EX-99.3 4 d360944dex993.htm EX-99.3 EX-99.3

Exhibit 99.3

CONSOLIDATED CAPITALIZATION OF BANK OF MONTREAL

The following table sets forth the consolidated capitalization of the Bank at April 30, 2023.

 

     As at
April 30, 2023		  
     (in millions of Canadian
dollars)		  

Subordinated Debt

      8,195  

Total Equity

   

Preferred Shares(1) and Other Equity Instruments(2)

      6,958  

Common Shares

      22,062  

Contributed Surplus

      327  

Retained Earnings

      44,143  

Accumulated Other Comprehensive Income

      2,576  
  

 

 

  

Total Equity

      76,066  

Total Capitalization

      84,261  
  

 

 

  

Notes:

 

(1)

Preferred Shares classified under Total Equity consist of Class B Preferred Shares Series 27, 29, 31, 33, 44, 46, 50 and 52. For more information on the classification of Preferred Shares, please refer to Note 5 of the unaudited interim consolidated financial statements of Bank of Montreal for the six-months ended April 30, 2023.

(2)

The Other Equity Instruments described under Total Equity consist of Additional Tier 1 Capital Notes and Limited Recourse Capital Notes, Series 1, 2 and 3. Please refer to Note 5 of the unaudited interim consolidated financial statements of Bank of Montreal for the six-months ended April 30, 2023.