• BMO Investments Inc. Announces Changes to BMO LifeStage Plus 2020 Fund
  TORONTO, November 24, 2008
  
  
• BMO Investments Announces Changes to the BMO LifeStage Plus Family of Funds
  TORONTO, October 10, 2008
  
  
• BMO Investments Inc. Launches BMO U.S. High Yield Bond Fund
  TORONTO, June 23, 2008
  
  
• BMO Investments Inc. Retains Existing Investment Objectives of BMO Short-Term Income Class
  TORONTO, May 9, 2008
  
  
• BMO Investments Inc. Receives Shareholder Approval to Proceed with Mutual Fund Merger
  TORONTO, May 5, 2008
  
  
• GGOF and BMO Mutual Funds Win Lipper Awards
  TORONTO, April 3, 2008
  
  
• BMO Investments Inc. Announces Proposed Mutual Fund Merger
  TORONTO, March 26, 2008
  
  
• Commentary on current market events
  TORONTO, January 22, 2008
  
  
• BMO Investments Inc. to Offer Series I Securities for Certain BMO Mutual Funds
  TORONTO, January 21, 2008
  
  
• BMO Mutual Funds crowned as winner in DALBAR’s 2007 Service Awards
  TORONTO, January 16, 2008
  
  
• BMO Investments Inc. to Offer Multi-Series Structure for Certain BMO Mutual Funds to Provide Investors with More Purchase Options
  TORONTO, November 13, 2007
  
  
• BMO Global Tax Advantage Fund Inc. Eligible Dividend Designation
  Provided by BMO Financial Group,
  TORONTO, September 27, 2007
  
  
• BMO Mutual Funds to Improve Cost Certainty and Fee Transparency for Investors
  TORONTO, September 14, 2007
  
  
• BMO Investments Inc. Proposes Changes to the Declarations of Trust for a Number of BMO Mutual Funds
  TORONTO, September 13, 2007
  
  
• BMO Financial Group Announces Implementation of Independent Review Committee
  TORONTO, September 13, 2007
  
  
• BMO Confirms its Canadian Money Market Funds Have No Exposure to Non-Bank-Sponsored Asset-backed Commercial Paper
  TORONTO, August 20, 2007
  
  
• BMO Investments Inc. today launched BMO LifeStage Plus Funds
  TORONTO, June 18, 2007
  
• BMO Global Tax Advantage Funds Inc. - 2006 Eligible Dividend Designation
  
  
• BMO Investments Inc. Receives Shareholder Approval to Proceed with Changes to its Mutual Fund Line-Up
  TORONTO, April 27, 2007

BMO Investments Inc. Announces Changes to BMO LifeStage Plus 2020 Fund

TORONTO, November 24, 2008 - BMO Investments Inc. Announces Changes to BMO LifeStage Plus 2020 Fund

In order to deliver this principal protection given recent market events, BMO LifeStage Plus 2020 Fund, including the BMO Guardian LifeStage Plus 2020 Fund Advisor Series, changed its portfolio allocation to a “protected” asset mix. The management fee for this Fund has also been reduced to 1.05%, plus expenses. The portfolio will now consist entirely of fixed income investments (including provincial and corporate bonds) and cash equivalents until its target end date.

In keeping with the Fund’s investment strategies, this reallocation to a fixed income portfolio is intended to ensure this Fund has sufficient assets at maturity to pay investors the Guaranteed Maturity Amount±. Unitholders are currently entitled to receive $10.1859 at maturity. Given the shift to a protected portfolio, BMO LifeStage Plus 2020 Fund will be closed to all new purchases.

About BMO Investments Inc.
BMO Investments Inc. is a member of the BMO Financial Group and part of the organization’s Private Client Group. The Private Client Group provides integrated wealth management services in Canada and the United States and had total assets under management and administration and term investments of $286 billion as at July 31, 2008.

Media Contacts:
Deborah Rowe, Toronto, deborah.rowe@bmo.com, (416) 867-4897
Lucie Gosselin, Montréal, lucie.gosselin@bmo.com, (514) 877-1101
Laurie Grant, Vancouver, laurie.grant@bmo.com, (604) 665-7596

± In order to receive the highest daily locked-in value (the “Guaranteed Maturity Amount”), investors must remain invested in the Fund until the Fund’s target end date. If an investor redeems any of his or her units of the Fund prior to the target end date, the investor will receive the price per unit based on the fund’s net asset value next determined after BMO Investments Inc. receives the redemption request, which may be less than the Guaranteed Maturity Amount. Please read the Fund’s prospectus before investing and for important information regarding the Guaranteed Maturity Amount.

Back to top of page

BMO Investments Announces Changes to the BMO LifeStage Plus Family of Funds

TORONTO, October 10, 2008 - BMO Investments Inc. has filed a preliminary prospectus for the new BMO LifeStage Plus 2017 Fund and intends to launch the fund in mid-November 2008*. This addition to the LifeStage Plus family of lifecycle funds is in response to strong demand for target end date products with a Guaranteed Maturity Amount±. BMO LifeStage Plus Funds provide investors with downside protection during volatile market conditions by locking in the highest daily unit price that the fund achieves prior to its target end date. With a wide range of options, investors will be able to match their investment needs and time horizons with an appropriate target end date (2017, 2020, 2025 or 2030) whether their goals include saving for a child’s education or their own retirement.

In response to significant declines in the global markets, BMO LifeStage Plus 2015 Fund changed its portfolio allocation from a “conservative” to a “protected” asset mix on October 6, 2008, with a reduced management fee of up to 1.05%, plus expenses. The portfolio will now consist entirely of fixed income investments (including provincial and corporate bonds) and cash equivalents until its target end date. In keeping with the fund’s investment strategies, this reallocation to a fixed income portfolio is intended to ensure that the fund has sufficient assets at maturity to pay investors the Guaranteed Maturity Amount. Unitholders are currently entitled to receive $10.1716 at maturity. Given the shift to a protected portfolio, BMO LifeStage Plus 2015 Fund will be closed to all new purchases effective October 10, 2008.

