News Releases

TORONTO, ONTARIO--(Marketwired - Aug. 27, 2013) - BMO Nesbitt Burns Inc. (the "Manager"), the manager of BMO Nesbitt Burns Canadian Stock Selection Fund, BMO Nesbitt Burns U.S. Stock Selection Fund, BMO Nesbitt Burns Bond Fund, BMO Nesbitt Burns Balanced Fund, BMO Nesbitt Burns International Equity Fund, BMO Nesbitt Burns Balanced Portfolio Fund, BMO Nesbitt Burns Growth Portfolio Fund and BMO Nesbitt Burns Maximum Growth Portfolio Fund (collectively, the "Funds"), has made changes to the process to be followed in connection with certain future mergers and other reorganizations involving a Fund.

The Manager will be amending the prospectus related to the Funds to reflect these changes. Pursuant to the changes, in accordance with Canadian securities legislation, unitholders of a Fund will not be asked to approve the transaction. However, they will receive at least 60 days' prior written notice of the transaction, which must be approved by the independent review committee of the Fund.

The type of transaction affected by the changes involves a Fund's reorganization with, or transfer of assets to, another mutual fund with substantially similar investment objectives that is managed by the Manager or an affiliate. Such a transaction may be carried out without unitholder approval provided that certain conditions are met, including: the Fund's independent review committee approves the transaction, the mutual funds participating in the transaction bear none of the costs of the transaction; the transaction complies with certain other requirements of applicable securities laws, including National Instrument 81-102 - Mutual Funds; and unitholders are sent written notice of the transaction at least 60 days before its effective date.

For more information on BMO Nesbitt Burns Group of Funds, please visit http://www.bmo.com/nesbittburns/solutions-services/nb/options/mutual-funds.

About BMO Nesbitt Burns Group of Funds

BMO Nesbitt Burns Group of Funds is a diversified family of funds which includes domestic and global investment options covering various asset classes and regions. The Funds are currently offered by BMO Nesbitt Burns Inc., one of North America's leading full-service investment firms and a member of BMO Financial Group.

About BMO Nesbitt Burns

Backed by the experience, stability and resources of BMO Financial Group, BMO Nesbitt Burns is a full-service investment firm with an extensive network of approximately 1,400 Investment Advisors at 76 branches across Canada. The origins of BMO Nesbitt Burns' predecessor firms date back to 1912. In 1987, BMO Bank of Montreal acquired Nesbitt Thomson, then one of Canada's oldest and most respected investment houses. In 1994, BMO Bank of Montreal also acquired Burns Fry, one of the largest dealers of Canadian equities and debt securities. Nesbitt Thomson and Burns Fry then merged to become BMO Nesbitt Burns.