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BMO Global Asset Management Announces Cash Distributions for Certain BMO ETFs and ETF Series of BMO Mutual Funds for May 2023

TORONTO, May 23, 2023 /CNW/ - BMO Asset Management Inc., as manager of the BMO ETFs, and BMO Investments Inc., as manager of the BMO Mutual Funds, today announced the May 2023 cash distributions for unitholders of BMO ETFs and unitholders of ETF Series units of the BMO Mutual Funds (ETF Series), as set out in the table below. Unitholders of record of the BMO ETFs and ETF Series at the close of business on May 31, 2023 will receive cash distributions payable on June 5, 2023. 

Unitholders of record of ETF Series of BMO Money Market Fund (TSX: ZMMK) at the close of business on May 30, 2023 will receive cash distributions payable on June 5, 2023.

The ex-dividend date and record date for ZMMK is May 30, 2023.

Details of the per unit cash distribution amount are as follows:

 FUND NAME

FUND TICKER

CASH
DISTRIBUTION
PER UNIT

BMO Aggregate Bond Index ETF

ZAG

$0.040

BMO Canadian MBS Index ETF

ZMBS

$0.035

BMO Discount Bond Index ETF

ZDB

$0.030

BMO Emerging Markets Bond Hedged to CAD Index ETF

ZEF

$0.045

BMO Equal Weight Banks Index ETF

ZEB

$0.140

BMO Equal Weight REITs Index ETF

ZRE

$0.090

BMO Equal Weight Utilities Index ETF

ZUT

$0.075

BMO ESG High Yield US Corporate Bond Index ETF

ESGH

$0.120

BMO ESG High Yield US Corporate Bond Index ETF (Hedged Units)

ESGH.F

$0.110

BMO High Yield US Corporate Bond Hedged to CAD Index ETF

ZHY

$0.060

BMO High Yield US Corporate Bond Index ETF

ZJK

$0.090

BMO High Yield US Corporate Bond Index ETF (USD Units)*

ZJK.U

$0.085

BMO Laddered Preferred Share Index ETF

ZPR

$0.045

BMO Long Corporate Bond Index ETF

ZLC

$0.065

BMO Long Federal Bond Index ETF

ZFL

$0.040

BMO Long Provincial Bond Index ETF

ZPL

$0.045

BMO Mid Corporate Bond Index ETF

ZCM

$0.050

BMO Mid Federal Bond Index ETF

ZFM

$0.028

BMO Mid Provincial Bond Index ETF

ZMP

$0.034

BMO Mid-Term US IG Corporate Bond Hedged to CAD Index ETF

ZMU

$0.045

BMO Mid-Term US IG Corporate Bond Index ETF

ZIC

$0.055

BMO Mid-Term US IG Corporate Bond Index ETF (USD Units)*

ZIC.U

$0.042

BMO Real Return Bond Index ETF

ZRR

$0.080

BMO Short Corporate Bond Index ETF

ZCS

$0.038

BMO Short Federal Bond Index ETF

ZFS

$0.022

BMO Short Provincial Bond Index ETF

ZPS

$0.030

BMO Short-Term US IG Corporate Bond Hedged to CAD Index ETF

ZSU

$0.035

BMO US Aggregate Bond Index ETF

ZUAG

$0.050

BMO US Aggregate Bond Index ETF (Hedged Units)

ZUAG.F

$0.050

BMO US Aggregate Bond Index ETF (USD Units)*

ZUAG.U

$0.050

BMO US Preferred Share Hedged to CAD Index ETF

ZHP

$0.105

BMO US Preferred Share Index ETF

ZUP

$0.105

BMO US Preferred Share Index ETF (USD Units)*

ZUP.U

$0.105

BMO Balanced ETF (Fixed Percentage Distribution Units)

ZBAL.T

$0.135

BMO Canadian Dividend ETF

ZDV

$0.070

BMO Canadian High Dividend Covered Call ETF

ZWC

$0.110

BMO Covered Call Canadian Banks ETF

ZWB

$0.110

BMO Covered Call Canadian Banks ETF (USD Units)*

ZWB.U

$0.140

BMO Covered Call Dow Jones Industrial Average Hedged to CAD ETF

ZWA

$0.130

BMO Covered Call Energy ETF

ZWEN

$0.210

BMO Covered Call Health Care ETF

ZWHC

$0.160

BMO Covered Call Technology ETF

ZWT

$0.110

BMO Covered Call US Banks ETF

ZWK

$0.170

BMO Covered Call Utilities ETF

ZWU

$0.070

BMO Europe High Dividend Covered Call ETF

ZWP

$0.105

BMO Europe High Dividend Covered Call Hedged to CAD ETF

ZWE

$0.120

BMO Floating Rate High Yield ETF

ZFH

$0.060

BMO Global High Dividend Covered Call ETF

ZWG

$0.175

BMO Growth ETF (Fixed Percentage Distribution Units)

