5 ?# [" t; n2 \# d9 H1 |( D- ^  Tvoting rights will become effective again and so on from time to time. 
  F) h6 f8 g: Q8 c$ PPrincipal Characteristics of the Preferred Shares Series 19 
! V3 z" |" ?( MDividends: The holders of the Preferred Shares Series 19 will be entitled to receive" d% `; E1 o' A' p0 @ 
floating rate non-cumulative preferential cash dividends, as and when 
+ I% O7 O+ a) ^5 _- Fdeclared by the Board of Directors, subject to the provisions of the Bank Act, 
. z$ }7 |' A2 xpayable quarterly on the 25th day of February, May, August and November 
, K+ g9 E7 f7 ^. Q2 Z4 Z+ v- ein each year, in the amount per share determined by multiplying the 
; b6 R6 e" e. }: J7 b# W5 eapplicable Quarterly Floating Dividend Rate by $25.00. 
% |: ^8 V% K8 m) K4 N- [9 u. pOn the 30th day prior to the commencement of the initial quarterly dividend' w! L3 ^/ s1 }8 |$ L1 y6 L 
period beginning on February 25, 2014, and on the 30th day prior to the first 
  S4 W( ]" v6 {% C3 [" b3 g- p# ^; wday of each subsequent quarterly dividend period (the initial quarterly9 G4 H+ ^" w1 ?- ^( g 
dividend period and each subsequent quarterly dividend period is referred to 
) Q7 D, L8 N/ l* N/ L  ?as a ‘‘Quarterly Floating Rate Period’’), the Bank will determine the 
9 v- C/ P' _/ C4 ZQuarterly Floating Dividend Rate for the ensuing Quarterly Floating Rate 
& D! c- @0 w4 }5 k/ _. V# pPeriod. The Quarterly Floating Dividend Rate will be equal to the sum of the; K; [; [1 z$ o 
T-Bill Rate plus 3.83% (calculated on the basis of the actual number of days 
* o6 X& X* n# T- k/ X; F/ Relapsed in the applicable Quarterly Floating Rate Period divided by 365)/ }4 \* ^# B, h0 B1 M0 ~ 
determined on the 30th day prior to the first day of the applicable Quarterly 
7 ~2 g. d& \! q( M0 H% z/ vFloating Rate Period. 
$ `: J. J- m! Y2 t: s9 P( `S-5 
1 }# G" V; e8 u; i2 ]3 j+ eIf the Board of Directors does not declare a dividend, or any part thereof, on 
4 E4 P2 ^. l  `* L9 z. ?% S! Ythe Preferred Shares Series 19 on or before the dividend payment date for a 
6 w3 i, w% L) f7 o; iparticular quarter, then the entitlement of the holders of the Preferred 
/ u% Z$ z+ t2 ]7 ^5 J' ?* MShares Series 19 to receive such dividend, or to any part thereof, for such 
" h" O  v& \' }8 C( U) r6 j" iquarter will be forever extinguished.; B2 }$ {8 O5 n6 d, w0 o- L0 { 
Redemption: Subject to the provisions of the Bank Act and to the prior consent of the 
9 M" c4 q: r. q7 g9 X9 eSuperintendent and to the provisions described below under the heading 
" g1 c' {- U( _" n! a" \) l8 E‘‘Details of the Offering — Certain Provisions of the Preferred Shares 
* Q/ b% g. R5 s1 L5 Z: y  ESeries 19 as a Series — Restrictions on Dividends and Retirement of Shares’’, 
' B# A  C" W2 x: A, V5 aon not more than 60 nor less than 30 days’ notice, the Bank may redeem all 
8 D' C! j* B5 M. d. N: Mor any part of the then outstanding Preferred Shares Series 19, at the Bank’s 
% U, u! ~# q! c5 _! [. Voption without the consent of the holder, by the payment of an amount in 
" m. ]4 j; @1 e$ M/ d$ \  [cash for each such share so redeemed of (i) $25.00 together with all declared 
  Q( \! A2 D8 C( V( ]2 e" xand unpaid dividends to the date fixed for redemption in the case of2 q7 y$ r) {5 y& r 
redemptions on February 25, 2019 and on February 25 every five years$ e1 O( W: \: O! d" [ 
thereafter, or (ii) $25.50 together with all declared and unpaid dividends to 
* I* w! C' X- s2 \the date fixed for redemption in the case of redemptions on any other date$ h6 N0 ]2 Y8 \ 
on or after February 25, 2014. 
