News Releases

TORONTO, ONTARIO--(Marketwired - April 28, 2016) - BMO Investments Inc. (BMOII) today announced new mutual funds, cash flow and discount series launches, changes to distribution policies, and series terminations.

New Mutual Fund Launches

BMO Women in Leadership Fund: The first impact investing fund by a Canadian bank, the fund invests in North American companies that have a female CEO or a board of directors with at least 25 per cent female representation.

BMO Fossil Fuel Free Fund: The fund invests in a global portfolio that excludes companies primarily involved in the development and infrastructure of fossil fuels.

BMO Tactical Global Asset Allocation ETF Fund: The fund invests in a global diversified portfolio of equity and fixed income securities and ETFs.

BMO Tactical Global Growth ETF Fund: The fund invests in a diversified portfolio of global equity ETFs that emphasizes a growth orientation.

BMO Covered Call Canadian Banks ETF Fund, BMO Covered Call U.S. High Dividend ETF Fund, BMO Covered Call Europe High Dividend ETF Fund: The funds provide exposure to dividend yielding companies in Canada, U.S. and Europe, respectively, with covered call overlays to mitigate downside risk.

New Cash Flow Options and Discount Series Offerings

BMOII is expanding its cash flow series with new Series F4, Series F6 and Series T4 being added to the three popular BMO Retirement Portfolios and additional Series F6 being added to five of the BMO SelectTrust™ Portfolios.

BMOII's existing Discount Series will be expanded with new Series D being added to all of the BMO SelectTrust™ and BMO Retirement Portfolios.

Distribution Policy Changes

Effective immediately, the distribution policy of BMO World Bond Fund (Series A, F, I, and Advisor Series), BMO Global Infrastructure Fund (Series A, F, D, I and Advisor Series), and BMO Global Growth & Income Fund (Series F and Advisor Series) has changed to a fixed monthly distribution.

Series Terminations

H Series (collectively, the "H Series") of each of the following funds will be terminated effective July 22, 2016 (the "Termination Date"):

• BMO Asian Growth & Income Class
• BMO Canadian Equity Class
• BMO Dividend Class
• BMO Global Dividend Class
• BMO Short-Term Income Class
• BMO SelectClass® Income Portfolio
• BMO SelectClass® Balanced Portfolio
• BMO SelectClass® Growth Portfolio
• BMO SelectClass® Equity Growth Portfolio

In light of the changes described above, investors holding H Series securities have several options. Investors may continue to hold H Series until the Termination Date. If they do so, those securities will be redeemed entirely on the Termination Date and, if they hold their investments in a non-registered account, they will be paid the proceeds. Investments held in a registered account will be transferred automatically into the BMO Money Market Fund.

Investors may also switch their H Series securities - if they are qualified - for securities of another BMO Mutual Fund, or redeem their securities entirely and receive the redemption proceeds in the normal course.

BMOII encourages investors holding H Series securities to contact their investment advisor to determine the option that meets their individual investment needs and circumstances.

For more information on BMO Mutual Funds, please visit www.bmo.com/gam/ca.

Get the latest BMO press releases via Twitter by following @BMOmedia.

BMO Mutual Funds are offered by BMO Investments Inc., a financial services firm and separate legal entity from Bank of Montreal.

Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments and the use of an asset allocation service. Please read the fund facts or prospectus of the mutual fund before investing. Mutual funds are not guaranteed, their values change frequently and past performance may not be repeated.

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 $699 billion as of January 31, 2016, 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.