ZGRO.T

$0.150

BMO International Dividend ETF

ZDI

$0.080

BMO International Dividend Hedged to CAD ETF

ZDH

$0.090

BMO Laddered Preferred Share Index ETF (USD Units)*

ZPR.U

$0.075

BMO Monthly Income ETF

ZMI

$0.070

BMO Monthly Income ETF (USD Units)*

ZMI.U

$0.110

BMO Premium Yield ETF

ZPAY

$0.160

BMO Premium Yield ETF (Hedged Units)

ZPAY.F

$0.155

BMO Premium Yield ETF (USD Units)*

ZPAY.U

$0.160

BMO Ultra Short-Term Bond ETF

ZST

$0.190

BMO Ultra Short-Term US Bond ETF (USD Units)*

ZUS.U

$0.190

BMO US Dividend ETF

ZDY

$0.080

BMO US Dividend ETF (USD Units)*

ZDY.U

$0.060

BMO US Dividend Hedged to CAD ETF

ZUD

$0.055

BMO US High Dividend Covered Call ETF

ZWH

$0.100

BMO US High Dividend Covered Call ETF (USD Units)*

ZWH.U

$0.105

BMO US High Dividend Covered Call Hedged to CAD ETF

ZWS

$0.090

BMO US Put Write ETF

ZPW

$0.095

BMO US Put Write ETF (USD Units)*

ZPW.U

$0.095

BMO US Put Write Hedged to CAD ETF

ZPH

$0.100

BMO Money Market Fund (ETF Series)

ZMMK

$0.205

*Cash distribution per unit ($) amounts are USD for ZJK.U, ZIC.U, ZUAG.U, ZUP.U, ZWB.U, ZPR.U, ZMI.U, ZPAY.U, ZUS.U, ZDY.U, ZWH.U, and ZPW.U.

Further information about BMO ETFs and ETF Series of the BMO Mutual Funds can be found at www.bmo.com/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 have been licensed to Dow Jones Opco and sublicensed by BMO Asset Management Inc. in connection with ZWA. ZWA is not sponsored, endorsed, sold or promoted by Dow Jones Opco, Dow Jones and their respective affiliates, and they make no representation regarding the advisability of trading or investing in ZWA.

BMO Global Asset Management is a brand name under which BMO Asset Management Inc. and BMO Investments Inc. operate.

Commissions, management fees and expenses all may be associated with investments in BMO ETFs and ETF Series of the BMO Mutual Funds.  Please read the ETF facts or prospectus of the relevant BMO ETF or ETF Series before investing.  The indicated rates of return are the historical compounded total returns including changes in share or unit value and the reinvestment of all dividends or distributions and do not take into account the sales, redemption, distribution, optional charges or income tax payable by the unitholder that would have reduced returns BMO ETFs and ETF Series are not guaranteed, their values change frequently, and past performance may not be repeated.

For a summary of the risks of an investment in the BMO ETFs or ETF Series of the BMO Mutual Funds, please see the specific risks set out in the prospectus.  BMO ETFs and ETF Series trade like stocks, fluctuate in market value and may trade at a discount to their net asset value, which may increase the risk of loss. Distributions are not guaranteed and are subject to change and/or elimination. 

BMO ETFs are managed by BMO Asset Management Inc., which is an investment fund manager and a portfolio manager, and a separate legal entity from Bank of Montreal. ETF Series of the BMO Mutual Funds are managed by BMO Investments Inc., which is an investment fund manager and a separate legal entity from Bank of Montreal.

®/™Registered trademarks/trademark of Bank of Montreal, used under licence.

About BMO Exchange Traded Funds (ETFs)

BMO Exchange Traded Funds has been an ETF provider in Canada for more than 12 years, with over 100 strategies, over 25 per cent market share in Canada1, and $87.6 billion in assets under management. BMO ETFs are designed to stay ahead of market trends and provide compelling solutions to help advisors and investors. This includes a comprehensive suite of ETFs developed in Canada for Canadians, such as cost effective core equity ETFs following market leading indexes, and a broad range of fixed income ETFs; solution-based ETFs responding to client demand; and innovation with smart beta ETFs, as well as combining active and passive investing with ETF series of active mutual funds.

1Morningstar, December 2022

About BMO Financial Group 

BMO Financial Group is the eighth largest bank in North America by assets, with total assets of $1.15 trillion as of January 31, 2023. Serving customers for 200 years and counting, BMO is a diverse team of highly engaged employees providing a broad range of personal and commercial banking, wealth management, global markets and investment banking products and services to 12 million customers across Canada, the United States, and in select markets globally. Driven by a single purpose, to Boldly Grow the Good in business and life, BMO is committed to driving positive change in the world, and making progress for a thriving economy, sustainable future and more inclusive society.

SOURCE BMO Financial Group

For further information: Media Contacts: Jeff Roman, Toronto, Jeff.Roman@bmo.com, (416) 867-3996