About BMO Investments Inc.
BMO Investments Inc. is a member of the BMO Financial Group and part of the organization’s Private Client Group. The Private Client Group provides integrated wealth management services in Canada and the United States and had total assets under management and administration and term investments of $286 billion as at April 30, 2008.

Media Contacts:
Deborah Rowe, Toronto, deborah.rowe@bmo.com, (416) 867-4897
Lucie Gosselin, Montréal, lucie.gosselin@bmo.com, (514) 877-1101
Laurie Grant, Vancouver, laurie.grant@bmo.com, (604) 665-7596

* Preliminary prospectuses containing important information relating to these securities have been filed with securities commissions or similar authorities in certain jurisdictions of Canada. The preliminary prospectuses are still subject to completion or amendment. Copies of the preliminary prospectuses may be obtained by calling BMO Investments Inc. at 1 800 665 7700 or on the internet at www.sedar.com. There will not be any sale or any acceptance of an offer to buy the securities until receipts for the final prospectuses have been issued.

± In order to receive the highest daily locked-in value (the “Guaranteed Maturity Amount”), investors must remain invested in the fund until the fund’s target end date. If an investor redeems any of his or her units of the fund prior to the target end date, the investor will receive the price per unit based on the fund’s net asset value next determined after BMO Investments Inc. receives the redemption request, which may be less than the Guaranteed Maturity Amount. Please read the Fund’s prospectus before investing and for important information regarding the Guaranteed Maturity Amount.

Commissions, trailing commissions, management fees and expenses may be associated with mutual fund investments. Please read the prospectus before investing. Mutual funds are not guaranteed, their values change frequently and past performance may not be repeated.

Back to top of page

BMO Investments Inc. Launches BMO U.S. High Yield Bond Fund

TORONTO, June 23, 2008 - BMO Investments Inc., today launched the BMO U.S. High Yield Bond Fund. The new fund will provide investors with an opportunity to further diversify their portfolios with exposure to the U.S. high yield bond market.

The BMO U.S. High Yield Bond Fund will:

• Provide a high level of total return through a combination of income and capital appreciation by investing primarily in fixed income securities issued by United States corporations;
• Invest primarily in securities with a credit rating below BBB;
• Seek the best potential investments for the portfolio by analyzing the credit ratings of various issuers and using bottom up quantitative and fundamental analysis.

“Investing in U.S. high yield bonds provides investors with enhanced return potential and improved diversification given the bonds’ historically lower correlation to other sectors of the fixed income market” said Linda Knight, President and Chief Operating Officer, BMO Investments Inc.

The new fund will be managed by HIM Monegy, Inc. HIM Monegy is part of Chicago-based Harris Investment Management, Inc., and operates within the BMO Financial Group. It is a wholly-owned, indirect subsidiary of Bank of Montreal, the parent company of BMO Investments Inc. HIM Monegy's experienced group of professionals is dedicated to managing high yield bonds, loans and credit default swaps. As of December 31, 2007, assets under management for HIM Monegy were approximately $1.4 billion (Cdn.). The fund is available in both Series A units for retail investors and Series I units for institutional investors.

About BMO Investments Inc. BMO Investments Inc. is a member of the BMO Financial Group and part of the organization’s Private Client Group. The Private Client Group provides integrated wealth management services in Canada and the United States and had total assets under management and administration and term investments of $286 billion as at April 30, 2008.

Media Contacts:
Deborah Rowe, Toronto, deborah.rowe@bmo.com, (416) 867-3996
Lucie Gosselin, Montréal, lucie.gosselin@bmo.com, (514) 877-1101
Laurie Grant, Vancouver, laurie.grant@bmo.com, (604) 665-7596

Back to top of page

BMO Investments Inc. Retains Existing Investment Objectives of BMO Short-Term Income Class

TORONTO, May 9, 2008 - Investments Inc., the manager of BMO Short-Term Income Class, announced today that it will not proceed with changes to the investment objectives of the fund. Shareholders of BMO Short-Term Income Class previously approved changes to the investment objectives of the fund on April 26, 2007, although shareholders also gave the manager the right not to proceed with the proposed changes in its sole and absolute discretion. The proposed changes, including a name change from ‘BMO Short-Term Income Class’ to ‘BMO Capital Yield Class’, will not be implemented as BMO Investments Inc. is not in a position to proceed with the changes in a manner that is cost-effective and compliant with applicable regulatory requirements, and in the best interests of shareholders of BMO Short-Term Income Class.

The investment objectives of BMO Short-Term Income Class are to provide the opportunity to invest in a fixed-income fund for the short term, as an alternative or in addition to the equity funds included in the BMO Global Tax Advantage Funds and to provide current income while preserving capital and maintaining liquidity. As part of its current investment objectives, this fund invests primarily in high quality securities like Canadian treasury bills, other Canadian short-term fixed-income securities and highly rated commercial paper with terms to maturity of less than three years. BMO Short-Term Income Class is a class of shares of BMO Global Tax Advantage Funds Inc.

About BMO Investments Inc.
BMO Investments Inc. is a member of the BMO Financial Group and part of the organization’s Private Client Group. The Private Client Group provides integrated wealth management services in Canada and the United States and had total assets under management and administration and term investments of $283 billion as at January 31, 2008.

