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Form 6-K BANK OF MONTREAL /CAN/ For: Dec 01

December 1, 2015 4:13 PM EST

 

 

FORM 6-K

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

Report of Foreign Private Issuer

Pursuant to Rule 13a-16 or 15d-16

of the Securities Exchange Act of 1934

 

For the month of: December, 2015    Commission File Number: 001-13354

BANK OF MONTREAL

(Name of Registrant)

 

100 King Street West

1 First Canadian Place

Toronto, Ontario

Canada, M5X 1A1

 

(Executive Offices)

  

 

129 rue Saint-Jacques

Montreal, Quebec

Canada, H2Y 1L6

 

(Head Office)

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F:

Form 20-F  ¨             Form 40-F  þ

 

 

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1):  ¨

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7):  ¨

Indicate by check mark whether the registrant by furnishing the information contained in this Form is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.  Yes  ¨  No  þ

If “Yes” is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b): 82-                    .

 

 

 


SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

 

    BANK OF MONTREAL
    By:  

/s/ Thomas E. Flynn

    Name:   Thomas E. Flynn
    Title:   Chief Financial Officer
Date: December 1, 2015     By:  

/s/ Barbara M. Muir

    Name:   Barbara M. Muir
    Title:   Corporate Secretary


EXHIBIT INDEX

 

Exhibit    Description of Exhibit
99.1    Earnings Coverage Ratio

Exhibit 99.1

BANK OF MONTREAL

EXHIBIT TO FINANCIAL STATEMENTS FOR THE YEAR ENDED

October 31, 2015

EARNINGS COVERAGE RATIO

The following consolidated financial ratios for the Bank, are calculated for the 12 months ended October 31, 2015 and October 31, 2014.

 

     12 Months Ended
October 31, 2015
     12 Months Ended
October 31, 2014
 
     Actual      Actual  

Interest coverage on

subordinated indebtedness

     32.05 times         35.51 times   

 

In calculating the interest coverage ratios, foreign currency amounts have been converted to Canadian dollars using rates of exchange as at the end of each month. For the 12 month periods ending October 31, 2015 and October 31, 2014 the average monthly exchange rates were $1.2547 per US$1.00 and $1.0937 per US$1.00, respectively.

The Bank’s earnings before interest on subordinated indebtedness and income tax for the 12 months ended October 31, 2015 were $5,476.54 million, which is 32.05 times the Bank’s aggregate interest on subordinated indebtedness requirement for this period. The Bank’s earnings before interest on subordinated indebtedness and income tax for the 12 months ended October 31, 2014 were $5,329.72 million, which is 35.51 times the Bank’s aggregate interest on subordinated indebtedness requirement for this period.

The amounts and ratios reported above are derived from the Bank’s annual consolidated financial statements for the year ended October 31, 2015.



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