News Releases

TORONTO, ONTARIO--(Marketwired - Dec. 19, 2016) - BMO Asset Management Inc. ("BMO AM") today announced the December 2016 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 29, 2016, will receive cash distributions payable on January 6, 2017.

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	0.020
BMO Mid Federal Bond Index ETF	ZFM	0.033
BMO Long Federal Bond Index ETF	ZFL	0.043
BMO Short Provincial Bond Index ETF	ZPS	0.036
BMO Mid Provincial Bond Index ETF	ZMP	0.037
BMO Long Provincial Bond Index ETF	ZPL	0.053
BMO Short Corporate Bond Index ETF	ZCS	0.038
BMO Mid Corporate Bond Index ETF	ZCM	0.047
BMO Long Corporate Bond Index ETF	ZLC	0.063
BMO Aggregate Bond Index ETF	ZAG	0.040
BMO Discount Bond Index ETF	ZDB	0.027
BMO Real Return Bond Index ETF	ZRR	0.060
BMO Floating Rate High Yield ETF	ZFH	0.060
BMO High Yield US Corporate Bond Hedged to CAD Index ETF	ZHY	0.077
BMO Emerging Markets Bond Hedged to CAD Index ETF	ZEF	0.075
BMO Mid-Term US IG Corporate Bond Index ETF	ZIC	0.051
BMO Mid-Term US IG Corporate Bond Index ETF (U.S. Dollar Units)	ZIC.U	0.040
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	0.044
BMO Ultra Short-Term Bond ETF	ZST	0.200
BMO S&P/TSX Equal Weight Banks Index ETF	ZEB	0.072
BMO Equal Weight Utilities Index ETF	ZUT	0.070
BMO Equal Weight REITs Index ETF	ZRE	0.088
BMO Monthly Income ETF	ZMI	0.056
BMO Covered Call Canadian Banks ETF	ZWB	0.078
BMO Covered Call Utilities ETF	ZWU	0.078
BMO Covered Call Dow Jones Industrial Average Hedged to CAD ETF	ZWA	0.081
BMO US High Dividend Covered Call ETF	ZWH	0.095
BMO US High Dividend Covered Call ETF (U.S. Dollar Units)	ZWH.U	0.100
BMO Canadian Dividend ETF	ZDV	0.090
BMO Laddered Preferred Share Index ETF	ZPR	0.043
BMO US Dividend Hedged to CAD ETF	ZUD	0.048
BMO US Dividend ETF	ZDY	0.062
BMO US Dividend ETF (U.S. Dollar Units)	ZDY.U	0.050
BMO International Dividend ETF	ZDI	0.080
BMO US Put Write ETF	ZPW	0.115
BMO US Put Write ETF (U.S. Dollar Units)	ZPW.U	0.115
BMO International Dividend Hedged to CAD ETF	ZDH	0.081
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	0.140
BMO S&P 500 Hedged to CAD Index ETF	ZUE	0.140
BMO Dow Jones Industrial Average Hedged to CAD Index ETF	ZDJ	0.150
BMO S&P/TSX Equal Weight Oil & Gas Index ETF	ZEO	0.070
BMO MSCI EAFE Hedged to CAD Index ETF	ZDM	0.150
BMO MSCI EAFE Index ETF	ZEA	0.120
BMO MSCI Europe High Quality Hedged to CAD Index ETF	ZEQ	0.090
BMO Global Infrastructure Index ETF	ZGI	0.220
BMO Equal Weight US Banks Hedged to CAD Index ETF	ZUB	0.100
BMO Equal Weight US Banks Index ETF	ZBK	0.080
BMO Low Volatility Canadian Equity ETF	ZLB	0.170
BMO S&P 500 Index ETF	ZSP	0.220
BMO S&P 500 Index ETF (U.S. Dollar Units)	ZSP.U	0.170
BMO S&P/TSX Equal Weight Industrials Index ETF	ZIN	0.080
BMO Low Volatility US Equity ETF	ZLU	0.145
BMO Low Volatility US Equity ETF (U.S. Dollar Units)	ZLU.U	0.115
BMO Equity Linked Corporate Bond ETF	ZEL	0.190
BMO MSCI USA High Quality Index ETF	ZUQ	0.080
BMO MSCI All Country World High Quality Index ETF	ZGQ	0.070
BMO Low Volatility International Equity ETF	ZLI	0.120
BMO Low Volatility International Equity Hedged to CAD ETF	ZLD	0.110
BMO Low Volatility US Equity Hedged to CAD ETF	ZLH	0.115
BMO ETFs with Annual Distributions:
BMO MSCI Emerging Markets Index ETF	ZEM	0.300
BMO China Equity Index ETF	ZCH	0.140
BMO India Equity Index ETF	ZID	0.090
BMO NASDAQ 100 Equity Hedged to CAD Index ETF	ZQQ	0.310
BMO Equal Weight U.S. Health Care Hedged to CAD Index ETF	ZUH	0.190
BMO S&P/TSX Equal Weight Global Base Metals Hedged to CAD Index ETF	ZMT	0.100
BMO S&P/TSX Equal Weight Global Gold Index ETF	ZGD	0.025
BMO Junior Gold Index ETF	ZJG	0.000
BMO Junior Oil Index ETF	ZJO	0.120
BMO Junior Gas Index ETF	ZJN	0.350
BMO Low Volatility Emerging Markets Equity ETF	ZLE	0.150

*BMO ETFs are administered and managed by BMO Asset Management Inc., which is 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® S&P 500® and S&P/TSX Capped Composite™ are 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 index underlying the ZEB, ZCN, ZEO, ZUE, ZSP, ZSP.U, and ZIN BMO ETFs are products S&P Dow Jones Indices LLC and has been licensed for use by BMO Asset Management Inc. The BMO ETF is not 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 and ZWA. ZDJ and ZWA 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).

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.

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.

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, and currently marking its 200th year of operations, BMO Financial Group is a highly diversified financial services provider based in North America. With total assets of $688 billion as of October 31, 2016, and more than 45,000 employees, BMO provides a broad range of personal and commercial 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.