Contacts:
Paul Gammal, Toronto, paul.gammal@bmo.com, (416) 867-3996
Lucie Gosselin, Montréal, lucie.gosselin@bmo.com, (514) 877-1101
Laurie Grant, Vancouver, laurie.grant@bmo.com, (604) 665-7596

Back to top of page

BMO Investments Inc. Receives Shareholder Approval to Proceed with Mutual Fund Merger

TORONTO, May 5, 2008 - BMO Investments Inc. today announced that, at shareholders meetings held earlier today, it received approval to proceed with the merger of the BMO U.S. Equity Class Fund into the BMO Global Dividend Class Fund.

“As a result of this merger, shareholders of BMO U.S. Equity Class will now have the potential to achieve greater geographic and portfolio diversification by investing in dividend-paying equity securities of global issuers,” said Linda Knight, President and COO, BMO Investments Inc. “Investors are increasingly looking outside of North America for opportunities to participate in the stability and growth potential of large-cap blue chip firms,” said Knight. The investment objective of BMO Global Dividend Class is to achieve a high level of total return, including dividend income and capital gains, by investing in dividend-yielding common and preferred shares from around the world.

The merger will be effective on or about May 9, 2008.

About BMO Investments Inc.
BMO Investments Inc. is a member of the BMO Financial Group and part of the organization’s Private Client Group. The Private Client Group provides integrated wealth management services in Canada and the United States and had total assets under management and administration and term investments of $283 billion as at January 31, 2008.

Contacts:
Paul Gammal, Toronto, paul.gammal@bmo.com, (416) 867-3996
Lucie Gosselin, Montréal, lucie.gosselin@bmo.com, (514) 877-1101
Laurie Grant, Vancouver, laurie.grant@bmo.com, (604) 665-7596

Back to top of page

GGOF and BMO Mutual Funds Win Lipper Awards

TORONTO, April 3, 2008 – At a ceremony in Toronto Wednesday evening, BMO Resource Fund was presented with the 2008 Lipper Award for best fund over three years in the Natural Resource Equity category. BMO Dividend Fund and GGOF Global Technology Fund also received top honours with Lipper Awards in the Canadian Dividend & Income Equity category (ten years) and Science & Technology Equity categories (five years), respectively.

The Lipper Fund Awards program highlights funds that have excelled in delivering consistently strong risk-adjusted performance relative to peers. Awards are presented to funds in 21 countries in Asia, Europe, and the Americas.

"BMO is honoured to receive these prestigious awards," said Scott Steele, Chief Investment Officer of BMO Mutual Funds. "Our focus has always been to provide our clients with investment products that will help them achieve their long-term investment goals while providing prudent risk management, and these awards are a testament to that focus."

The BMO Resource Fund provides investors with long-term growth through investments in the natural resource industry, primarily through the securities of Canadian exchange-listed companies that operate in the precious metals, base metals, oil and gas, or forest products industries.

The BMO Dividend Fund's objective is to achieve a high level of after-tax return, including dividend income and capital gains, from growth in the value of your investment by investing primarily in dividend-yielding common shares of established Canadian companies.

The GGOF Global Technology Fund provides investors with long-term capital gain by investing in leading technology companies around the world. It provides diversified exposure to the technology sector, investing in 50 to 60 companies that hold dominant positions within their industry.

"We select investment managers from around the globe that excel in their respective areas, with the goal of bringing top investment talent to Canadian investors," said Gavin Graham, Chief Investment Officer of GGOF. "This is particularly true in a specialized area such as technology and on a global scale, and we are proud to receive the recognition of the Lipper Award as a validation of our efforts."

BMO Mutual Funds are offered by BMO Investments Inc. which is a member of the BMO Financial Group and part of the organization's Private Client Group. The Private Client Group provides integrated wealth management services in Canada and the United States and had total assets under management and administration and term investments of $283 billion as at January 31, 2008.

GGOF is a member of BMO and part of the Private Client Group. GGOF provides investors with a full product line of 35 mutual funds, diversified by asset class, geographic region and capitalization. GGOF, with $5.52 billion of mutual fund assets under management at February 29, 2008, offers its funds exclusively through financial intermediaries.

For more information, contact:
Scott Steele, BMO Mutual Funds, 416-643-4299
Gavin Graham, GGOF, 416-350-3151
Paul Gammal, BMO Financial Group, (416) 867-3996

Back to top of page

BMO Investments Inc. Announces Proposed Mutual Fund Merger

TORONTO, March 26, 2008 – BMO Investments Inc. today announced a proposed mutual fund merger of BMO U.S. Equity Class with BMO Global Dividend Class to be effective on or about May 9, 2008.

As a result of this merger, shareholders of BMO U.S. Equity Class will have the potential to achieve greater portfolio diversification by investing in a larger fund with broader investment objectives. The investment objective of BMO Global Dividend Class is to achieve a high level of total return, including dividend income and capital gains, by investing primarily in dividend-yielding common and preferred shares of corporations from around the world.

The proposed fund merger is subject to shareholder and regulatory approval. Meetings of shareholders of each of BMO U.S. Equity Class and BMO Global Dividend Class will be held on or about May 5, 2008.

About BMO Investments Inc.
BMO Investments Inc. is a member of the BMO Financial Group and part of the organization’s Private Client Group. The Private Client Group provides integrated wealth management services in Canada and the United States and had total assets under management and administration and term investments of $283 billion as at January 31, 2008.

Contacts:
Paul Gammal, Toronto, paul.gammal@bmo.com, (416) 867-3996
Lucie Gosselin, Montreal, lucie.gosselin@bmo.com, (514) 877-1101
Laurie Grant, Vancouver, laurie.grant@bmo.com, (604) 665-7596

Back to top of page

Commentary on current market events

TORONTO, January 22, 2008 – What began as relatively isolated concerns about the impact of the U.S. housing market, has in the past several weeks escalated substantially into forecasts of a U.S. recession and has been felt in equity markets around the world. Several of these equity markets have already fallen into what would be considered bear market territory (defined as a decline of 20% or more from their recent highs) and a number of others are close.

