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CHICAGO, ILLINOIS--(Marketwired - April 7, 2015) - BMO Intermediate Tax-Free Fund has been named best fund over 10 years¹ in the intermediate municipal debt funds category at the 2015 Lipper Fund Awards.

The annual Lipper Fund Awards honor asset managers and individual mutual funds in the U.S. that have excelled in delivering consistently strong risk-adjusted performance relative to their peers.

"Being recognized in this category, and for a time period of this length, is a testament to the expertise and commitment of the Fund's management team as well as the quality, consistency and strength of our entire organization," said Craig Rawlins, Chief Investment Officer, BMO Global Asset Management. "The breadth of our capabilities provides us with the unique ability to create innovative investment solutions that meet evolving client needs and deliver results."

Mr. Rawlins noted that this recognition follows the announcement in February that BMO Funds has been recognized as one of the top performers² in 2014 in the annual Barron's/Lipper Fund Family Ranking, coming in second among U.S. fund providers.

About the BMO Family of Funds

The BMO Funds are a global family of actively managed mutual funds. The firm's funds span the risk/reward spectrum and include: U.S., non-U.S. and global equity funds, U.S. (taxable and tax-free) and emerging markets fixed income funds, money market funds, and a range of multi-asset funds offering outcome-oriented solutions for investors. The family of funds is managed by a multi-disciplined team based in Chicago and Milwaukee, and by a network of world-class boutique managers, which are strategically located across the globe. This network includes Monegy, Inc., Pyrford International Ltd., LGM Investments and Taplin, Canida & Habacht, LLC.

Established in 1992, BMO Funds are advised by BMO Asset Management Corp. Along with its subsidiary boutiques and affiliates, the advisor oversees more than $50 billion in assets under management. BMO Asset Management Corp is a part of BMO Financial Group, a fully diversified financial services organization with $672 billion CND total assets and more than 47,000 employees as of January 31, 2015.

Disclosures

All investments involve risk, including the possible loss of principal.

Performance data quoted represents past performance and past performance is not a guarantee of future results. Investment returns and principal value will fluctuate so that an investor's shares, when redeemed, may be worth more or less than their original cost. Mutual fund performance changes over time and current performance may be lower or higher than what is stated. To receive the most recent month-end performance, call 1-800-236-3863. Returns quoted are pre-tax. Investor should consider his or her current and anticipated investment horizon and income tax bracket when making an investment decision as the illustration above does not reflect these factors. For more information about performance, please contact your investment professional. Total returns for periods of less than one year are cumulative.

You should consider the Funds' investment objectives, risks, charges and expenses carefully before investing. For a prospectus and/or summary prospectus, which contains this and other information about the BMO Funds, call 1-800-236-3863. Please read it carefully before investing.

1) For the 1-year period ending 12/31/14, the BMO Intermediate Tax-Free Fund Y Shares ranked 42 out of 216 funds within Lipper's Intermediate Municipal Debt Funds category. For the 3-year period, Y Shares ranked 15 out of 182 funds. For the 5-year period, Y Shares ranked 22 out of 147 funds. For the 10-year period, Y Shares ranked 2 out of 102 funds. Fund inception date: 11/19/92.

2) BMO Funds did not rank in the Barron's survey in the last 5 and 10 year period.

Interest income from a Fund's investments may be subject to the federal alternative minimum tax (AMT) for individuals and corporations, and state and local taxes. The Lipper Ranking is based on total returns and does not reflect a sales charge. Lipper Analytical Services, Inc. is an independent organization that compiles performance data on investment companies. Ratings stated are for the share class indicated only; other classes may vary. Investments cannot be made in an index.

Keep in mind that as interest rates rise, bond prices fall. This may have an adverse effect on the Fund's portfolio.

BMO Global Asset Management is the brand name for various affiliated entities of BMO Financial Group that provide investment management, retirement, and trust and custody services. Certain of the products and services offered under the brand name BMO Global Asset Management are designed specifically for various categories of investors in a number of different countries and regions and may not be available to all investors. Products and services are only offered to such investors in those countries and regions in accordance with applicable laws and regulations. BMO Financial Group is a service mark of Bank of Montreal (BMO).

BMO Asset Management U.S. consists of BMO Asset Management Corp.

BMO Asset Management Corp. is the investment adviser to the BMO Funds. BMO Investment Distributors, LLC is the distributor. Member FINRA/SPIC. BMO Funds are not marketed or sold outside the United States.

Investment products are: Not FDIC Insured - No Bank Guarantee - May Lose Value

©2015 BMO Financial Corp.