News Releases

BMO Asset Management Inc. Announces Cash Distributions for BMO Exchange Traded Funds

TORONTO, ONTARIO--(Marketwired - Jan. 20, 2015) - BMO Asset Management Inc. ("BMO AM") today announced the January 2015 cash distributions for certain BMO Exchange Traded Funds (ETFs)* that pay monthly distributions. Unitholders of record of the BMO ETFs at close of business on January 29, 2015, will receive cash distributions payable on February 5, 2015.

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	0.024
BMO Mid Federal Bond Index ETF	ZFM	0.035
BMO Long Federal Bond Index ETF	ZFL	0.046
BMO Short Provincial Bond Index ETF	ZPS	0.036
BMO Mid Provincial Bond Index ETF	ZMP	0.042
BMO Long Provincial Bond Index ETF	ZPL	0.046
BMO Short Corporate Bond Index ETF	ZCS	0.043
BMO Mid Corporate Bond Index ETF	ZCM	0.047
BMO Long Corporate Bond Index ETF	ZLC	0.065
BMO Aggregate Bond Index ETF	ZAG	0.041
BMO Discount Bond Index ETF	ZDB	0.027
BMO Real Return Bond Index ETF	ZRR	0.026
BMO Floating Rate High Yield ETF	ZFH	0.053
BMO High Yield US Corporate Bond Hedged to CAD Index ETF	ZHY	0.076
BMO Emerging Markets Bond Hedged to CAD Index ETF	ZEF	0.067
BMO Mid-Term US IG Corporate Bond Index ETF	ZIC	0.048
BMO Mid-Term US IG Corporate Bond Index ETF (U.S. Dollar Units)	ZIC.U	0.042
BMO Short-Term US IG Corporate Bond Hedged to CAD Index ETF	ZSU	0.026
BMO Mid-Term US IG Corporate Bond Hedged to CAD Index ETF	ZMU	0.043
BMO Ultra Short-Term Bond ETF	ZST	0.167
BMO 2015 Corporate Bond Target Maturity ETF	ZXB	0.039
BMO 2020 Corporate Bond Target Maturity ETF	ZXC	0.047
BMO 2025 Corporate Bond Target Maturity ETF	ZXD	0.052
BMO S&P/TSX Equal Weight Banks Index ETF	ZEB	0.062
BMO Equal Weight Utilities Index ETF	ZUT	0.055
BMO Equal Weight REITs Index ETF	ZRE	0.083
BMO Monthly Income ETF	ZMI	0.053
BMO Covered Call Canadian Banks ETF	ZWB	0.073
BMO Covered Call Utilities ETF	ZWU	0.078
BMO Covered Call Dow Jones Industrial Average Hedged to CAD ETF	ZWA	0.078
BMO US High Dividend Covered Call ETF	ZWH	0.085
BMO Canadian Dividend ETF	ZDV	0.060
BMO S&P/TSX Laddered Preferred Share Index ETF	ZPR	0.048
BMO US Dividend Hedged to CAD ETF	ZUD	0.045
BMO US Dividend ETF	ZDY	0.050
BMO US Dividend ETF (U.S. Dollar Units)	ZDY.U	0.045
BMO International Dividend ETF	ZDI	0.067

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

S&P® and S&P 500® are registered trademarks of Standard & Poor's Financial Services LLC, Dow Jones® is a registered trademark of Dow Jones Trademark Holdings LLC, and TSX is a trademark of TSX Inc. These and other associated trademarks and/or service marks have been licensed for use by BMO Asset Management Inc. The indices underlying the ZEB, ZUT, ZRE, ZWA, and ZPR BMO ETFs are products of S&P Dow Jones Indices LLC and 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 trademark 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.

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. 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 financial services organization based in North America. The bank offers a broad range of retail banking, wealth management and investment banking products and services to more than 12 million customers. BMO Financial Group had total assets of $589 billion and more than 46,000 employees at October 31, 2014.

For further information:

Media Contacts:
Jennifer Feeney, Toronto
(416) 867-3996
jennifer.feeney@bmo.com

Valerie Doucet, Montreal
(514) 877-8224
valerie.doucet@bmo.com