News Releases

HPCC Dividend Notice - March 2, 2011

Harris Preferred Capital Corporation announced that on March 2, 2011, the Board of Directors declared a quarterly dividend of $0.46094 per share on its issued and outstanding Series A Preferred Stock, unchanged from the previous quarter. The dividend is payable on March 30, 2011 to stockholders of record on March 15, 2011. Harris Preferred Capital Corporation is an indirect wholly-owned subsidiary of Harris National Association, a national banking association based in Chicago, Illinois, and Bank of Montreal. Its principal business objective is to acquire, hold, finance and manage qualifying real estate investment trust ("REIT ") assets.

Based in Canada and established in 1817, Bank of Montreal is a highly diversified North American financial services organization. It provides a broad range of retail banking, wealth management and investment banking products and solutions to customers in North America and internationally.

Media Inquiries: Jim Kappel, Vice President, Corporate Communications (312) 461-2478)

Investor Relations Inquiries: Viki Lazaris, Senior Vice President, Investor Relations (416) 867-6656)

Harris® is a trade name used by various financial service subsidiaries of Harris Financial Corp. Shares of Harris Preferred Capital Corporation are NOT FDIC INSURED, MAY LOSE VALUE AND CARRY NO BANK GUARANTEE.