BMO Investments Inc. Expands Choice in Mutual Fund Lineup to Address Needs of
Certain U.S. dollar funds now available for purchase in Canadian
dollars; Series T6 tax-efficiency option added to recently launched
SelectTrust(TM) Portfolios and trust versions of ETF Portfolios
TORONTO, ONTARIO -- (Marketwired) -- 09/03/13 -- To serve the needs
of investors better, BMO Investments Inc. (BMOII) today announced
additions to the BMO Mutual Funds lineup.
Effective September 18, 2013, investors of BMO U.S. Dollar Dividend
Fund (Advisor Series, Series F and Series I), BMO U.S. Dollar
Balanced Fund (Advisor Series, Series F and Series I) and BMO U.S.
Dollar Monthly Income Fund (Advisor Series and Series F) will have
the option to purchase units of these funds in Canadian dollars in
addition to the currently offered U.S. dollar purchase option. This
additional purchase option provides investors with more opportunities
to access the U.S. portfolios.
Effective November 4, 2013, each of the BMO ETF Portfolio trusts and
BMO SelectTrust(TM) Portfolios will offer Series T6 securities. The
new Series T6 option for these funds are designed to provide tax
efficiencies through the deferral of taxes and also offer a
predictable cash flow stream with the distribution rate set at the
beginning of each year. These series will make monthly distributions
based on six per cent annually of the net asset value per security of
the series; this amount would include return of capital. Series T6
also widens the range of cash-flow investments available through BMO
In addition, the risk rating for BMO Floating Rate Income Fund will
change from "medium" to "low-to-medium", effective immediately. The
risk rating is being changed to align better with the fund's risk
level given the recent changes to the fund's investment objectives
and the investment style of the portfolio manager, Monegy, Inc.
For more information on BMO Mutual Funds, please visit
About BMO Investments Inc.
BMO Investments Inc. is a member of BMO Financial Group and part of
the organization's Private Client Group (PCG). PCG, BMO's group of
wealth management businesses, serves a full range of client segments
from mainstream to ultra-high net worth individuals and institutions,
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 $526 billion as at July 31,
Commissions, trailing commissions, management fees and expenses all
may be associated with mutual fund investments. Please read the
prospectus of the mutual fund before investing. Mutual funds are not
guaranteed, their values change frequently and past performance may
not be repeated.
BMO Mutual Funds, which include classes of shares of BMO Global Tax
Advantage Funds Inc., are offered by BMO Investments Inc., a
financial services firm and separate legal entity from Bank of
Amanda Robinson, Toronto
Valerie Doucet, Montreal
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