CONSOLIDATED CAPITALIZATION OF BANK OF MONTREAL

The following table sets forth the consolidated capitalization of the Bank at October 31, 2021.

As at

October 31, 2021

(in millions of

Canadian dollars)

Subordinated Debt

6,893

Total Equity

Preferred Shares(1) and Other Equity Instruments(2)

5,558

Common Shares

13,599

Contributed Surplus

313

Retained Earnings

35,497

Accumulated Other Comprehensive Income

2,556

Total Equity

57,523

Total Capitalization

64,416

Notes:

(1)

Preferred Shares classified under Total Equity consist of Class B Preferred Shares Series 27, 29, 31, 33, 38, 40, 42, 44 and 46. For more information on the classification of Preferred Shares, please refer to Note 16 of the audited consolidated financial statements of Bank of Montreal for the year ended October 31, 2021.

(2)

The Other Equity Instruments described under Total Equity consist of Additional Tier 1 Capital Notes and Limited Recourse Capital Notes, Series 1. Please refer to Note 16 of the audited consolidated financial statements of Bank of Montreal for the year ended October 31, 2021.

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BMO - Bank of Montreal published this content on 03 December 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 03 December 2021 22:31:11 UTC.