News Releases

TORONTO, ONTARIO--(Marketwire - Aug. 10, 2011) - BMO Investments Inc. today announced that the portfolio allocation for BMO LifeStage Plus 2017 Fund (the Fund), including the BMO Guardian LifeStage Plus 2017 Fund Advisor Series, has been changed to a "protected" asset mix.

The Fund's portfolio will now consist entirely of fixed income investments (including provincial and corporate bonds) and cash equivalents until its target end date. The management fee for this Fund has been reduced to 1.05 per cent, plus expenses.

In keeping with the Fund's investment strategies, this reallocation to a fixed income portfolio is intended to ensure the Fund maintains sufficient assets, at its target end date, to pay investors the Guaranteed Maturity Amount^(±). Unitholders are currently entitled to receive $12.03 at the Fund's target end date.

As a result of this change, BMO LifeStage Plus 2017 Fund will no longer be available for purchase by investors, including under any pre-authorized contribution plan.

About BMO LifeStage Plus Funds

BMO LifeStage Plus Funds are products designed to protect a customer's investment provided that the customer remains invested in a fund until its target end date.

About BMO Investments Inc.

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 had total assets under management and administration of $283 billion as at April 30^th, 2011.

^(±) In order to receive the highest daily locked-in value (the "Guaranteed Maturity Amount"), investors must remain invested in the Fund until the Fund's target end date. If an investor redeems any of his or her units of the Fund prior to the target end date, the investor will receive the price per unit based on the fund's net asset value next determined after BMO Investments Inc. receives the redemption request, which may be less than the Guaranteed Maturity Amount. Please read the Fund's prospectus before investing and for important information regarding the Guaranteed Maturity Amount.