BMO Floating Rate Preferred Share Series 17 (BMO.PR.R-T) This is more of a defensive play. It can be Called at any time at $25. This came with the reset spread of 165, so you are getting a T-bill rate, which is around 1%, +165 basis points, 265 for basically a money market piece of paper. If rates go up, you are going to get more money.
Bank Of Montreal (Preferred) is a OTC stock, trading under the symbol BMO.PR.T-T on the (). It is usually referred to as or BMO.PR.T-T
In the last year, there was no coverage of Bank Of Montreal (Preferred) published on Stockchase.
Bank Of Montreal (Preferred) was recommended as a Top Pick by on . Read the latest stock experts ratings for Bank Of Montreal (Preferred).
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In the last year, there was no coverage of Bank Of Montreal (Preferred) published on Stockchase.
On , Bank Of Montreal (Preferred) (BMO.PR.T-T) stock closed at a price of $.
(A Top Pick Sept 8/14. Down 0.77%.) BMO Floating Rate Preferred Share Series 17. Shouldn’t be volatile except when the bank of Canada rate drops. It was up on the year, but as soon as the interest rate cut came in, it dropped. This was a defensive strategy for people who thought rates were going to go up. It is still a pretty good substitute for a Money Market type of return, plus you get the dividend tax credit.