News Releases

TORONTO, ONTARIO--(Marketwire - Dec. 16, 2011) - BMO Financial Group today announced the 2011 annual reinvested distributions for BMO Exchange Traded Funds (ETFs)¹. These annual reinvested distributions generally represent realized capital gains within the ETFs or special dividends received by the ETFs².

Unitholders of record at close of business on December 29, 2011 will receive the 2011 reinvested distributions. The actual taxable amounts, including the tax characteristics, will be reported in early 2012.

Please note that the cash distributions will be reported separately and may be applicable for some ETFs making annual reinvested distributions.

Details of the per unit reinvested distribution amounts are as follows:

BMO ETF	Ticker	Reinvested Distribution ($)
BMO Short Federal Bond Index ETF	ZFS	0
BMO Mid Federal Bond Index ETF	ZFM	0.039013
BMO Long Federal Bond Index ETF	ZFL	0.061242
BMO Short Provincial Bond Index ETF	ZPS	0
BMO Short Corporate Bond Index ETF	ZCS	0
BMO Mid Corporate Bond Index ETF	ZCM	0
BMO Long Corporate Bond Index ETF	ZLC	0.002117
BMO Aggregate Bond Index ETF	ZAG	0.020774
BMO Real Return Bond Index ETF	ZRR	0.187519
BMO High Yield US Corporate Bond Hedged to CAD Index ETF	ZHY	0
BMO Emerging Markets Bond Hedged to CAD Index ETF	ZEF	0
BMO Dow Jones Canada Titans 60 Index ETF	ZCN	0
BMO S&P/TSX Equal Weight Banks Index ETF	ZEB	0
BMO S&P/TSX Equal Weight Oil & Gas Index ETF	ZEO	0
BMO Equal Weight Utilities Index ETF	ZUT	0
BMO Equal Weight REITs Index ETF	ZRE	0.044129
BMO Junior Gold Index ETF	ZJG	1.351854
BMO Junior Oil Index ETF	ZJO	0.413786
BMO Junior Gas Index ETF	ZJN	1.195722
BMO Dow Jones Industrial Average Hedged to CAD Index ETF	ZDJ	0
BMO US Equity Hedged to CAD Index ETF	ZUE	0.135482
BMO NASDAQ 100 Equity Hedged to CAD Index ETF	ZQQ	0.431558
BMO Equal Weight US Health Care Hedged to CAD Index ETF	ZUH	0.194574
BMO Equal Weight US Banks Hedged to CAD Index ETF	ZUB	0
BMO International Equity Hedged to CAD Index ETF	ZDM	0
BMO Emerging Markets Equity Index ETF	ZEM	0
BMO Global Infrastructure Index ETF	ZGI	0.095996
BMO China Equity Hedged to CAD Index ETF	ZCH	0
BMO India Equity Hedged to CAD Index ETF	ZID	0
BMO S&P/TSX Equal Weight Global Base Metals Hedged to CAD Index ETF	ZMT	1.728439
BMO Monthly Income ETF	ZMI	0.027553
BMO Energy Commodities Index ETF	ZCE	0
BMO Agriculture Commodities Index ETF	ZCA	0
BMO Precious Metals Commodities Index ETF	ZCP	0.680000
BMO Base Metals Commodities Index ETF	ZCB	0
BMO 2013 Corporate Bond Target Maturity ETF	ZXA	0.004478
BMO 2015 Corporate Bond Target Maturity ETF	ZXB	0.026832
BMO 2020 Corporate Bond Target Maturity ETF	ZXC	0.021958
BMO 2025 Corporate Bond Target Maturity ETF	ZXD	0.041325
BMO Covered Call Canadian Banks ETF	ZWB	0
BMO Covered Call Utilities ETF	ZWU	0
BMO Covered Call Dow Jones Industrial Average Hedged to CAD ETF	ZWA	0
BMO Canadian Dividend ETF	ZDV	0
BMO Low Volatility Canadian Equity ETF	ZLB	0

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

¹BMO ETFs are managed and administered by BMO Asset Management Inc., an investment fund manager and portfolio manager, and separate legal entity from Bank of Montreal. Commissions, management fees and expenses all may be associated with investments in exchange traded funds. Please read the prospectus before investing. The funds are not guaranteed. These values change frequently and past performance may not be repeated.

²Premium income as a result of covered call writing has been distributed monthly as a cash distribution. Premium income when distributed is treated as capital gains by investors.

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 $477 billion as at October 31, 2011, and more than 47,000 employees, BMO Financial Group provides a broad range of retail banking, wealth management and investment banking products and solutions.

Standard & Poor's^® and S&P^® are registered trademarks 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. The BMO ETFs 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 of the BMO ETFs.

The Dow Jones Industrial Average(SM) is a product of Dow Jones Indexes, a licensed trade-mark of CME Group Index Services LLC ("CME"), and has been licensed for use. "Dow Jones®", "Dow Jones Industrial Average(SM)", "Dow Jones Canada Titan 60" and "Titans" are service marks of Dow Jones Trademark Holdings, LLC ("Dow Jones")and have been licensed for use for certain purposes. BMO ETFs based on Dow Jones indexes are not sponsored, endorsed, sold or promoted by Dow Jones, CME or their respective affiliates and none of them makes any representation regarding the advisability of investing in such product(s).

Nasdaq®, OMX®, NASDAQ OMX®, Nasdaq-100®, and Nasdaq-100 Index®, are registered trademarks of The NASDAQ OMX Group, Inc. (which with its affiliates is referred to as the "Corporations") and are licensed for use by BMO Asset Management Inc. The BMO Nasdaq 100 Equity Hedged to CAD Index ETF has not been passed on by the Corporations as to its legality or suitability and is not issued, endorsed, sold, or promoted by the Corporations. THE CORPORATIONS MAKE NO WARRANTIES AND BEAR NO LIABILITY WITH RESPECT TO The BMO Nasdaq 100 Equity Hedged to CAD Index ETF.