News Releases

TORONTO, April 23, 2010 - BMO Investments Inc. today announced a change to the distribution policy of BMO U.S. High Yield Bond Fund and changes to the investment strategies of BMO U.S. Dollar Monthly Income Fund, BMO U.S. Special Equity Fund and BMO European Fund.

BMO U.S. High Yield Bond Fund

The distribution policy of BMO U.S. High Yield Bond Fund will change to provide monthly distributions of a fixed amount per unit to unitholders. The first fixed distribution per unit to unitholders will be paid in May 2010.

BMO U.S. Dollar Monthly Income Fund

The investment strategies of BMO U.S. Dollar Monthly Income Fund will change to allow the fund to invest in high yield bonds and debentures, mortgage-backed securities and government agency issued bonds and debentures. In addition, the fund will invest in equity securities through a bottom-up selection process.

BMO U.S. Special Equity Fund

Effective June 4, 2010, the investment strategies of BMO U.S. Special Equity Fund will change to allow the fund to invest in attractively valued, small- and mid-sized companies with prospects for above average capital appreciation, invest using a bottom-up process and seek to aggressively identify and capitalize on catalysts that the portfolio manager believes can drive stocks to achieve their intrinsic value.

BMO European Fund

The investment strategies of BMO European Fund will change. The portfolio manager will employ a fundamental bottom-up investment approach that emphasizes growth and stability of earnings, and will seek to identify attractively priced, high quality companies that show superior long-term economic characteristics.

About BMO Investments Inc.

BMO Investments Inc. is a member of 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 of $250 billion as at January 31, 2010.