BMONT Split Corp. Declares Quarterly Dividends

TORONTO, Oct. 14 /CNW/ - The Board of Directors of BMONT Split Corp. (the "Company") has declared today dividends of $0.3089 per Preferred Share and $0.1300 per Capital Share, payable on November 5, 2008 to holders of record at the close of business on October 27, 2008.

Holders of Preferred Shares are entitled to receive quarterly fixed cumulative distributions equal to $0.3089 per Preferred Share. The Company's Capital Share dividend policy is to pay holders of Capital Shares quarterly dividends in an amount equal to the dividends received by the Company on the Bank of Montreal common shares minus the distributions payable on the Preferred Shares and all administrative and operating expenses.

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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