As we know, the equity market tends to be forward looking, that is, it attempts to discount what is going to occur in the future. If this is the case, then the declines of the past several weeks don’t bode well for the direction of the economy. And some recent economic statistics appear to bear this out. Housing starts, consumer confidence, and a key business indicator have all recently been closer to levels seen around previous recessions.

However, all the economic news is not of the bad variety. U.S. employment figures remain strong, inventories relative to sales are at very low levels, and the decline in the U.S. dollar has led to an acceleration of exports. This positive data would point more towards a slowdown or a mild recession at worst.

At least part of the most recent sell-off can also be attributed to market sentiment, which is very negative. However, it is important to remember that market sentiment has very little predictive value for market levels one or two years down the road. In fact, by the time market sentiment turns positive, equity markets will have already rebounded.

As always, while volatility is a natural corrective function of capital markets, developing a well diversified portfolio with the help of an investment professional is a prudent strategy that can help weather that volatility and achieve long-term investment objectives.

This commentary is provided for informational purposes only. Investments and investment strategies should be evaluated relative to each individual’s investment objectives. The information contained herein is not, and should not be construed as, investment advice to any party. Professional advice should be obtained with respect to any circumstance.

Back to top of page

TORONTO, January 21, 2008 - BMO Investments Inc., the manager of BMO Mutual Funds, today announced that, subject to regulatory approval, certain BMO Mutual Funds will offer, for distribution, Series I units or Series I shares, as applicable, in addition to the series the funds currently offer.

Series I securities will be available only to institutional investors. BMO Investments Inc. expects these funds will be qualified for distributing Series I securities on or about January 28, 2008.

About BMO Investments Inc. BMO Investments Inc. is a member of the BMO Financial Group and part of the organization's Private Client Group. The Private Client Group provides integrated wealth management services in Canada and the United States and had total assets under management and administration and term investments of $275 billion as at October 31, 2007.

Contacts:
JoAnne Hayes, Toronto, joanne.hayes@bmo.com, (416) 867-3996
Ronald Monet, Montréal, ronald.monet@bmo.com, (514) 877-1873
Laurie Grant, Vancouver, laurie.grant@bmo.com, (604) 665-7596

Back to top of page

BMO Mutual Funds crowned as winner in DALBAR’s 2007 Service Awards

TORONTO, January 16, 2008 – BMO Mutual Funds has won DALBAR’s 2007 Mutual Funds Service Award for providing the best overall service to their investors for the second consecutive year in both English and French.

BMO Investments Inc. to Offer Multi-Series Structure for Certain BMO Mutual Funds to Provide Investors with More Purchase Options

TORONTO, November 13, 2007 – BMO Investments Inc., the manager of BMO Mutual Funds, today announced that, effective November 9, 2007, certain BMO Mutual Funds have qualified for distribution as Series I units or Series D units, or both, in addition to the Series A units, which are available to all investors. This will enable these funds to provide new purchase options in the future that are tailored for specific types of investors. The Series I units will be available only to institutional investors, and the Series D units will only become available to investors who purchase units through BMO InvestorLine Inc.

About BMO Investments Inc.
BMO Investments Inc. is a member of the BMO Financial Group and part of the organization’s Private Client Group. The Private Client Group provides integrated wealth management services in Canada and the United States and had total assets under management and administration and term investments of $277 billion as at July 31, 2007.

Contacts:
JoAnne Hayes, Toronto, joanne.hayes@bmo.com, (416) 867-3996
Lucie Gosselin, Montreal, lucie.gosselin@bmo.com, (514) 877-8224
Laurie Grant, Vancouver, laurie.grant@bmo.com, (604) 665-7596

Back to top of page

BMO Global Tax Advantage Fund Inc. Eligible Dividend Designation

TORONTO, September 27, 2007 – The 2006 Federal Budget proposal to reduce the effective rate of income tax on "eligible dividends" paid by Canadian corporations to Canadian resident individuals became law on February 21, 2007. This new legislation applies to "eligible dividends" paid on or after January 1, 2006.

Starting in 2006 there are two types of Canadian taxable dividends: eligible dividends and ineligible dividends. Eligible dividends are subject to a 45% gross-up and 18.9655% federal tax credit on the grossed-up dividend; whereas ineligible dividends are subject to a 25% gross-up and 13.3333% federal tax credit on the grossed-up dividend. As a result, the effective rate of federal income tax on eligible dividends is lower than the effective rate of federal income tax on ineligible dividends.

For the purposes of the Income Tax Act (Canada) and any similar provincial and territorial legislation, BMO Global Tax Advantage Funds Inc. (the “Fund”), designates the dividends paid on its classes of shares (listed below) on September 27, 2007 as “eligible dividends”.

Please consult with your own tax advisor for advice with respect to the income tax consequences to you of the Fund designating dividends paid on its shares as “eligible dividends”. Here are the final distribution amounts for the BMO Global Tax Advantage Classes for the year ending September 30, 2007.

Back to top of page

BMO Mutual Funds to Improve Cost Certainty and Fee Transparency for Investors

TORONTO, September 14, 2007 – BMO Investments Inc., the manager of BMO Mutual Funds, today announced it will pay the majority of operating expenses for its Funds, in return for a fixed administration fee. This change will provide investors with greater certainty with respect to each Fund’s management expense ratio (MER), which will become more transparent and predictable. MERs for all Funds will either decrease or remain neutral, compared to MERs in 2006. These changes will be effective December 1, 2007.

