TORONTO, Dec. 15, 2020 /CNW/ - BMO Asset
Management Inc. (the "Manager"), today announced the final net
asset values for each of BMO Junior Gas Index ETF ("ZJN"), BMO
Junior Oil Index ETF ("ZJO") and BMO MSCI EAFE Value Index ETF
("ZVI") (each a "Fund" and collectively, the "Funds").
On September 30, 2020, the Manager
pre-announced the termination of the Funds. Effective close of
business December 15, 2020, the Funds
were terminated. The units of the Funds were previously de-listed,
at the request of the Manager, from the Toronto Stock Exchange
effective close of business on December 10,
2020.
Following the termination, the final unitholders of the Funds
became entitled to receive the proceeds from the liquidation of the
assets, less all liabilities and all expenses. The proceeds have
been allocated to those unitholders on a pro rata basis at
the rates (the "Final NAV") and in the currency shown in the table
below and no further action is required by unitholders. In
addition, immediately before the time of termination, unitholders
of the Funds received a final distribution ("Final
Distribution").
The Final NAV and the Final Distribution per unit of each of the
Funds are as follows:
Name of
ETF
|
Ticker
|
Final NAV
per Unit ($CAD)
|
Final
Distribution
per Unit ($CAD)
|
BMO Junior Gas Index
ETF
|
ZJN
|
32.69693
|
2.412942
|
BMO Junior Oil Index
ETF
|
ZJO
|
21.94210
|
0.630702
|
BMO MSCI EAFE Value
Index ETF
|
ZVI
|
18.27860
|
0.021231
|
The Final Distribution on the units of the Funds were
automatically reinvested at a price equal to the Final NAV per unit
of each of the Funds and consolidated such that the number of units
outstanding following the Final Distribution equalled the number of
units outstanding immediately prior to the Final Distribution.
The BMO ETFs or securities referred to herein are not sponsored,
endorsed or promoted by MSCI Inc. ("MSCI"), and MSCI bears no
liability with respect to any such BMO ETFs or securities or any
index on which such BMO ETFs or securities are based. The
prospectus of the BMO ETFs contains a more detailed description of
the limited relationship MSCI has with BMO Asset Management Inc.
and any related BMO ETFs.
®/™Registered trademarks/trademark of Bank of
Montreal, used under licence.
BMO Global Asset Management is a brand name that comprises BMO
Asset Management Inc., BMO Investments Inc., BMO Asset Management
Corp., BMO Asset Management Limited and BMO's specialized
investment management firms.
BMO ETFs are managed by BMO Asset Management Inc., which is an
investment fund manager and a portfolio manager, and a separate
legal entity from Bank of Montreal.
Commissions, management fees and expenses (if applicable) all
may be associated with investments in BMO ETFs. Please read
the ETF Facts or prospectus of the relevant BMO ETF before
investing. BMO ETFs are not guaranteed, their values change
frequently and past performance may not be repeated.
For a summary of the risks of an investment in the BMO ETFs of
the BMO Mutual Funds, please see the specific risks set out in the
prospectus. BMO ETFs trade like stocks, fluctuate in market
value and may trade at a discount to their net asset value, which
may increase the risk of loss. Distributions are not guaranteed and
are subject to change and/or elimination.
Further information about BMO ETFs can be found at
www.bmo.com/etfs.
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@BMOmedia
About BMO Exchange Traded Funds (ETFs)
BMO Exchange
Traded Funds has been a leading ETF provider in Canada for 11 years, with 96 mandates and 30
per cent market share in Canada.
BMO ETFs are designed to stay ahead of market trends and provide
compelling solutions to help advisors and investors. This includes
a comprehensive suite of ETFs developed in Canada for Canadians, such as cost effective
core equity ETFs following market leading indexes, and a broad
range of fixed income ETFs; solution-based ETFs responding to
client demand; and innovation with smart beta ETFs, as well as
combining active and passive investing with ETF series of
award-winning active mutual funds.
About BMO Financial Group
Serving customers for 200
years and counting, BMO is a highly diversified financial services
provider - the 8th largest bank, by assets, in North America.
With total assets of $949 billion as of October 31,
2020, and a team of diverse and highly engaged employees, BMO
provides a broad range of personal and commercial banking, wealth
management and investment banking products and services to more
than 12 million customers and conducts business through three
operating groups: Personal and Commercial Banking, BMO Wealth
Management and BMO Capital Markets.
SOURCE BMO Financial Group