BMONT Split Corp. Declares Quarterly Dividend

TORONTO, March 3 /CNW/ - The Board of Directors of BMONT Split Corp. (the "Company") has declared today a dividend of $0.3089 per Preferred Share, payable on May 5, 2009 to holders of record at the close of business on April 24, 2009. Holders of Preferred Shares are entitled to receive quarterly fixed cumulative distributions equal to $0.3089 per Preferred Share.

The Capital Shares and Preferred Shares are scheduled to be redeemed by the Company on August 5, 2009 (the "Redemption Date") in accordance with the redemption provisions as detailed in the prospectus dated July 29, 2004. Notice of Redemption will be given by the Company at least 45 days prior to the Redemption Date.

BMONT Split Corp. is a mutual fund corporation created to hold a portfolio of common shares of Bank of Montreal. Capital Shares and Preferred Shares of BMONT Split Corp. are listed for trading on The Toronto Stock Exchange under the symbols BMT and BMT.PR.A respectively.

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