“By replacing operating expenses with a fixed administration fee, the MER for each BMO Fund will become more stable and provide unitholders with clear pricing and greater certainty about the cost of investing in a BMO Mutual Fund,” said Ed Legzdins, President and CEO, BMO Investments Inc.

The Funds have an Independent Review Committee (the “IRC”) that provides independent oversight and advice to the manager. BMO Investments Inc. referred this change to the IRC for its review and input as required by securities regulation. The IRC was of the opinion that the proposed change will achieve a fair and reasonable result for the Funds and provided a positive recommendation to BMO Investments Inc.

Unitholders will be notified in writing during the fourth week of September, as required by securities regulations. The proposed rate of the annual administration fee for each Fund is set out below.

Back to top of page

BMO Investments Inc. Proposes Changes to the Declarations of Trust for a Number of BMO Mutual Funds

TORONTO, September 13, 2007 – BMO Investments Inc., the manager of BMO Mutual Funds, today announced proposed changes to the Declarations of Trust of all of the Funds organized as trusts, other than the LifeStage Plus Funds.

BMO Investments Inc. is proposing to amend and restate the Declaration of Trust of each of the Funds in the form of a Master Declaration of Trust to simplify and update the administration of the Funds.

“We believe that an updated Master Declaration of Trust will allow for greater uniformity in the administration of the Funds and will allow the Funds to more efficiently meet the regulatory standards and industry best practices of today and tomorrow,” said Ed Legzdins, President and CEO, BMO Investments Inc.

The Funds have an Independent Review Committee (the “IRC”) that provides independent oversight and advice to the manager. BMO Investments Inc. referred this change to the IRC for its review and input as required by securities regulation. The IRC was of the opinion that the proposed change will achieve a fair and reasonable result for the Funds and provided a positive recommendation to BMO Investments Inc.

Back to top of page

BMO Financial Group Announces Implementation of Independent Review Committee

TORONTO, September 13, 2007 – BMO Financial Group has announced that on September 12, 2007, an Independent Review Committee (IRC) became operational for the following BMO subsidiaries that offer public investment funds: BMO Investments Inc., BMO Nesbitt Burns Inc., BMO Harris Investment Management Inc. and Guardian Group of Funds Ltd. The IRC will provide independent oversight regarding actual and perceived conflicts of interest involving the publicly offered BMO Financial Group -managed investment funds and will perform all other functions required of an independent review committee under National Instrument 81-107, Independent Review Committee for Investment Funds.

Together with Charles W. White, Chair, the other distinguished members of the IRC are: Allen B. Clarke, Kenneth W. McArthur, John K. McBride, R. Jamie Plant and Louise Vaillancourt-Châtillon. They were appointed the first members of the IRC on May 1, 2007.

Each of the members of the IRC is independent from the fund managers and other companies associated with BMO Financial Group.

In conjunction with the implementation of the IRC, the independent trustees who previously governed the BMO Mutual Funds have resigned as trustees but will continue to serve as members of the IRC. BMO Investments Inc. has been appointed the sole trustee of the BMO Mutual Funds.

“BMO is committed to continuing to earn the trust of our investors with effective fund governance and transparent decision-making,” said Gilles Ouellette, President and Chief Executive Officer, Private Client Group, BMO Financial Group.

National Instrument 81-107 is a requirement of the Canadian securities administrators and applies to all managers of investment funds publicly offered in Canada. Under National Instrument 81-107 all managers of public investment funds were required to establish an independent review committee and appoint its first members by May 1, 2007, and must achieve full compliance with the instrument by November 1, 2007.

BMO Financial Group’s Private Client Group provides integrated wealth management services in Canada and the United States and had total assets under management and administration and term investments of $277.19 billion as at July 31, 2007.

Back to top of page

BMO Confirms its Canadian Money Market Funds Have No Exposure to Non-Bank-Sponsored Asset-backed Commercial Paper

Toronto, August 20, 2007 – BMO Financial Group issued a statement today confirming that none of the money market funds offered by each of BMO Mutual Funds and GGOF Guardian Group of Funds has exposure in their portfolios to asset-backed commercial paper issued by non-bank-sponsored conduits. All asset-backed commercial paper owned in these Canadian money market funds is sponsored by the major Canadian banks and does not include any exposure to U.S. sub-prime, collateralized debt obligations, and derivatives markets.

The bank said that, to date, it has not experienced higher than normal redemption activity in these funds and it does not expect any pricing or valuation issues or changes to their net asset values.

CAUTION REGARDING FORWARD-LOOKING STATEMENTS
Bank of Montreal’s public communications often include written or oral forward-looking statements. Statements of this type are included in this document, and may be included in other filings with Canadian securities regulators or the U.S. Securities and Exchange Commission, or in other communications. All such statements are made pursuant to the ‘safe harbor’ provisions of, and are intended to be forward-looking statements under, the United States Private Securities Litigation Reform Act of 1995 and any applicable Canadian securities legislation. Forward-looking statements may involve, but are not limited to, comments with respect to our objectives and priorities for 2007 and beyond, our strategies or future actions, our targets, expectations for our financial condition or share price, and the results of or outlook for our operations or for the Canadian and U.S. economies.

By their nature, forward-looking statements require us to make assumptions and are subject to inherent risks and uncertainties. There is significant risk that predictions, forecasts, conclusions or projections will not prove to be accurate, that our assumptions may not be correct and that actual results may differ materially from such predictions, forecasts, conclusions or projections. We caution readers of this document not to place undue reliance on our forward-looking statements as a number of factors could cause actual future results, conditions, actions or events to differ materially from the targets, expectations, estimates or intentions expressed in the forward-looking statements.

