BMO Asset Management Announces Proposed Changes to Certain BMO ETFs

BMO Asset Management Announces Proposed Changes to Certain BMO ETFs 
TORONTO, ONTARIO -- (Marketwire) -- 01/29/13 -- BMO Asset Management
Inc. (BMO Asset Management) today announced that a special meeting of
unitholders (Special Meeting) has been called to consider and approve
changes to the investment objectives of certain BMO Exchange Traded
Funds (BMO ETFs) such that they will seek to replicate the
performance of new indices as follows: 

BMO ETF                         Ticker      Proposed New Index              
BMO International Equity                    MSCI EAFE 100% Hedged to CAD    
Hedged to CAD Index ETF         ZDM         Dollars Index                   
BMO Emerging Markets Equity                                                 
Index ETF                       ZEM         MSCI Emerging Markets Index     

The Special Meeting will be held in Toronto at 10a.m. ET on March 28,
2013. Details of the proposed changes will be outlined in a joint
management information circular, which will be prepared and delivered
to unitholders of record as of February 22, 2013. Implementation of
the changes will also be subject to acceptance by the Toronto Stock
If the change to the investment objective of each of the BMO ETFs is
approved, BMO Asset Management expects that the transition to the
proposed new investment objectives will be fully implemented on or
about April 1, 2013, and no later than June 30, 2013.  
Provided that the approval of unitholders is obtained, BMO Asset
Management will also update the investment strategies and expects to
change the name of each of the BMO ETFs. It is expected that the
ticker symbols for BMO International Equity Hedged to CAD Index ETF
and BMO Emerging Markets Equity Index ETF will remain the same.  
If the above changes are approved, BMO Asset Management also expects
to lower the maximum annual management fee for BMO International
Equity Hedged to CAD Index ETF to 0.350 per cent and for BMO Eme
Markets Equity Index ETF to 0.450 per cent. 
The BMO ETFs are managed and administered by BMO Asset Management, a
portfolio manager, investment fund manager and a separate legal
entity from Bank of Montreal. Further information about BMO ETFs can
be found at 
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. 
The funds or securities referred to herein are not sponsored,
endorsed, or promoted by MSCI, and MSCI bears no liability with
respect to any such funds or securities or any index on which such
funds or securities are based. The prospectus contains a more
detailed description of the limited relationship MSCI has with BMO
Asset Management and any related funds. 
About BMO Financial Group  
Established in 1817 as Bank of Montreal, BMO Financial Group is a
highly diversified North American financial services organization.
With total assets of $525 billion as at October 31, 2012, and more
than 46,000 employees, BMO Financial Group provides a broad range of
retail banking, wealth management and investment banking products and
Media Contacts:
Amanda Robinson, Toronto
Valerie Doucet, Montreal
Laurie Grant, Vancouver
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