BMO targets buyback of up to 25 million common shares under new issuer bid
BMO•New normal course issuer bid planned
BMO plans a normal course issuer bid to repurchase up to 25,000,000 common shares for cancellation, subject to OSFI and TSX approval.
The bid is expected to start around Sept. 8, 2026, and end on Sept. 7, 2027, unless terminated earlier.
The program size equals about 3.6% of the public float as of July 31, 2026.
Repurchases are expected to be executed mainly on the TSX at market prices; exemption-order purchases would generally be at a discount.
BMO's current buyback program runs from Sept. 5, 2025 to Sept. 4, 2026.
