News Releases

BMO Financial Group Announces Cash Distributions for BMO Exchange Traded Funds

TORONTO, March 21, 2011 – BMO Financial Group announced today the March 2011 cash distributions for certain BMO Exchange Traded Funds (ETFs)* that distribute either monthly or quarterly. Unitholders of record at close of business on March 30, 2011 will receive cash distributions payable on April 7, 2011.

Details of the per unit distribution amounts are as follows:

BMO ETF	Ticker	Cash Distribution per Unit ($)
ETFs with Monthly Distributions:
BMO Short Federal Bond Index ETF	ZFS	0.042
BMO Mid Federal Bond Index ETF	ZFM	0.043
BMO Long Federal Bond Index ETF	ZFL	0.058
BMO Short Provincial Bond Index ETF	ZPS	0.053
BMO Short Corporate Bond Index ETF	ZCS	0.057
BMO Mid Corporate Bond Index ETF	ZCM	0.065
BMO Long Corporate Bond Index ETF	ZLC	0.072
BMO Aggregate Bond Index ETF	ZAG	0.055
BMO Real Return Bond Index ETF	ZRR	0.033
BMO High Yield US Corporate Bond Hedged to CAD Index ETF	ZHY	0.108
BMO Emerging Markets Bond Hedged to CAD Index ETF	ZEF	0.073
BMO 2013 Corporate Bond Target Maturity ETF	ZXA	0.057
BMO 2015 Corporate Bond Target Maturity ETF	ZXB	0.061
BMO 2020 Corporate Bond Target Maturity ETF	ZXC	0.066
BMO 2025 Corporate Bond Target Maturity ETF	ZXD	0.068
BMO S&P/TSX Equal Weight Banks Index ETF	ZEB	0.048
BMO Equal Weight Utilities Index ETF	ZUT	0.065
BMO Equal Weight REITs Index ETF	ZRE	0.085
BMO Monthly Income ETF	ZMI	0.075
BMO Covered Call Canadian Banks ETF	ZWB	0.129

ETFs with Quarterly Distributions:
BMO Dow Jones Canada Titans 60 Index ETF	ZCN	0.103
BMO US Equity Hedged to CAD Index ETF	ZUE	0.089
BMO Dow Jones Industrial Average Hedged to CAD Index ETF	ZDJ	0.105
BMO S&P/TSX Equal Weight Oil & Gas Index ETF	ZEO	0.097
BMO International Equity Hedged to CAD Index ETF	ZDM	0.083
BMO Global Infrastructure Index ETF	ZGI	0.097
BMO Equal Weight US Banks Hedged to CAD Index ETF	ZUB	0.038

Further information about BMO ETF Products can be found at www.bmo.com/etfs.

*BMO ETFs are managed and administered by BMO Asset Management Inc., a portfolio manager and a separate legal entity from the Bank of Montreal.

About BMO Financial Group

Established in 1817 as Bank of Montreal, BMO Financial Group is a highly-diversified North American financial services organization. With total assets of $413 billion as at January 31, 2010, and more than 38,000 employees, BMO Financial Group provides a broad range of retail banking, wealth management and investment banking products and solutions.

S&P � is a registered trademark of Standard & Poor's Financial Services LLC (“S&P”) and TSX is a trademark of Toronto Stock Exchange (“TSX”). These trademarks have been licensed for use by Bank of Montreal. BMO S&P/TSX Equal Weight Banks Index ETF and BMO S&P/TSX Equal Weight Oil & Gas Index ETF are not sponsored, endorsed, sold or promoted by S&P or TSX, and S&P and TSX make no representation, warranty or condition regarding the advisability of buying, selling or holding units in the BMO ETFs.

The “Dow Jones”-branded indexes underlying BMO's ETFs are products of Dow Jones Indexes, the marketing name and a licensed trademark of CME Group Index Services LLC ("CME"), and have been licensed for use. “Dow Jones”, “Dow Jones Industrial Average”, and "Dow Jones Indexes" are service marks of Dow Jones Trademark Holdings, LLC ("Dow Jones") as the case may be, have been licensed to CME Group Index Services LLC ("CME") and sublicensed for use by BMO Asset Management Inc. (“BMO”). “Titans” is a service mark of CME and has been licensed for use by BMO. The BMO ETFs based on CME's indexes are not sponsored, endorsed, sold or promoted by CME, Dow Jones and their respective affiliates, and CME, Dow Jones and their respective affiliates make no representation regarding the advisability of investing in such ETFs.

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Media Contacts:

Martha McInnis, Toronto, martha.mcinnis@bmo.com, (416) 867-3996
Sarah Bensadoun, Montreal, sarah.bensadoun@bmo.com, (514) 877-8224