TORONTO, ONTARIO — (Marketwired) — 11/17/14 — BMO Financial Group today announced the estimated 2014 annual reinvested distributions for BMO Exchange Traded Funds (ETFs).1 These annual reinvested distributions generally represent realized capital gains within the ETFs or special dividends received by the ETFs and are paid to unitholders as required to ensure that the BMO ETFs are not liable for ordinary income tax.2
Unitholders of record at close of business on December 30, 2014 will receive the 2014 annual reinvested distributions. The final year end distribution amounts, as well as the ongoing cash distribution amounts, will be announced on or about December 17, 2014. The actual taxable amounts, including the tax characteristics, will be reported in early 2015.
Please note that these are estimated annual reinvested distributions only and have been calculated based upon forward-looking information as of October 15, 2014.3 If the forward-looking information changes, the estimated annual reinvested distributions may also change. These estimates are for the annual reinvested distributions only and do not include estimates of ongoing cash distribution amounts.
Details of the per unit estimated annual reinvested distribution amounts are as follows:
Further information about BMO ETF Products 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.
S&P® and S&P500® are registered trademarks of Standard & Poor–s Financial Services LLC, Dow Jones® is a registered trademark of Dow Jones Trademark Holdings LLC, and TSX is a trademark of TSX Inc. These and other associated trademarks and/or service marks have been licensed for use by BMO Asset Management Inc. The indices underlying the ZEB, ZUE, ZCN, ZEO, ZSP, ZSP.U, ZIN, ZWA, ZDJ, ZMT, ZGD and ZPR BMO ETFs are products of S&P Dow Jones Indices LLC and have been licensed for use by BMO Asset Management Inc. None of the BMO ETFs are sponsored, endorsed, sold or promoted by any of its aforementioned trademark owners and the related index providers or their respective affiliates or their third party licensors and these entities make no representation, warranty or condition regarding the advisability of buying, selling or holding units in the BMO ETFs.
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 Inc. and any related funds.
Nasdaq®, OMX®, NASDAQ OMX®, Nasdaq-100®, and Nasdaq-100 Index®, are registered trademarks of The NASDAQ OMX Group, Inc. (which with its affiliates is referred to as the “Corporations”) and are licensed for use by BMO Asset Management Inc. The BMO Nasdaq 100 Equity Hedged to CAD Index ETF has not been passed on by the Corporations as to its legality or suitability and is not issued, endorsed, sold, or promoted by the Corporations. THE CORPORATIONS MAKE NO WARRANTIES AND BEAR NO LIABILITY WITH RESPECT TO The BMO Nasdaq 100 Equity Hedged to CAD Index ETF.
About BMO Exchange Traded Funds (ETFs)
Established in May 2009, BMO Financial Group–s ETF business is a leading ETF provider in Canada. BMO ETFs provide Canadian investors with broader choices and greater access to an innovative portfolio of investment products.
About BMO Financial Group
Established in 1817 as Bank of Montreal, BMO Financial Group is a highly diversified financial services organization based in North America. The bank offers a broad range of retail banking, wealth management and investment banking products and services to more than 12 million customers. BMO Financial Group had more than $586 billion and approximately 47,000 employees as at July 31, 2014.
1 BMO ETFs are administered and managed by BMO Asset Management Inc., an investment fund manager and portfolio manager and a separate legal entity from Bank of Montreal.
2 Premium income as a result of covered call writing has been distributed monthly as a cash distribution.
3 Forward-looking information: This notice contains forward-looking statements with respect to the estimated annual distributions for the ETFs. By their nature, these forward-looking statements involve risks and uncertainties that could cause the actual distributions to differ materially from those contemplated by the forward-looking statements. Material factors that could cause the actual distributions to differ from the estimated distributions include, but are not limited to: the actual amounts of distributions received by the ETFs; portfolio transactions; and subscription and redemption activity.
Contacts:
Media Contacts:
Jennifer Feeney, Toronto
(416) 867-3996
Valerie Doucet, Montreal
(514) 877-8224