BMO Exit From AIR MILES Threatens Diversified Royalty's Core Revenue Stream
Bank of Montreal's 2026 departure from the AIR MILES Reward Program puts royalty income at risk for Diversified Royalty Corp., which owns the program through AM Royalties Limited Partnership. BMO serves as both guarantor and financier of the partnership, making the transition material for dividend sustainability through 2027.
ViaNews Editorial Team (Markets)•