Bank of Montreal today announced that on Nov. 25, 2008, it will redeem all of its Non-Cumulative Class B Preferred Shares Series 6.

The redemption price, as provided for in the terms of the issue, is $25 per share.

Separately from the redemption price, the final quarterly dividend of 29.6875¢ per share for the Series 6 shares will be paid in the usual manner on Nov. 25, 2008 to shareholders of record on Oct. 31, 2008.

The redemption of the Series 6 shares is part of the bank’s ongoing management of its Tier 1 capital, it says.

IE