BMO Financial Group
TSX : BMO
NYSE : BMO

BMO Financial Group

August 07, 2015 18:00 ET

BMO Asset Management Announces Final Valuations and Declares Final Distributions on Units of Certain ETFs

TORONTO, ONTARIO--(Marketwired - Aug. 7, 2015) - BMO Asset Management Inc. (the "Manager"), today announced the final net asset values for each of BMO 2015 Corporate Bond Target Maturity ETF (TSX:ZXB), BMO 2020 Corporate Bond Target Maturity ETF (TSX:ZXC), and BMO 2025 Corporate Bond Target Maturity ETF (TSX:ZXD).

On May 29, 2015, the Manager pre-announced the termination of ZXB, ZXC and ZXD (collectively, the "ETFs"). Effective close of business August 7, 2015, each of the ETFs was terminated. The units of each of the ETFs were de-listed, at the request of the Manager, from the Toronto Stock Exchange effective close of business on July 31, 2015.

At the time of termination, each ETF's property remaining after paying or providing for the relevant ETF's liabilities and obligations will be distributed on a pro rata basis among the ETF's unitholders based on the final net asset value ("Final NAV") per unit of the ETF that is held by such unitholders. In addition, immediately before the time of termination, unitholders of each of the ETFs will receive a final distribution ("Final Distribution").

The Final NAV per unit of each of the ETFs and the Final Distribution of each of the ETFs will be as follows:

Name of ETF Ticker Final NAV
per Unit
($)
Final Distribution
per Unit
($)
BMO 2015 Corporate Bond Target Maturity ETF ZXB 14.59 0.028264
BMO 2020 Corporate Bond Target Maturity ETF ZXC 16.33 0.541697
BMO 2025 Corporate Bond Target Maturity ETF ZXD 16.73 0.973120

The Final Distribution on the units of each of the ETFs will be automatically reinvested at a price equal to the Final NAV per unit of the applicable ETF and consolidated such that the number of units outstanding following the Final Distribution will equal 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.

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

About BMO ETFs

BMO GAM's ETF business, launched in June 2009, offers ETFs with numerous benefits to investors, including transparency, lower costs and tax efficiencies, while covering a number of diverse asset classes, sectors and regions.

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 approximately $633 billion as of April 30, 2015, and more than 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.

Contact Information