BMO REX MicroSectors FANG Index 3X Inverse Leveraged ETN (FNGD)

BMO Announces the Reverse Split of Three Series of ETNs

Bank of Montreal (TSX: BMO)(NYSE: BMO) announced today that it will implement a 1-for-10 reverse split of three series of its outstanding exchange traded notes, as listed in the table below (the "ETNs" or "Notes"), expected to be effective as of March 25, 2024 (the "effective date," or the "ex date").