TORONTO, Dec. 20, 2017 /CNW/ - BMO Investments Inc. today announced its intention to discontinue the standard deferred sales charge (DSC) purchase option for new purchases, including pre-authorized purchases, across the entire BMO Mutual Funds lineup effective May 4, 2018. The low load DSC purchase option will continue to be available to investors.
BMO Investments Inc. has not offered any new mutual funds under the standard DSC purchase option since April 2016.
Investors with existing standard DSC purchase option holdings will remain invested based on the redemption fee schedule applicable to those securities, and switches from existing securities acquired under the standard DSC purchase option will continue to be available.
For more information on BMO Mutual Funds, please visit www.bmo.com/mutualfunds.
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. Please read the fund facts or prospectus of the relevant mutual fund before investing. Mutual funds are not guaranteed, their values change frequently and past performance may not be repeated.
About BMO Financial Group
Serving customers for 200 years and counting, BMO is a highly diversified financial services provider – the 8th largest bank, by assets, in North America. With total assets of $710 billion as of October 31, 2017, 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.
SOURCE BMO Financial Group