# EDGAR Filing Document

**Accession Number:** 0000927971
**File Stem:** 0001193125-23-053619
**Filing Date:** 2023-2
**Character Count:** 4280
**Document Hash:** 32a07599610b183669046c494dccb0c6
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001193125-23-053619.hdr.sgml**: 20230228

**ACCESSION NUMBER**: 0001193125-23-053619

**CONFORMED SUBMISSION TYPE**: 6-K

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20230228

**FILED AS OF DATE**: 20230228

**DATE AS OF CHANGE**: 20230228

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** BANK OF MONTREAL /CAN/
- **CENTRAL INDEX KEY:** 0000927971
- **STANDARD INDUSTRIAL CLASSIFICATION:** COMMERCIAL BANKS, NEC [6029]
- **IRS NUMBER:** 000000000
- **STATE OF INCORPORATION:** A6
- **FISCAL YEAR END:** 1031

**FILING VALUES:**
- **FORM TYPE:** 6-K
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-13354
- **FILM NUMBER:** 23684443

**BUSINESS ADDRESS:**
- **STREET 1:** 1 FIRST CANADIAN PLACE
- **CITY:** TORONTO
- **STATE:** A6
- **ZIP:** M5X 1A1
- **BUSINESS PHONE:** 4168677191

**MAIL ADDRESS:**
- **STREET 1:** 1 FIRST CANADIAN PLACE
- **CITY:** TORONTO
- **STATE:** A6
- **ZIP:** M5X 1A1

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**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** 

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| | |
|:---|:---|
| **For the month of: February, 2023** | **Commission File Number: 001-13354** |

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## BANK OF MONTREAL
**(Name of Registrant)** 

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| | |
|:---|:---|
| 100 King Street West |  |
| 1 First Canadian Place | 129 rue Saint-Jacques |
| Toronto, Ontario | Montreal, Quebec |
| Canada, M5X 1A1 | Canada, H2Y 1L6 |
| *(Executive Offices)* | *(Head Office)* |

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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 ☑

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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): ☐

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**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.

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| | | |
|:---|:---|:---|
|  | BANK OF MONTREAL | BANK OF MONTREAL |
|  | By: | /s/ Tayfun Tuzun |
|  | Name: | Tayfun Tuzun |
|  | Title: | Chief Financial Officer |
| **Date:** February 28, 2023 | By: | /s/ Paul V. Noble |
|  | Name: | Paul V. Noble |
|  | Title: | Corporate Secretary |

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**EXHIBIT INDEX** 

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| | |
|:---|:---|
| Exhibit | Description of Exhibit |
| **99.1** | Earnings Coverage Ratio |

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## Exhibit 99.1

**Exhibit 99.1** 

**BANK OF MONTREAL** 

**EXHIBIT TO FINANCIAL STATEMENTS FOR THE QUARTER ENDED** 

**JANUARY 31, 2023** 

**EARNINGS COVERAGE RATIO** 

The following consolidated financial ratios for the Bank, are calculated for the 12 months ended January 31, 2023 and October 31, 2022*.*

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| | | |
|:---|:---|:---|
|  | **12 Months Ended<br>January 31, 2023** | **12 Months Ended<br>October 31, 2022** |
|  | **Actual** | **Actual** |
| Interest coverage on<br> subordinated indebtedness | 52.75 times | 79.95 times |

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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 period ending January 31, 2023 and October 31, 2022 the average monthly exchange rates were $1.3099 per US$1.00 and $1.2918 per US$1.00, respectively.

The Bank's earnings before interest on subordinated indebtedness and income tax for the 12 months ended January 31, 2023 were $14,911.84 million, which is 52.75 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, 2022 were $18,111.58 million, which is 79.95 times the Bank's aggregate interest on subordinated indebtedness requirement for this period.

The amounts and ratios reported above are derived from information in the unaudited interim consolidated financial statements for the three months ended January 31, 2023 and the consolidated financial statements for the year ended October 31, 2022.