TORONTO, May 18, 2021 /CNW/ - BMO Asset Management Inc.
today announced changes to the frequency of distributions for the
Accumulating Units of the Exchange Traded Funds (ETFs) listed in
the table below:
|
BMO
ETF
|
Trading
Symbol
|
Prior
Frequency
of
Distributions
|
New
Frequency of
Distribution
|
|
BMO Short Corporate
Bond Index ETF
|
ZCS.L
|
Annually
|
Quarterly
|
|
BMO Short Federal
Bond Index ETF
|
ZFS.L
|
Annually
|
Quarterly
|
|
BMO Short Provincial
Bond Index ETF
|
ZPS.L
|
Annually
|
Quarterly
|
|
BMO Ultra Short-Term
Bond ETF
|
ZST.L
|
Annually
|
Quarterly
|
|
BMO Ultra Short-Term
US Bond ETF
|
ZUS.V
|
Annually
|
Quarterly
|
These quarterly distributions, if any, generally represent net
income and net realized capital gains within the ETFs. They are
distributed and automatically reinvested in additional Accumulating
Units of the applicable ETF, which are consolidated
immediately.
Please note that the ETFs' investment objectives and strategies
remained unchanged.
Further information about BMO ETFs can be found at
www.bmo.com/etfs.
®/™Registered trademarks/trademark of Bank of
Montreal, used under licence.
Commissions, management fees and expenses all may be associated
with investments in exchange traded funds. Please read the ETF
Facts or prospectus of the BMO ETFs before investing. Exchange
traded funds 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,
please see the specific risks set out in the BMO ETF's
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.
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.
About BMO Exchange Traded Funds (ETFs)
BMO Exchange
Traded Funds has been a leading ETF provider
in Canada for 11 years, with over 100 strategies and
approximately 30 per cent market share in Canada1.
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 active mutual funds.
|
1Morningstar, December 2020
|
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 $973 billion as of January 31,
2021, 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
