News Releases

TORONTO, ONTARIO--(Marketwired - Jan. 6, 2017) - BMO Asset Management Inc. (the "Manager") today announced the final net asset values for BMO Equity Linked Corporate Bond ETF (TSX: "ZEL").

On November 4, 2016, the Manager pre-announced the termination of ZEL. Effective close of business January 6, 2017, ZEL was terminated. The units of ZEL were de-listed, at the request of the Manager, from the Toronto Stock Exchange effective close of business on December 31, 2016.

At the time of termination, unitholders of ZEL received the proceeds from the liquidation of the assets, less all liabilities and all expenses. These proceeds were paid to the holders of the remaining outstanding units of ZEL on a pro rata basis at the rates (the "Final NAV") and in the currency shown in the table below without further action by unitholders. In addition, immediately before the time of termination, unitholders of ZEL received a final distribution ("Final Distribution").

The Final NAV and the Final Distribution per unit of ZEL are as follows:

Name of ETF	Ticker	Final NAV per Unit ($CAD)	Final Distribution per Unit ($CAD)
BMO Equity Linked Corporate Bond ETF	ZEL	$20.45113	$0.198737

The Final Distribution on the units of ZEL were automatically reinvested at a price equal to the Final NAV per unit of ZEL and consolidated such that the number of units outstanding following the Final Distribution equalled the number of units outstanding immediately prior to the Final Distribution.

BMO ETFs are managed and administered by BMO Asset Management Inc., an investment fund manager and portfolio manager and separate legal entity from the 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.

Further information about BMO ETFs can be found at www.bmo.com/etfs.

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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.