News Releases

TORONTO, ONTARIO--(Marketwire - Dec. 17, 2012) - BMO Financial Group today announced the 2012 annual reinvested distributions for BMO Exchange Traded Funds (ETFs)*. These annual reinvested distributions generally represent realized capital gains within the ETFs or special dividends received by the ETFs.

Unitholders of record at close of business on December 28, 2012 will receive the 2012 reinvested distributions. The actual taxable amounts, including the tax characteristics, will be reported in early 2013.

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	0.000000
BMO Mid Federal Bond Index ETF	ZFM	0.037198
BMO Long Federal Bond Index ETF	ZFL	0.032758
BMO Short Provincial Bond Index ETF	ZPS	0.000000
BMO Short Corporate Bond Index ETF	ZCS	0.000000
BMO Mid Corporate Bond Index ETF	ZCM	0.041158
BMO Long Corporate Bond Index ETF	ZLC	0.020393
BMO Aggregate Bond Index ETF	ZAG	0.012450
BMO Real Return Bond Index ETF	ZRR	0.000000
BMO High Yield US Corporate Bond Hedged to CAD Index ETF	ZHY	0.087495
BMO Emerging Markets Bond Hedged to CAD Index ETF	ZEF	0.194689
BMO 2013 Corporate Bond Target Maturity ETF	ZXA	0.000000
BMO 2015 Corporate Bond Target Maturity ETF	ZXB	0.033097
BMO 2020 Corporate Bond Target Maturity ETF	ZXC	0.137655
BMO 2025 Corporate Bond Target Maturity ETF	ZXD	0.153933
BMO S&P/TSX Equal Weight Banks Index ETF	ZEB	0.000000
BMO Equal Weight Utilities Index ETF	ZUT	0.000000
BMO Equal Weight REITs Index ETF	ZRE	0.000000
BMO Monthly Income ETF	ZMI	0.098610
BMO Covered Call Canadian Banks ETF	ZWB	0.000000
BMO Covered Call Utilities ETF	ZWU	0.000000
BMO Covered Call Dow Jones Industrial Average Hedged to CAD ETF	ZWA	0.000000
BMO Canadian Dividend ETF	ZDV	0.054071
BMO S&P/TSX Laddered Preferred Share Index ETF	ZPR	0.000000
BMO S&P/TSX Capped Composite Index ETF	ZCN	0.000000
BMO S&P 500 Hedged to CAD Index ETF	ZUE	0.818940
BMO Dow Jones Industrial Average Hedged to CAD Index ETF	ZDJ	0.502724
BMO S&P/TSX Equal Weight Oil & Gas Index ETF	ZEO	0.000000
BMO International Equity Hedged to CAD Index ETF	ZDM	0.000000
BMO Global Infrastructure Index ETF	ZGI	0.160055
BMO Equal Weight U.S. Banks Hedged to CAD Index ETF	ZUB	0.000000
BMO Low Volatility Canadian Equity ETF	ZLB	0.081685
BMO S&P 500 Index ETF	ZSP	0.004748
BMO S&P 500 Index ETF (US Dollar Units)	ZSP.U	0.005836
BMO S&P/TSX Equal Weight Industrials Index ETF	ZIN	0.000000
BMO Emerging Markets Equity Index ETF	ZEM	0.000000
BMO China Equity Hedged to CAD Index ETF	ZCH	0.000000
BMO India Equity Hedged to CAD Index ETF	ZID	0.000000
BMO NASDAQ 100 Equity Hedged to CAD Index ETF	ZQQ	0.639617
BMO Equal Weight U.S. Health Care Hedged to CAD Index ETF	ZUH	0.782583
BMO S&P/TSX Equal Weight Global Base Metals Hedged to CAD Index ETF	ZMT	0.000000
BMO S&P/TSX Equal Weight Global Gold Index ETF	ZGD	0.000000
BMO Junior Gold Index ETF	ZJG	0.000000
BMO Junior Oil Index ETF	ZJO	0.000000
BMO Junior Gas Index ETF	ZJN	0.000000
BMO Energy Commodities Index ETF	ZCE	0.000000
BMO Agriculture Commodities Index ETF	ZCA	0.000000
BMO Base Metals Commodities Index ETF	ZCB	0.000000
BMO Precious Metals Commodities Index ETF	ZCP	1.121965

*BMO ETFs are managed and administered 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. Exchange traded funds are not guaranteed, their values change frequently and past performance may not be repeated.

"S&P®", "S&P 500®" and "S&P/TSX Capped Composite™" are trade-marks 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).

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.

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 $525 billion as at October 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.