BMO Financial Group
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BMO Financial Group
BMO Bank of Montreal

BMO Bank of Montreal

May 28, 2012 19:55 ET

BMO Investments Inc. Receives Securityholder Approval for Certain Changes to its Mutual Fund Line-Up

TORONTO, ONTARIO--(Marketwire - May 28, 2012) - BMO Investments Inc. has received securityholder and regulatory approval to proceed with the proposed changes to the BMO Mutual Funds and the BMO Guardian Funds line-ups listed below which were announced on March 23, 2012.

The following mergers have been approved and are expected to be effective as of the merger dates listed in the following table:

Terminating Fund Continuing Fund Merger Date
BMO Japanese Fund BMO Guardian Asian Growth and Income Fund June 1, 2012
BMO Guardian Global Bond Fund BMO World Bond Fund June 1, 2012
BMO Guardian Dividend Growth Fund BMO Dividend Fund June 1, 2012
BMO Resource Class* BMO Canadian Equity Class* June 1, 2012
BMO Canadian Large Cap Equity Class* BMO Canadian Equity Class* June 1, 2012
BMO Enterprise Class* BMO Canadian Equity Class* June 1, 2012
BMO U.S. Special Equity Fund BMO Guardian Global Small Cap Fund June 15, 2012
BMO Guardian Global Technology Fund BMO Guardian Global Small Cap Fund June 15, 2012
BMO Guardian Global Equity Fund BMO Global Equity Class* June 15, 2012
BMO Global Absolute Return Class* BMO Global Equity Class* June 15, 2012
BMO Emerging Markets Class* BMO Global Equity Class* June 15, 2012
BMO U.S. Growth Fund BMO U.S. Equity Fund June 22, 2012
BMO T-Bill Fund BMO Money Market Fund June 22, 2012
* A class of shares of BMO Global Tax Advantage Funds Inc.

As set out in the announcement made on March 23, 2012, on the effective date of each merger, securityholders of each class or series of each Terminating Fund will receive securities of the equivalent class or series of the corresponding Continuing Fund, determined on a dollar-for-dollar basis. The Terminating Funds will be wound up as soon as possible following the mergers.

The proposed mergers of each of BMO Global Energy Class into BMO Canadian Equity Class and BMO Global Monthly Income Fund into BMO Diversified Income Portfolio will not proceed as they did not receive securityholder approval.

The special meetings for the merger of each of BMO Global Small Cap Class and BMO Global Technology Class into BMO Global Equity Class have been adjourned due to a lack of quorum. These adjourned meetings will be held on June 4, 2012 as indicated in the Management Information Circular dated May 1, 2012 which was sent to securityholders in advance of the special meetings.

About BMO Investments Inc.

BMO Investments Inc. is a member of BMO Financial Group and part of the organization's Private Client Group. The Private Client Group, BMO's group of wealth management businesses, serves a full range of client segments from mainstream to ultra-high net worth and institutional, with a broad offering of wealth management products and solutions including insurance products. PCG operates in both Canada and the United States, as well as in Asia and Europe and had total assets under management and administration of $445 billion as at April 30, 2012.

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