News Releases

TORONTO, ONTARIO--(Marketwire - Dec. 16, 2011) - BMO Financial Group today announced the December 2011 cash distributions for certain BMO Exchange Traded Funds (ETFs)* that distribute monthly, quarterly, or annually. Unitholders of record at close of business on December 29, 2011 will receive cash distributions payable on January 9, 2012.

Details of the per unit distribution amounts are as follows:

BMO ETFs with Monthly Distributions:		Ticker		Cash Distribution per Unit ($)
BMO Short Federal Bond Index ETF		ZFS		0.033
BMO Mid Federal Bond Index ETF		ZFM		0.042
BMO Long Federal Bond Index ETF		ZFL		0.051
BMO Short Provincial Bond Index ETF		ZPS		0.048
BMO Short Corporate Bond Index ETF		ZCS		0.049
BMO Mid Corporate Bond Index ETF		ZCM		0.060
BMO Long Corporate Bond Index ETF		ZLC		0.069
BMO Aggregate Bond Index ETF		ZAG		0.046
BMO Real Return Bond Index ETF		ZRR		0.029
BMO High Yield US Corporate Bond Hedged to CAD Index ETF		ZHY		0.098
BMO Emerging Markets Bond Hedged to CAD Index ETF		ZEF		0.073
BMO 2013 Corporate Bond Target Maturity ETF		ZXA		0.043
BMO 2015 Corporate Bond Target Maturity ETF		ZXB		0.052
BMO 2020 Corporate Bond Target Maturity ETF		ZXC		0.062
BMO 2025 Corporate Bond Target Maturity ETF		ZXD		0.064
BMO S&P/TSX Equal Weight Banks Index ETF		ZEB		0.051
BMO Equal Weight Utilities Index ETF		ZUT		0.067
BMO Equal Weight REITs Index ETF		ZRE		0.083
BMO Monthly Income ETF		ZMI		0.062
BMO Covered Call Canadian Banks ETF		ZWB		0.101
BMO Covered Call Utilities ETF		ZWU		0.090
BMO Covered Call Dow Jones Industrial Average Hedged to CAD ETF		ZWA		0.078
BMO Canadian Dividend ETF		ZDV		0.055

BMO ETFs with Quarterly Distributions:		Ticker		Cash Distribution per Unit ($)
BMO Dow Jones Canada Titans 60 Index ETF		ZCN		0.107
BMO US Equity Hedged To CAD Index ETF		ZUE		0.096
BMO Dow Jones Industrial Average Hedged To CAD Index ETF		ZDJ		0.125
BMO S&P/TSX Equal Weight Oil & Gas Index ETF		ZEO		0.102
BMO International Equity Hedged To CAD Index ETF		ZDM		0.116
BMO Global Infrastructure Index ETF		ZGI		0.121
BMO Equal Weight US Banks Hedged To CAD Index ETF		ZUB		0.051
BMO Low Volatility Canadian Equity ETF		ZLB		0.095

BMO ETFs with Annual Distributions:		Ticker		Cash Distribution per Unit ($)
BMO Emerging Markets Equity Index ETF		ZEM		0.379
BMO China Equity Hedged to CAD Index ETF		ZCH		0.265
BMO India Equity Hedged to CAD Index ETF		ZID		0.087
BMO NASDAQ 100 Equity Hedged to CAD Index ETF		ZQQ		0.113
BMO Equal Weight U.S. Health Care Hedged to CAD Index ETF		ZUH		0.101
BMO S&P/TSX Equal Weight Global Base Metals Hedged to CAD Index ETF		ZMT		0.123
BMO Junior Gold Index ETF		ZJG		0
BMO Junior Oil Index ETF		ZJO		0.022
BMO Junior Gas Index ETF		ZJN		0.091
BMO Energy Commodities Index ETF		ZCE		0
BMO Agriculture Commodities Index ETF		ZCA		0
BMO Base Metals Commodities Index ETF		ZCB		0
BMO Precious Metals Commodities Index ETF		ZCP		0

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

*BMO ETFs are administered and managed by BMO Asset Management Inc., an investment fund manager and portfolio manager, and a 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, their values change frequently and past performance may not be repeated.

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.

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 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.