Exhibit 99.3
CONSOLIDATED CAPITALIZATION OF BANK OF MONTREAL
The following table sets forth the consolidated capitalization of the Bank at July 31, 2020.
As at July 31, 2020 | ||||
(in millions of Canadian dollars) | ||||
Subordinated Debt | 8,513 | |||
Total Equity | ||||
Preferred Shares(1) and Other Equity Instruments(2) | 5,348 | |||
Common Shares | 13,200 | |||
Contributed Surplus | 302 | |||
Retained Earnings | 29,902 | |||
Accumulated Other Comprehensive Income | 5,835 | |||
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Total Equity | 54,587 | |||
Total Capitalization | 63,100 | |||
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Notes:
(1) | Preferred Shares classified under Total Equity consist of Class B Preferred Shares Series 25, 26, 27, 29, 31, 33, 35, 36, 38, 40, 42, 44 and 46. For more information on the classification of Preferred Shares, please refer to Note 6 of the unaudited interim consolidated financial statements of Bank of Montreal for the nine-months ended July 31, 2020. |
(2) | The Other Equity Instruments described under Total Equity consist of Additional Tier 1 Capital Notes. Please refer to Note 6 of the unaudited interim consolidated financial statements of Bank of Montreal for the nine-months ended July 31, 2020. |