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BMO Harris Appoints BMO Asset Management Corp. as Sub-Advisor for BMO Harris International Special Equity Portfolio and Announces Other Changes


TORONTO, ONTARIO--(Marketwire - Oct. 1, 2012) - BMO Harris Investment Management Inc. ("BHIMI"), the investment management arm of BMO Harris Private Banking and the manager of BMO Harris International Special Equity Portfolio (the "Portfolio"), has received regulatory approval to change the Portfolio's investment objectives without requiring unitholder approval. In connection with the change to the Portfolio's investment objectives, BHIMI will also change the Portfolio's name to BMO Harris U.S. Special Equity Portfolio, and its investment strategies and sub-advisor. Each of these changes will become effective on or about October 26, 2012.

Having determined that there are limited opportunities available for a mandate investing in small- and mid-capitalization companies in the international market, and that there are better opportunities in such issuers in the U.S. market, BHIMI will change the sub-advisor of the Portfolio from GlobeFlex Capital, L.P. to BMO Asset Management Corp., a sub-advisor with expertise in the U.S. small- and mid-capitalization market. As a result of the change in sub-advisor, the Portfolio will adopt new investment strategies to reflect the investment style of the new sub-advisor, BMO Asset Management Corp.

About BMO Asset Management Corp.

BMO Asset Management Corp., with roots dating back to 1973, is headquartered in Chicago, and has significant investment operations in Milwaukee. BMO Asset Management Corp., the U.S. investment management operation of the BMO Global Asset Management ("BMO GAM") umbrella, currently manages approximately $33 billion in a broad array of fixed income, equity and alternative investment strategies across the risk/reward spectrum for corporations, not-for-profit organizations, Taft-Hartley Funds, government entities and individuals. Clients are served through a variety of investment vehicles, including separate accounts, and through BMO Funds, a family of publicly traded mutual funds sold in the United States. In addition, BMO GAM offers clients a true global investment solution through its affiliated investment boutiques which offer investment strategies that are largely complementary to the firm's product mix.

About BMO Harris Private Banking

Backed by the stability and resources of BMO Financial Group, professionals at BMO Harris Private Banking are responsible for the successful management of wealth by providing expert advice and highly personalized services in banking, investment management, estate, trust, succession planning and philanthropic services - all in a coordinated and confident approach. With 34 offices across the Canada, including Halifax, Montreal, Toronto, Calgary and Vancouver, BMO Harris Private Banking is able to service clients in a variety of languages.

Rachael McKay, Toronto
(416) 867-3996
rachael.mckay@bmo.com

Valerie Doucet, Montreal
(514) 877-8224
valerie.doucet@bmo.com

Laurie Grant, Vancouver
(604) 665-7596
laurie.grant@bmo.com