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BMO Nesbitt Burns

BMO Nesbitt Burns

September 19, 2013 16:05 ET

BMO Nesbitt Burns Announces Changes to Mutual Fund Lineup

TORONTO, ONTARIO--(Marketwired - Sept. 19, 2013) - BMO Nesbitt Burns Inc. (the "Manager"), the manager of BMO Nesbitt Burns Canadian Stock Selection Fund, BMO Nesbitt Burns U.S. Stock Selection Fund, BMO Nesbitt Burns Bond Fund, BMO Nesbitt Burns Balanced Fund, BMO Nesbitt Burns International Equity Fund, BMO Nesbitt Burns Balanced Portfolio Fund, BMO Nesbitt Burns Growth Portfolio Fund and BMO Nesbitt Burns Maximum Growth Portfolio Fund (collectively, the "Funds"), today announced planned mergers of the Funds into BMO Mutual Funds. The primary objective of these changes is to capitalize on BMO Financial Group's strong mutual fund platform, provide clarity with respect to mutual fund products across BMO and enhance economies of scale.

Each of the "Terminating BMO Nesbitt Burns Funds" (collectively, the "Terminating Funds") listed in the table below will be merged into the corresponding "Continuing BMO Mutual Fund" (collectively, the "Continuing Funds") set opposite such Terminating Fund's name listed below. The mergers are to be effective on or about December 13, 2013.

Terminating BMO Nesbitt Burns Fund Continuing BMO Mutual Fund
BMO Nesbitt Burns Canadian Stock Selection Fund BMO Canadian Stock Selection Fund
BMO Nesbitt Burns U.S. Stock Selection Fund BMO U.S. Equity Fund
BMO Nesbitt Burns Bond Fund BMO Bond Fund
BMO Nesbitt Burns Balanced Fund BMO Asset Allocation Fund
BMO Nesbitt Burns International Equity Fund BMO International Value Fund
BMO Nesbitt Burns Balanced Portfolio Fund BMO FundSelect Balanced Portfolio
BMO Nesbitt Burns Growth Portfolio Fund BMO FundSelect Growth Portfolio
BMO Nesbitt Burns Maximum Growth Portfolio Fund BMO FundSelect Equity Growth Portfolio

The Independent Review Committee of the Funds approved each of the mergers after considering such mergers and determining that the mergers, if implemented, would achieve a fair and reasonable result for the Funds.

As the mergers satisfy certain regulatory criteria, they are not subject to securityholder or regulatory approvals. However, securityholders of each of these Terminating Funds will receive written notice of the mergers at least 60 days prior to the effective date of each merger.

It is anticipated that BMO Canadian Stock Selection Fund and BMO International Value Fund will be launched by BMO Investments Inc. in November 2013. The merger of BMO Nesbitt Burns Canadian Stock Selection Fund and BMO International Equity Fund will be conditional upon such funds being launched.

Securityholders of each series of each of the Terminating Funds will receive securities of the equivalent series of the relevant Continuing Fund, determined on a dollar-for-dollar basis. Securities of the Terminating Funds will no longer be offered for sale beginning December 6, 2013. The Terminating Funds will be wound up as soon as possible following the mergers.

BMO Nesbitt Burns Inc. encourages securityholders to contact their financial advisor to determine the solution that best meets their individual investment needs and circumstances. The Manager will be amending the simplified prospectus and annual information form of the Funds to reflect these changes.

For more information on BMO Nesbitt Burns Group of Funds, please visit http://www.bmo.com/nesbittburns/solutions-services/nb/options/mutual-funds.

About BMO Nesbitt Burns Group of Funds

BMO Nesbitt Burns Group of Funds is a diversified family of funds which includes domestic and global investment options covering various asset classes and regions. The Funds are currently offered by BMO Nesbitt Burns Inc., one of North America's leading full-service investment firms and a member of BMO Financial Group.

About BMO Nesbitt Burns

Backed by the experience, stability and resources of BMO Financial Group, BMO Nesbitt Burns is a full-service investment firm with an extensive network of approximately 1,400 Investment Advisors at 76 branches across Canada. The origins of BMO Nesbitt Burns' predecessor firms date back to 1912. In 1987, BMO Bank of Montreal acquired Nesbitt Thomson, then one of Canada's oldest and most respected investment houses. In 1994, BMO Bank of Montreal also acquired Burns Fry, one of the largest dealers of Canadian equities and debt securities. Nesbitt Thomson and Burns Fry then merged to become BMO Nesbitt Burns.

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