The future outcomes that relate to forward-looking statements may be influenced by many factors, including but not limited to: general economic conditions in the countries in which we operate; interest rate and currency value fluctuations; changes in monetary policy; the degree of competition in the geographic and business areas in which we operate; changes in laws; judicial or regulatory proceedings; the accuracy and completeness of the information we obtain with respect to our customers and counterparties; our ability to execute our strategic plans and to complete and integrate acquisitions; critical accounting estimates; operational and infrastructure risks; general political conditions; global capital market activities; the possible effects on our business of war or terrorist activities; disease or illness that impacts on local, national or international economies; disruptions to public infrastructure, such as transportation, communications, power or water supply; and technological changes.

We caution that the foregoing list is not exhaustive of all possible factors. Other factors could adversely affect our results. For more information, please see the discussion on pages 28 and 29 of BMO’s 2006 Annual Report, which outlines in detail certain key factors that may affect BMO’s future results. When relying on forward-looking statements to make decisions with respect to Bank of Montreal, investors and others should carefully consider these factors, as well as other uncertainties and potential events, and the inherent uncertainty of forward-looking statements. Bank of Montreal does not undertake to update any forward-looking statement, whether written or oral, that may be made, from time to time, by the organization or on its behalf.

BMO Launches Only Life Cycle Funds in Canada that Lock in Daily Market Gains

TORONTO, June 18, 2007 – BMO Investments Inc. today launched BMO LifeStage Plus Funds, a unique investment option that helps investors save for specific long-term goals, such as a child’s education or retirement.

BMO LifeStage Plus Funds are similar to the relatively new, and increasingly popular, life cycle funds now available throughout North America. Demand for life cycle funds in the U.S. has been particularly strong, with assets growing at a pace of 340 per cent between 2004 and 2006, compared to the 40 per cent growth rate of the rest of the fund industry.*

In contrast to traditional mutual funds, life cycle funds have “target end dates” – the day the fund will end or mature. As this date approaches, the overall asset allocation of the fund automatically adjusts to become more conservative. This helps investors take advantage of market growth opportunities early on in their investments, while protecting the value of the fund as it gets closer to maturity.

What makes BMO’s new funds unique is that for the first time in Canada these funds will also include a daily lock-in feature. This means that investors will receive the highest daily value during the life of the fund if they remain fully invested in the fund until its target end date.

Investors simply select one of four portfolios (based on target end dates of 2015, 2020, 2025 and 2030) that best coincides with their savings goal. The portfolio will then be adjusted over the life of the fund, and rebalanced to maintain the appropriate asset mix. As long as investors remain fully invested until the fund has reached its target end date, they will receive the Guaranteed Maturity Amount: the highest daily unit value in the fund’s history (at minimum their initial investment).

“The built-in asset class rebalancing feature is well suited for investors who want a simple, well-diversified portfolio that they don’t have to worry about after they determine which maturity date works best for them,” said Ed Legzdins, President and CEO, BMO Investments Inc. “The maintenance-free portfolio simplifies investing - it helps investors limit downside risk the closer they are to needing the money, which allows them to confidently plan for the significant milestones in their lives.”

How BMO LifeStage Plus Funds work
BMO LifeStage Plus Funds provide investors with a professionally managed, globally diversified portfolio, made up of BMO Mutual Funds and/or a fixed income component. Each of the BMO LifeStage Plus Funds will provide exposure to a range of the following BMO Mutual Funds at various points during the life of the fund: BMO Dividend Fund, BMO U.S. Equity Fund, BMO International Equity Fund and BMO Monthly Income Fund.

The equity component provides the funds with growth potential and the fixed income component provides the funds with downside protection as the funds near their target end dates. The asset mix will be monitored daily and will gradually shift, based on market conditions and time to maturity, to fixed income securities by the funds’ target end dates. Together, these two components offer clients growth potential with a Guaranteed Maturity Amount.

Investors can purchase units in the fund at any time at the fund’s current unit value and will still receive the highest daily unit value in the fund’s history. If investors redeem units prior to maturity, they will receive the fund’s unit value at the time of redemption.

*As of December 31, 2006, according to Investment Company Institute (ICI), the national association of U.S. investment companies

Back to top of page

BMO Global Tax Advantage Funds Inc. - 2006 Eligible Dividend Designation

The 2006 Federal Budget proposal to reduce the effective rate of income tax on "eligible dividends" paid by Canadian corporations to Canadian resident individuals became law on February 21, 2007. This new legislation applies to "eligible dividends" paid on or after January 1, 2006.

For the purposes of the Income Tax Act (Canada) and any similar provincial and territorial legislation, BMO Global Tax Advantage Funds Inc. (the "Company") designates dividends paid by the Company in the 2006 calendar year as follows:

Prior to 2006, dividends paid by Canadian corporations ("taxable Canadian dividends") to Canadian resident individuals were subject to a gross-up of 25% and federal dividend tax credit of 13.3333% of the grossed-up dividend. Effective January 1, 2006, there are two types of taxable Canadian dividends: eligible dividends and dividends that are not eligible ("ineligible dividends"). Ineligible dividends continue to be subject to a gross-up of 25% and federal dividend tax credit of 13.3333%. Eligible dividends are subject to a gross-up of 45% and federal dividend tax credit of 18.9655% of the grossed-up dividend. As a result, eligible dividends are subject to a lower effective tax rate than ineligible dividends. Depending on your province of residence, similar provincial enhanced dividend tax credits may also be available.

Please consult with your own tax advisor for advice with respect to the income tax consequences to you of the Company designating dividends paid on its class of shares as "eligible dividends".

Back to top of page

BMO Investments Inc. Receives Shareholder Approval to Proceed with Changes to its Mutual Fund Line-Up

TORONTO, April 27, 2007 – BMO Investments Inc. today announced that shareholders approved the following changes to BMO Global Balanced Class and BMO Short-Term Income Class.

