FundSERV Code JHN 008

The Bank of Montreal Faircourt Preferred Deposit Notes, Total Return Class, Series 1 (the “New Deposit Notes”) will be issued by Bank of Montreal, in its sole discretion and upon the terms and subject to the conditions specified herein, solely in exchange (the “Exchange”) for deposit notes (“Eligible Deposit Notes”) identified below that are surrendered by the owners thereof (collectively the “Owners” and each an “Owner”) for redemption and cancellation in payment of the subscription price for New Deposit Notes.

  • JHN 300 Bank of Montreal Faircourt Principal Protected Income Trust Deposit Notes, Series 1
  • JHN 301 Bank of Montreal Faircourt Principal Protected Income Trust Deposit Notes, Series 2
  • JHN 302 Bank of Montreal Faircourt Principal Protected R.O.C. Deposit Notes, Series 1

In order to subscribe for New Deposit Notes, a switch order in respect of each of the Eligible Deposit Notes being surrendered for redemption and cancellation (collectively the “Original Deposit Notes” and each an “Original Deposit Note”) in payment of the subscription price for New Deposit Notes must be initiated on the mutual fund order entry system FundSERV by 4:00 pm (Toronto time) on December 21, 2006. Each Original Deposit Note will, in the sole discretion of Bank of Montreal, be exchanged for a proportion of a New Deposit Note determined by the exchange ratio (the “Exchange Ratio”) for the Original Deposit Note.

Click here for more information