NEW YORK, April 19, 2024 /PRNewswire/ - Bank of Montreal (TSX:BMO) (NYSE:BMO) today announced that it will implement a reverse split of two series of its outstanding exchange traded notes (the "ETNs" or "Notes"), as listed in the table below, expected to be effective as of April 29, 2024 (the "effective date"). The table below indicates the ETNs that will be subject to the reverse split, their trading symbols, the applicable reverse split ratio, their current CUSIP numbers, and the CUSIP numbers that they will receive after giving effect to the reverse split: ETNs Ticker Symbol Reverse Split Ratio Current CUSIP / New CUSIP MicroSectorsTM U.S. Big Banks Index -3X Inverse Leveraged ETNs due March 25, 2039 BNKD 1-for-5 063679625 / 06367V501 MicroSectorsTM Gold Miners -3X Inverse Leveraged ETNs due June 29, 2040 GDXD 1-for-10 063679641 / 06367V600 Each reverse split will be effective at the open of trading on April 29, 2024. Each ETN will begin trading on the NYSE Arca on a reverse split-adjusted basis on that date. Holders of an ETN who purchased that ETN prior to April 29, 2024 will receive one reverse split-adjusted ETN for the applicable number of ETNs in accordance with the applicable reverse split ratio indicated in the table above In addition, investors that hold a number of ETNs that are not evenly divisible by the number indicated above will receive a cash payment for any fractional ETNs remaining (the "partials"). The cash amount due on any partials will be determined on