News Releases

BMO Investments Inc. today announced changes to the BMO International Bond Fund and BMO Bond Fund.

BMO International Bond Fund
Subject to unitholder approval, BMO International Bond Fund's investment objectives will be changed to provide greater geographic diversification of the portfolio and enhanced income-earning potential. The investment objectives will be broadened to allow the fund to invest in bonds and debentures issued by governments and corporations around the world, including Canada and the United States. Currently, the fund invests only in bonds and debentures issued by governments and corporations outside North America. The fund name will also be changed to "BMO World Bond Fund".

A meeting of unitholders will be held on or about July 7, 2005. Subject to approval, the changes will be effective on or about July 22, 2005.

BMO Bond Fund
To provide greater investment flexibility and income earning potential, the BMO Bond Fund's investment strategies have been revised, effective today, to allow the fund to invest up to 10 per cent of the value of its assets in non-investment grade debt. The fund invests primarily in securities rated BBB or higher by Standard & Poors Rating Service or the equivalent rating as defined by other recognized rating agencies. This change to the fund's investment strategies does not require the approval of unitholders. The fund's investment objectives will not be changed and the fund will remain appropriate for investors who prefer low to medium investment risk.

BMO Investments Inc. is a member of the BMO Financial Group and part of the organization's Private Client Group. The Private Client Group provides integrated wealth management services in Canada and the United States and has total assets under management and administration and term investments of $284.7 billion as at January 31, 2005.

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