5 [! _: S' M/ ^+ G. nConversion into Preferred Holders of Preferred Shares Series 19 will, subject to the automatic; j1 C0 }) m# `! }2 z 
Shares Series 18: conversion provisions and the right of the Bank to redeem those shares, have; r9 N! O4 y( m. \! c: t" e* k7 G0 v 
the right, at their option, to convert, on February 25, 2019 and on 
) Y/ i6 @( Q: lFebruary 25 every five years thereafter (a ‘‘Series 19 Conversion Date’’), any 
  f% _2 o4 }$ m+ yor all of their Preferred Shares Series 19 into an equal number of Preferred 
1 S" ^" x: \/ T4 ]; LShares Series 18 upon giving to the Bank written notice thereof not earlier$ v, t+ G' @; _2 N( a6 W3 m 
than 30 days prior to, but not later than 5:00 p.m. (Toronto time) on the 
8 w: O/ z, x: ?* ^15th day preceding, a Series 19 Conversion Date. 
% g' v) y( U& L4 Y) y5 w6 _Automatic Conversion If the Bank determines, after having taken into account all shares tendered) s+ Q7 I  s: s) s$ O8 J 
Provisions: for conversion by holders of Preferred Shares Series 19 and Preferred Shares9 q) O9 E6 k3 ]1 E  B7 W 
Series 18, as the case may be, that there would be outstanding on such 
* A; Z9 k1 m' h# G) DSeries 19 Conversion Date less than 1,000,000 Preferred Shares Series 19,# T6 S( |8 S% b, r) e2 H 
such remaining number of Preferred Shares Series 19 will automatically be 
) S3 R. Z) {, m( E3 y5 e0 @converted on such Series 19 Conversion Date into an equal number of, S* c6 Q# Q" C4 U; O 
Preferred Shares Series 18. Additionally, if the Bank determines that, after6 C' O* ^2 R4 [$ h5 y4 G9 E 
conversion, there would be outstanding on such Series 19 Conversion Date 
7 B# x' n1 F/ pless than 1,000,000 Preferred Shares Series 18 then no Preferred Shares: U/ {2 [# w! s 
Series 19 will be converted into Preferred Shares Series 18.6 h  W/ R0 V; D 
Voting Rights: Subject to the provisions of the Bank Act, the holders of Preferred Shares 
& m; F8 m2 v: G: H; v0 Y+ FSeries 19 will not be entitled as such to receive notice of, attend, or vote at,) ]! T* U2 n7 Y$ _. @, M 
any meeting of the shareholders of the Bank unless and until the first time at 
  c. c& A) d4 Z2 [( \+ gwhich the Board of Directors has not declared the whole dividend on the- i) a( g' `3 p8 X, E 
Preferred Shares Series 19 in any quarter. In that event, subject as 
  A5 g7 w8 |  R" {; \+ Phereinafter provided, the holders of Preferred Shares Series 19 will be7 x  a/ }6 @' E  U. w# F; m4 u 
entitled to receive notice of, and to attend, meetings of shareholders at which. h+ y+ C- @9 \! W0 T) F 
directors of the Bank are to be elected and will be entitled to one vote for 
; j2 t$ g1 `0 e  C2 R+ Deach Preferred Share Series 19 held. The voting rights of the holders of the 
8 F# t5 z4 }( ?% fPreferred Shares Series 19 will forthwith cease upon payment by the Bank of8 L& Y" _6 v  G2 o 
the first dividend on the Preferred Shares Series 19 to which the holders are0 E1 V$ b" Z$ v) x- C 
entitled thereunder subsequent to the time such voting rights first arose until 
8 x* {3 p6 z2 j1 Msuch time as the Bank may again fail to declare the whole dividend on the: i( x# y5 |9 [# \& {9 C2 O 
Preferred Shares Series 19 in respect of any quarter, in which event such 
  J( b2 F% \/ Q7 B3 o2 Vvoting rights will become effective again and so on from time to time.& Z7 J6 E" u* x0 j+ S9 j 
S-65 y$ D  B7 I! Q7 S: Z/ v 
Priority: The preferred shares of each series of the Bank will rank on a parity with' j3 ~2 j. R* @  ~% `' u 
every other series and are entitled to preference over the common shares of 
8 p0 \. X' {3 `- r: g( G) mthe Bank and over any other shares of the Bank ranking junior to the 
6 w* Y1 }3 t4 ^% ^preferred shares with respect to the payment of dividends and upon any$ Z8 Y9 p0 p% w0 Q( U$ M8 o, l. Q 
distribution of assets in the event of the liquidation, dissolution or% w8 }* O# z$ n6 i- Y 
winding-up of the Bank. 
8 `$ D6 c8 Q2 y. n: iTax on Preferred Share The Bank will elect, in the manner and within the time provided under 
9 n/ M( ]! j: |: z0 y; J' cDividends: Part VI.1 of the Act to pay tax at a rate such that holders of Preferred Shares 
: P/ u0 \. N! b* H8 d0 MSeries 18 and Preferred Shares Series 19 will not be required to pay tax on1 |8 C' y' F( ?* `7 {* T; G 
dividends received on such shares under Part IV.1 of such Act. |   
 
 
 
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