ARC Resources, Bank of Montreal Receive TSX Approval for Share Repurchase Programs

ARC Resources Ltd. and Bank of Montreal (BMO) have both received regulatory approvals to initiate new normal course issuer bids (NCIBs) allowing them to repurchase their outstanding common shares over the next 12 months, starting in early September 2025. ARC Resources plans to repurchase up to approximately 58 million shares, representing 10% of its public float, complementing its strategy to return capital to shareholders and enhance shareholder value when share prices deviate from intrinsic value. Meanwhile, Bank of Montreal's new NCIB permits repurchasing up to 30 million common shares, replacing its current bid that started in January 2025, underlining its commitment to capital management and signaling confidence in its financial health. Both companies will conduct share repurchases through the Toronto Stock Exchange and other authorized platforms, with daily purchase limits based on average trading volumes. These moves reflect ongoing efforts by major Canadian corporations to optimize shareholder returns and adjust capital structures amidst evolving market conditions. Both ARC and BMO have emphasized transparency and regulatory compliance in their share repurchase programs.