News Releases

TORONTO, ONTARIO--(Marketwired - Dec. 17, 2015) - BMO Asset Management Inc. ("BMO AM") today announced the December 2015 cash distributions for certain BMO Exchange Traded Funds (ETFs)* that distribute monthly, quarterly, or annually. Unitholders of record of the BMO ETFs at the close of business on December 30, 2015 will receive cash distributions payable on January 7, 2016.

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	0.025
BMO Mid Federal Bond Index ETF	ZFM	0.032
BMO Long Federal Bond Index ETF	ZFL	0.055
BMO Short Provincial Bond Index ETF	ZPS	0.036
BMO Mid Provincial Bond Index ETF	ZMP	0.040
BMO Long Provincial Bond Index ETF	ZPL	0.055
BMO Short Corporate Bond Index ETF	ZCS	0.043
BMO Mid Corporate Bond Index ETF	ZCM	0.045
BMO Long Corporate Bond Index ETF	ZLC	0.075
BMO Aggregate Bond Index ETF	ZAG	0.050
BMO Discount Bond Index ETF	ZDB	0.025
BMO Real Return Bond Index ETF	ZRR	0.040
BMO Floating Rate High Yield ETF	ZFH	0.060
BMO High Yield US Corporate Bond Hedged to CAD Index ETF	ZHY	0.110
BMO Emerging Markets Bond Hedged to CAD Index ETF	ZEF	0.060
BMO Mid-Term US IG Corporate Bond Index ETF	ZIC	0.055
BMO Mid-Term US IG Corporate Bond Index ETF (U.S. Dollar Units)	ZIC.U	0.047
BMO Short-Term US IG Corporate Bond Hedged to CAD Index ETF	ZSU	0.050
BMO Mid-Term US IG Corporate Bond Hedged to CAD Index ETF	ZMU	0.043
BMO Ultra Short-Term Bond ETF	ZST	0.180
BMO S&P/TSX Equal Weight Banks Index ETF	ZEB	0.067
BMO Equal Weight Utilities Index ETF	ZUT	0.060
BMO Equal Weight REITs Index ETF	ZRE	0.088
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	0.072
BMO US High Dividend Covered Call ETF	ZWH	0.092
BMO US High Dividend Covered Call ETF (U.S. Dollar Units)	ZWH.U	0.095
BMO Canadian Dividend ETF	ZDV	0.060
BMO Laddered Preferred Share Index ETF	ZPR	0.050
BMO US Dividend Hedged to CAD ETF	ZUD	0.050
BMO US Dividend ETF	ZDY	0.057
BMO US Dividend ETF (U.S. Dollar Units)	ZDY.U	0.045
BMO International Dividend ETF	ZDI	0.082
BMO US Put Write ETF	ZPW	0.120
BMO US Put Write ETF (US Dollar Units)	ZPW.U	0.120
BMO International Dividend Hedged to CAD ETF	ZDH	0.082
BMO Europe High Dividend Covered Call Hedged to CAD ETF	ZWE	0.120
BMO ETFs with Quarterly Distributions:
BMO S&P/TSX Capped Composite Index ETF	ZCN	0.165
BMO S&P 500 Hedged to CAD Index ETF	ZUE	0.150
BMO Dow Jones Industrial Average Hedged to CAD Index ETF	ZDJ	0.150
BMO S&P/TSX Equal Weight Oil & Gas Index ETF	ZEO	0.090
BMO MSCI EAFE Hedged to CAD Index ETF	ZDM	0.113
BMO MSCI EAFE Index ETF	ZEA	0.120
BMO MSCI Europe High Quality Hedged to CAD ETF	ZEQ	0.090
BMO Global Infrastructure Index ETF	ZGI	0.240
BMO Equal Weight U.S. Banks Hedged to CAD Index ETF	ZUB	0.085
BMO Equal Weight U.S. Banks Index ETF	ZBK	0.070
BMO Low Volatility Canadian Equity ETF	ZLB	0.160
BMO S&P 500 Index ETF	ZSP	0.125
BMO S&P 500 Index ETF (U.S. Dollar Units)	ZSP.U	0.100
BMO S&P/TSX Equal Weight Industrials Index ETF	ZIN	0.100
BMO Low Volatility US Equity ETF	ZLU	0.135
BMO Low Volatility US Equity ETF (U.S. Dollar Units)	ZLU.U	0.105
BMO Equity Linked Corporate Bond ETF	ZEL	0.045
BMO MSCI USA High Quality Index ETF	ZUQ	0.060
BMO MSCI All Country World High Quality Index ETF	ZGQ	0.070
BMO Low Volatility International Equity ETF	ZLI	0.100
BMO ETFs with Annual Distributions:
BMO MSCI Emerging Markets Index ETF	ZEM	0.380
BMO China Equity Index ETF	ZCH	0.170
BMO India Equity Index ETF	ZID	0.120
BMO NASDAQ 100 Equity Hedged to CAD Index ETF	ZQQ	0.285
BMO Equal Weight U.S. Health Care Hedged to CAD Index ETF	ZUH	0.200
BMO S&P/TSX Equal Weight Global Base Metals Hedged to CAD Index ETF	ZMT	0.065
BMO S&P/TSX Equal Weight Global Gold Index ETF	ZGD	0.030
BMO Junior Gold Index ETF	ZJG	0.000
BMO Junior Oil Index ETF	ZJO	0.365
BMO Junior Gas Index ETF	ZJN	0.265

*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, ZCN, ZEO, ZUE, ZSP, ZSP.U, ZIN, ZMT and ZGD 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.

The Dow Jones Industrial Average Index CAD Hedged is a product of Dow Jones Opco, LLC ("Dow Jones Opco"), a subsidiary of S&P Dow Jones Indices LLC and has been licensed for use. "Dow Jones® "and Industrial Average Index CAD Hedged are service marks of Dow Jones Trademark Holdings, LLC ("Dow Jones"), and has been licensed to Dow Jones Opco and sublicensed by BMO Asset Management Inc. in connection with ZDJ. ZDJ is not sponsored, endorsed, sold, or promoted by Dow Jones Opco, Dow Jones, and their respective affiliates, make no representation regarding the advisability of trading or investing in such a product(s).

BNY Mellon, BNY Mellon ADR Index and BNY Mellon DR Index are service marks of The Bank of New York Mellon. These and other associated trademarks and /or services marks have been licensed for use by BMO Asset Management Inc. for use with certain BMO Asset Management Exchanged Traded Funds ("BMO ETFs"). BNY Mellon provides no advice nor recommendations regarding products based on any index licensed by BNY Mellon, including the BMO ETFs and none of the BMO ETFs are sponsored, endorsed, sold or promoted by BNY Mellon, or its respective affiliates, or third partly licensors, and BNY Mellon makes no representations, warrant, or condition regarding the advisability of buying, selling or holding units in the BMO ETFs

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.

The funds or securities referred to herein are not sponsored, endorsed or promoted by MSCI, and MSCI bears no liability with respect to any such funds or securities or any index on which such funds or securities are based. The prospectus contains a more detailed description of the limited relationship MSCI has with BMO Asset Management Inc. and any related funds.

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, BMO Financial Group is a highly diversified financial services provider based in North America. With total assets of approximately $642 billion as of October 31, 2015, and close to 47,000 employees, BMO provides a broad range of retail banking, wealth management and investment banking products and services to more than 12 million customers and conducts business through three operating groups: Personal and Commercial Banking, Wealth Management and BMO Capital Markets.