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BMO Increases the Financing Spread for its MicroSectors™ Gold Miners 3X Leveraged ETNs (NYSE Arca: GDXU)
Bank of Montreal ("BMO") today announced that pursuant to the terms of BMO's MicroSectors™ Gold Miners 3X Leveraged Exchange Traded Notes due June 29, 2040 (the "ETNs"), BMO Capital Markets Corp., the Calculation Agent of the ETNs, is electing to exercise its right to increase the Financing Spread for the ETNs. Capitalized terms used but not defined herein shall have the meanings ascribed to such terms in the ETN Prospectus (as defined below) for the ETNs.
About this update from Bank Of Montreal
[{"type":"text","content":"Filed Pursuant to Rule 433 Registration Statement No. 333-285508 November 14, 2025","length":86,"tagName":"p","attribs":{}},{"type":"text","content":"NEW YORK, Nov. 14, 2025 /CNW/ - Bank of Montreal ("BMO") today announced that pursuant to the terms of BMO's MicroSectors™ Gold Miners 3X Leveraged Exchange Traded Notes due June 29, 2040 (the "ETNs"), BMO Capital Markets Corp., the Calculation Agent of the ETNs, is electing to exercise its right to increase the Financing Spread for the ETNs. Capitalized terms used but not defined herein shall have the meanings ascribed to such terms in the ETN Prospectus (as defined below) for the ETNs.","length":521,"tagName":"p"},{"type":"text","content":"It is expected that effective as of November 21, 2025 (the "Fee Effective Date"), the Financing Spread will be increased as follows:","length":142,"tagName":"p"},{"type":"table","headerItems":[],"items":[{"val":[{"colspan":"1","rowspan":"1","style":"PADDING-RIGHT:0.17em;PADDING-LEFT:0.17em;VERTICAL-ALIGN:MIDDLE;TEXT-ALIGN:CENTER;","val":[{"type":"text","content":" ETN Title ","length":9,"tagName":"p","attribs":{}}]},{"colspan":"1","rowspan":"1","style":"PADDING-RIGHT:0.17em;PADDING-LEFT:0.17em;VERTICAL-ALIGN:MIDDLE;TEXT-ALIGN:CENTER;","val":[{"type":"text","content":" Ticker Symbol ","length":13,"tagName":"p","attribs":{}}]},{"colspan":"1","rowspan":"1","style":"PADDING-RIGHT:0.17em;PADDING-LEFT:0.17em;VERTICAL-ALIGN:MIDDLE;TEXT-ALIGN:CENTER;","val":[{"type":"text","content":" CUSIP ","length":5,"tagName":"p","attribs":{}}]},{"colspan":"1","rowspan":"1","style":"PADDING-RIGHT:0.17em;PADDING-LEFT:0.17em;VERTICAL-ALIGN:MIDDLE;TEXT-ALIGN:CENTER;","val":[{"type":"text","content":" Current ","length":7,"tagName":"p","attribs":{}},{"type":"text","content":" Financing ","length":9,"tagName":"p","attribs":{}},{"type":"text","content":" Spread ","length":6,"tagName":"p","attribs":{}}]},{"colspan":"1","rowspan":"1","style":"PADDING-RIGHT:0.17em;PADDING-LEFT:0.17em;VERTICAL-ALIGN:MIDDLE;TEXT-ALIGN:CENTER;","val":[{"type":"text","content":" Adjusted ","length":8,"tagName":"p","attribs":{}},{"type":"text","content":" Financing ","length":9,"tagName":"p","attribs":{}},{"type":"text","content":" Spread ","length":6,"tagName":"p","attribs":{}}]}]},{"val":[{"colspan":"1","rowspan":"1","style":"PADDING-RIGHT:0.17em;PADDING-...