BMO Global Balanced Class

The shareholders of this fund approved the proposed changes to the investment objectives at the shareholders meeting that was held on April 26, 2007. Accordingly, effective April 30, 2007, the investment objectives for BMO Global Balanced Class will be changed in order to allow the fund to invest primarily in dividend-yielding common and preferred shares of companies from around the word. The fund’s name will also be changed at this time to “BMO Global Dividend Class” to reflect the change to the fund’s investment objectives.

“Investors are increasingly looking outside of Canada for opportunities to participate in the stability and growth potential of large-cap blue chip firms,” said Ed Legzdins, President and CEO, BMO Investments Inc. “Investors in BMO Global Dividend Class will benefit from global equity exposure and geographic diversification in their portfolio, with an emphasis on dividend distributing equities.”

In addition, as of April 30, 2007, KBC Asset Management International Limited will become the portfolio manager for this fund, replacing Insight Investment Management (Global) Limited.

KBC is a wholly-owned subsidiary of KBC Asset Management Ltd., in Dublin, Ireland, which has been managing assets for more than 25 years and is ultimately owned by the KBC Group, a financial services provider headquartered in Brussels and publicly listed on the Euronext Stock Exchange with operations in more than 30 countries. KBC and related companies had more than $26 billion in assets under management as of December 31, 2006.

BMO Short-Term Income Class

The shareholders of this fund approved the proposed changes to this fund’s investment objectives, as described below, at the shareholders meeting that was held on April 26, 2007. The approved changes, including the name change from “BMO Short Term Income Class” to “BMO Capital Yield Class”, will be implemented later in the year, when the manager is in a position to proceed with the changes in a manner that is cost-effective and compliant with applicable regulatory requirements, and is in the best interests of the shareholders.

Once implemented, the new investment objectives will be to provide a return similar to that of a fixed income fund by investing primarily in Canadian equity securities and entering into forward contracts or other permitted derivatives in order to provide the fund with a return determined by reference to the performance of a fixed income fund. It is expected that the earnings derived from these transactions will be treated as capital gains and, if distributed to shareholders, will be capital gains dividends for tax purposes. Where, in the opinion of the portfolio manager, the after tax returns do not outweigh the costs of using the derivative strategy, the fund may primarily invest directly in fixed income securities. In these circumstances, it is expected that the earnings generated will be interest income.

Back to top of page

BMO Investments Inc. Announces Changes to its Mutual Fund Line-Up

TORONTO, March 23, 2007 – BMO Investments Inc. today announced proposed changes to BMO Global Balanced Class and BMO Short-Term Income Class which will be effective on or about April 30, 2007.

BMO Global Balanced Class

Subject to shareholder approval, the investment objectives for BMO Global Balanced Class will be revised to allow this fund to invest primarily in dividend-yielding common and preferred shares of companies from around the world.

If approved by shareholders, this fund’s new investment objectives will be “to achieve a high level of total return from the value of your investment, including dividend income and capital gains, by investing primarily in dividend yielding common and preferred shares of companies from around the world. As part of its investment objectives, the fund invests primarily in equities of companies that trade on recognized stock exchanges in countries around the world.” As part of the resolution to change the investment objectives of this fund, shareholders will also be asked to approve a change in this fund’s name to “BMO Global Dividend Class” to reflect the new investment objectives.

This fund’s current objectives are to achieve a high level of total return, including capital gains, interest and dividend income by investing primarily in equity and fixed income securities of issuers that may be located anywhere in the world.

A meeting of shareholders of this fund will be held on or about April 26, 2007. If the change to this fund’s investment objectives and name is approved, the investment strategies for this fund will also be revised, and KBC Asset Management International Limited (“KBC”) will become the portfolio manager for this fund, to be effective on or about April 30, 2007.

KBC is a wholly-owned subsidiary of KBC Asset Management Ltd, Dublin, which has been managing assets for more than 25 years and is ultimately owned by the KBC Group, a financial services provider headquartered in Brussels and publicly listed on the Euronext Stock Exchange in Brussels with operations in more than 30 countries. KBC and related companies had more than $26 billion in assets under management as of December 31, 2006.

BMO Short-Term Income Class

Subject to shareholder and regulatory approval, the investment objectives for BMO Short-Term Income Class will be revised to allow the fund to provide a return similar to that of a fixed income fund. By investing primarily in Canadian equity securities and entering into forward contracts or other permitted derivatives, this fund seeks to provide a return determined with reference to the performance of a fixed income fund managed by BMO Investments Inc.

This fund expects that the earnings derived from these transactions will be treated as capital gains, and if distributed to shareholders, will be capital gains dividends for tax purposes.

This fund’s current objectives are to provide the opportunity to invest in a fixed-income fund for the short term, as an alternative or in addition to the equity funds included in the BMO Global Tax Advantage Funds and to provide current income while preserving capital and maintaining liquidity. As part of its current investment objectives, this fund invests primarily in high quality securities like Canadian treasury bills, other Canadian short-term fixed-income securities and highly related commercial paper with terms to maturity of less than three years.

As part of the resolution to change the investment objectives of this fund, shareholders will also be asked to approve a change in this fund’s name to “BMO Capital Yield Class” to reflect the new investment objectives. If the change to this fund’s investment objectives and name is approved, the investment strategies for this fund will be revised to reflect the new objectives. A meeting of shareholders of this fund will be held on or about April 26, 2007. If approved, such changes will be effective on or about April 30, 2007.

