News Releases

TORONTO, ONTARIO--(Marketwire - Nov. 20, 2012) - BMO Financial Group today announced the November 2012 cash distributions for the 24 BMO Exchange Traded Funds (ETFs)* which pay monthly distributions. Unitholders of record at close of business on November 29, 2012 will receive cash distributions payable on December 8, 2012.

Details of the per unit distribution amounts are as follows:

BMO ETFs:	Ticker	Cash Distribution per Unit ($)
BMO Short Federal Bond Index ETF	ZFS	0.029
BMO Mid Federal Bond Index ETF	ZFM	0.041
BMO Long Federal Bond Index ETF	ZFL	0.050
BMO Short Provincial Bond Index ETF	ZPS	0.044
BMO Short Corporate Bond Index ETF	ZCS	0.045
BMO Mid Corporate Bond Index ETF	ZCM	0.059
BMO Long Corporate Bond Index ETF	ZLC	0.067
BMO Aggregate Bond Index ETF	ZAG	0.044
BMO Real Return Bond Index ETF	ZRR	0.028
BMO High Yield US Corporate Bond Hedged to CAD Index ETF	ZHY	0.090
BMO Emerging Markets Bond Hedged to CAD Index ETF	ZEF	0.068
BMO 2013 Corporate Bond Target Maturity ETF	ZXA	0.041
BMO 2015 Corporate Bond Target Maturity ETF	ZXB	0.046
BMO 2020 Corporate Bond Target Maturity ETF	ZXC	0.059
BMO 2025 Corporate Bond Target Maturity ETF	ZXD	0.061
BMO S&P/TSX Equal Weight Banks Index ETF	ZEB	0.054
BMO Equal Weight Utilities Index ETF	ZUT	0.067
BMO Equal Weight REITs Index ETF	ZRE	0.081
BMO Monthly Income ETF	ZMI	0.062
BMO Covered Call Canadian Banks ETF	ZWB	0.072
BMO Covered Call Utilities ETF	ZWU	0.080
BMO Covered Call Dow Jones Industrial Average Hedged to CAD ETF	ZWA	0.075
BMO Canadian Dividend ETF	ZDV	0.060
BMO S&P/TSX Laddered Preferred Share Index ETF**	ZPR	0.000

*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.

** The BMO S&P/TSX Laddered Preferred Share Index ETF was listed on the Toronto Stock Exchange on November 20, 2012, and is expected to declare its initial distribution in December, 2012.

Commissions, management fees and expenses all may be associated with investments in exchange traded funds. Please read the prospectus before investing. Exchange traded funds are not guaranteed, their values change frequently and past performance may not be repeated.

"S & P^®" is a trade-mark of Standard and Poor's Financial Services LLC and "TSX" is a trade-mark of TSX Inc. These and other associated trade-marks and/or service marks have been licensed for use by BMO Asset Management Inc. None of the BMO ETFS are sponsored, endorsed, sold or promoted by any of its aforementioned trade-mark owners and the related index providers or their respective affiliates or their third party licensors and these entities 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®" and "Dow Jones Industrial Average(SM)" 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).

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

About BMO Exchange Traded Funds (ETFs)

Established in May 2009, BMO Financial Group's ETF business is a leading ETF provider in Canada. Since its inception, the lineup of BMO ETFs has grown to 48 funds and includes several industry firsts. BMO ETFs provide Canadian investors with broader choices and greater access to an innovative portfolio of investment products.

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 $542 billion as at July 31, 2012, and more than 46,000 employees, BMO Financial Group provides a broad range of retail banking, wealth management and investment banking products and solutions.