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BMO Mutual Funds Wins Lipper AwardBMO Dividend Fund receives top honours at 2009 Lipper Awards

TORONTO, April 29, 2009 – At a ceremony in Toronto Tuesday evening, BMO Dividend Fund was presented with the 2009 Lipper Award for best fund over ten years in the Canadian Dividend & Equity Income.

The Lipper Fund Awards program highlights funds that have excelled in delivering consistently strong risk-adjusted performance relative to peers. Awards are presented to funds in 21 countries in Asia, Europe, and the Americas.

“BMO is honoured to receive this prestigious award,” said Linda Knight, President of BMO Mutual Funds. “Our focus has always been to provide our clients with investment products that will help them achieve their long-term investment goals while providing prudent risk management.”

The BMO Dividend Fund's objective is to achieve a high level of after-tax return, including dividend income and capital gains, from growth in the value of your investment by investing primarily in dividend-yielding common shares of established Canadian companies.

“A long term, income producing, risk adverse approach to investing is a sound investment strategy,” said Michael Stanley, President and CEO, Chief Investment Officer at Jones Heward Investment Counsel Inc., the manager of the Fund. “We adhere to this investment strategy for BMO Dividend Fund, and I think the results speak for themselves with this award.”

BMO Mutual Funds are offered by BMO Investments Inc. which 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 had total assets under management and administration and term investments of $283 billion as at January 31, 2009

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