BMONT Split Corp. Confirms Final Redemption and Declares Quarterly Dividend

About this update from Bahia Metals Corp.

[{"type":"text","content":"\n\n\n\nTORONTO, July 16 /CNW/ - The Board of Directors of BMONT Split Corp. (the\n"Company") has declared today a dividend of $0.3089 per Preferred Share,\npayable on August 5, 2009 to holders of record at the close of business on\nAugust 4, 2009. Holders of Preferred Shares are entitled to receive quarterly\nfixed cumulative distributions equal to $0.3089 per Preferred Share.\n\n\nThe Capital Shares and Preferred Shares will be redeemed by the Company\non August 5, 2009 (the "Redemption Date") in accordance with the redemption\nprovisions as detailed in the prospectus dated July 29, 2004. Pursuant to\nthese provisions, the Preferred Shares will be redeemed at a price per share\nequal to the lesser of $27.45 and the net asset value per unit. The Capital\nShares will be redeemed at a price for every two shares equal to the amount by\nwhich the net asset value per unit exceeds $27.45.\n\n\nHolders of Capital Shares who requested to receive their redemption\npayment in Bank of Montreal common shares ("BMO Shares") and gave notice to\nthis effect and tendered $27.45 for every two Capital Shares by July 7, 2009\nwill receive their pro rata share of the BMO Shares. The redemption of Capital\nShares and Preferred Shares will constitute a taxable disposition of the\nCompany's shares at the time of the redemption whether the payment is received\nin the form of cash or BMO Shares.\n\n\nA further press release will be issued by the Company in connection with\nthe redemption prices on July 31, 2009. Payment of the amounts due to holders\nof Capital Shares and Preferred Shares will be made by the Company on August\n5, 2009.\n\n\nBMONT Split Corp. is a mutual fund corporation created to hold a\nportfolio of BMO Shares. Capital Shares and Preferred Shares of BMONT Split\nCorp. are listed for trading on The Toronto Stock Exchange under the symbols\nBMT and BMT.PR.A respectively.\n\n\n%SEDAR: 00020962E\n\n\n","length":1996,"tagName":"div"}]

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