BMO announces splits for three exchange traded notes effective Feb. 24

Bank of Montreal (NYSE: BMO) announced splits for three series of its exchange traded notes that will take effect at the open of trading on February 24, 2026.

The MicroSectors FANG & Innovation 3× Leveraged ETNs (NYSE Arca: BULZ) and MicroSectors Gold 3× Leveraged ETNs (NYSE Arca: SHNY) will undergo 10-for-1 splits. The MAX S&P 500 4× Leveraged ETNs (NYSE Arca: SPYU) will have a 2-for-1 split.

The closing Indicative Note Value of each ETN series on February 23, 2026 will be divided by the applicable split factor to determine the split-adjusted closing value. The number of outstanding ETNs will be multiplied by the split factor to determine the adjusted number of notes. Holders as of the February 20, 2026 record date will see the changes reflected on the pay date.

Following the splits, each ETN series will retain the same CUSIP number and continue trading under its current ticker symbol on NYSE Arca. The splits will affect trading denominations but will not change the aggregate principal amount of the ETNs.

The BULZ notes are due June 28, 2041, SHNY notes are due January 29, 2043, and SPYU notes are due November 30, 2043.

The information is based on a press release statement from BMO.

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