Back to top of page

Contacts:
Paul Gammal, Toronto, paul.gammal@bmo.com, (416) 867-3996
Lucie Gosselin, Montreal, lucie.gosselin@bmo.com, (514) 877-1101
Laurie Grant, Vancouver, laurie.grant@bmo.com, (604) 665-7596

Back to top of page

Commentary on current market events

TORONTO, January 22, 2008 – What began as relatively isolated concerns about the impact of the U.S. housing market, has in the past several weeks escalated substantially into forecasts of a U.S. recession and has been felt in equity markets around the world. Several of these equity markets have already fallen into what would be considered bear market territory (defined as a decline of 20% or more from their recent highs) and a number of others are close.

As we know, the equity market tends to be forward looking, that is, it attempts to discount what is going to occur in the future. If this is the case, then the declines of the past several weeks don’t bode well for the direction of the economy. And some recent economic statistics appear to bear this out. Housing starts, consumer confidence, and a key business indicator have all recently been closer to levels seen around previous recessions.

However, all the economic news is not of the bad variety. U.S. employment figures remain strong, inventories relative to sales are at very low levels, and the decline in the U.S. dollar has led to an acceleration of exports. This positive data would point more towards a slowdown or a mild recession at worst.

At least part of the most recent sell-off can also be attributed to market sentiment, which is very negative. However, it is important to remember that market sentiment has very little predictive value for market levels one or two years down the road. In fact, by the time market sentiment turns positive, equity markets will have already rebounded.

As always, while volatility is a natural corrective function of capital markets, developing a well diversified portfolio with the help of an investment professional is a prudent strategy that can help weather that volatility and achieve long-term investment objectives.

This commentary is provided for informational purposes only. Investments and investment strategies should be evaluated relative to each individual’s investment objectives. The information contained herein is not, and should not be construed as, investment advice to any party. Professional advice should be obtained with respect to any circumstance.

Back to top of page

BMO Mutual Funds crowned as winner in DALBAR’s 2007 Service Awards

TORONTO, January 16, 2008 – BMO Mutual Funds has won DALBAR’s 2007 Mutual Funds Service Award for providing the best overall service to their investors for the second consecutive year in both English and French.

BMO Investments Inc. to Offer Multi-Series Structure for Certain BMO Mutual Funds to Provide Investors with More Purchase Options

TORONTO, November 13, 2007 – BMO Investments Inc., the manager of BMO Mutual Funds, today announced that, effective November 9, 2007, certain BMO Mutual Funds have qualified for distribution as Series I units or Series D units, or both, in addition to the Series A units, which are available to all investors. This will enable these funds to provide new purchase options in the future that are tailored for specific types of investors. The Series I units will be available only to institutional investors, and the Series D units will only become available to investors who purchase units through BMO InvestorLine Inc.

About BMO Investments Inc.
BMO Investments Inc. is a member of the BMO Financial Group and part of the organization’s Private Client Group. The Private Client Group provides integrated wealth management services in Canada and the United States and had total assets under management and administration and term investments of $277 billion as at July 31, 2007.

Contacts:
JoAnne Hayes, Toronto, joanne.hayes@bmo.com, (416) 867-3996
Lucie Gosselin, Montreal, lucie.gosselin@bmo.com, (514) 877-8224
Laurie Grant, Vancouver, laurie.grant@bmo.com, (604) 665-7596

Back to top of page

BMO Global Tax Advantage Fund Inc. Eligible Dividend Designation

TORONTO, September 27, 2007 – The 2006 Federal Budget proposal to reduce the effective rate of income tax on "eligible dividends" paid by Canadian corporations to Canadian resident individuals became law on February 21, 2007. This new legislation applies to "eligible dividends" paid on or after January 1, 2006.

Starting in 2006 there are two types of Canadian taxable dividends: eligible dividends and ineligible dividends. Eligible dividends are subject to a 45% gross-up and 18.9655% federal tax credit on the grossed-up dividend; whereas ineligible dividends are subject to a 25% gross-up and 13.3333% federal tax credit on the grossed-up dividend. As a result, the effective rate of federal income tax on eligible dividends is lower than the effective rate of federal income tax on ineligible dividends.

For the purposes of the Income Tax Act (Canada) and any similar provincial and territorial legislation, BMO Global Tax Advantage Funds Inc. (the “Fund”), designates the dividends paid on its classes of shares (listed below) on September 27, 2007 as “eligible dividends”.

Please consult with your own tax advisor for advice with respect to the income tax consequences to you of the Fund designating dividends paid on its shares as “eligible dividends”. Here are the final distribution amounts for the BMO Global Tax Advantage Classes for the year ending September 30, 2007.

Back to top of page

BMO Mutual Funds to Improve Cost Certainty and Fee Transparency for Investors

TORONTO, September 14, 2007 – BMO Investments Inc., the manager of BMO Mutual Funds, today announced it will pay the majority of operating expenses for its Funds, in return for a fixed administration fee. This change will provide investors with greater certainty with respect to each Fund’s management expense ratio (MER), which will become more transparent and predictable. MERs for all Funds will either decrease or remain neutral, compared to MERs in 2006. These changes will be effective December 1, 2007.

“By replacing operating expenses with a fixed administration fee, the MER for each BMO Fund will become more stable and provide unitholders with clear pricing and greater certainty about the cost of investing in a BMO Mutual Fund,” said Ed Legzdins, President and CEO, BMO Investments Inc.

The Funds have an Independent Review Committee (the “IRC”) that provides independent oversight and advice to the manager. BMO Investments Inc. referred this change to the IRC for its review and input as required by securities regulation. The IRC was of the opinion that the proposed change will achieve a fair and reasonable result for the Funds and provided a positive recommendation to BMO Investments Inc.

Unitholders will be notified in writing during the fourth week of September, as required by securities regulations. The proposed rate of the annual administration fee for each Fund is set out below.