Form 6-K BANK OF MONTREAL /CAN/ For: Dec 01
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 Banks 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 Banks aggregate interest on subordinated indebtedness requirement for this period. The Banks 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 Banks aggregate interest on subordinated indebtedness requirement for this period.
The amounts and ratios reported above are derived from the Banks annual consolidated financial statements for the year ended October 31, 2015.
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