Exhibit 99.3
CONSOLIDATED CAPITALIZATION OF BANK OF MONTREAL
The following table sets forth the consolidated capitalization of the Bank at July 31, 2022.
As at July 31, 2022 | ||||
(in millions of Canadian dollars) | ||||
Subordinated Debt | 7,443 | |||
Total Equity | ||||
Preferred Shares(1) and Other Equity Instruments(2) | 5,708 | |||
Common Shares | 17,392 | |||
Contributed Surplus | 315 | |||
Retained Earnings | 41,653 | |||
Accumulated Other Comprehensive Income | 1,926 | |||
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Total Equity | 66,994 | |||
Total Capitalization | 74,437 | |||
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Notes:
(1) | Preferred Shares classified under Total Equity consist of Class B Preferred Shares Series 27, 29, 31, 33, 42, 44, 46 and 50. 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 nine-months ended July 31, 2022. |
(2) | The Other Equity Instruments described under Total Equity consist of Additional Tier 1 Capital Notes and Limited Recourse Capital Notes, Series 1 and 2. Please refer to Note 5 of the unaudited interim consolidated financial statements of Bank of Montreal for the nine-months ended July 31, 2022. |