BMO Announces Cash Distributions for Certain BMO ETFs and ETF Series of BMO Mutual Funds for January 2024 (2024)

TORONTO, Jan. 22, 2024 /CNW/ - BMO Asset Management Inc., as manager of the BMO ETFs, and BMO Investments Inc., as manager of the BMO Mutual Funds, today announced theJanuary 2024cash distributions for unitholders of BMO ETFs and unitholders of ETF Series units of the BMO Mutual Funds (ETF Series) that distribute monthly, as set out in the table below. Unitholders of record of the BMO ETFs and ETF Series at the close of business onJanuary 30, 2024will receive cash distributions payable onFebruary 2, 2024.

Unitholders of record of BMO USD Cash Management ETF (TSX: ZUCM and ZUCM.U) and ETF Series of BMO Money Market Fund (TSX: ZMMK) at the close of business on January 29, 2024 will receive cash distributions payable on February 2, 2024.

The ex-dividend date and record date for ZUCM, ZUCM.U and ZMMK is January 29, 2024.

Details of the per unit cash distribution amount are as follows:

FUND NAME

FUND TICKER

CASH
DISTRIBUTION
PER UNIT

BMO Aggregate Bond Index ETF

ZAG

$0.040

BMO Canadian MBS Index ETF

ZMBS

$0.035

BMO Discount Bond Index ETF

ZDB

$0.030

BMO Emerging Markets Bond Hedged to CAD Index ETF

ZEF

$0.045

BMO Equal Weight Banks Index ETF

ZEB

$0.140

BMO Equal Weight REITs Index ETF

ZRE

$0.090

BMO Equal Weight Utilities Index ETF

ZUT

$0.075

BMO ESG High Yield US Corporate Bond Index ETF

ESGH

$0.110

BMO ESG High Yield US Corporate Bond Index ETF (Hedged Units)

ESGH.F

$0.100

BMO High Yield US Corporate Bond Hedged to CAD Index ETF

ZHY

$0.060

BMO High Yield US Corporate Bond Index ETF

ZJK

$0.090

BMO High Yield US Corporate Bond Index ETF (USD Units)*

ZJK.U

$0.085

BMO Laddered Preferred Share Index ETF

ZPR

$0.045

BMO Long Corporate Bond Index ETF

ZLC

$0.065

BMO Long Federal Bond Index ETF

ZFL

$0.040

BMO Long Provincial Bond Index ETF

ZPL

$0.045

BMO Mid Corporate Bond Index ETF

ZCM

$0.050

BMO Mid Federal Bond Index ETF

ZFM

$0.028

BMO Mid Provincial Bond Index ETF

ZMP

$0.034

BMO Mid-Term US IG Corporate Bond Hedged to CAD Index ETF

ZMU

$0.045

BMO Mid-Term US IG Corporate Bond Index ETF

ZIC

$0.055

BMO Mid-Term US IG Corporate Bond Index ETF (USD Units)*

ZIC.U

$0.042

BMO Real Return Bond Index ETF

ZRR

$0.060

BMO Short Corporate Bond Index ETF

ZCS

$0.038

BMO Short Federal Bond Index ETF

ZFS

$0.022

BMO Short Provincial Bond Index ETF

ZPS

$0.030

BMO Short-Term US IG Corporate Bond Hedged to CAD Index ETF

ZSU

$0.035

BMO US Aggregate Bond Index ETF

ZUAG

$0.050

BMO US Aggregate Bond Index ETF (Hedged Units)

ZUAG.F

$0.050

BMO US Aggregate Bond Index ETF (USD Units)*

ZUAG.U

$0.050

BMO US Preferred Share Hedged to CAD Index ETF

ZHP

$0.097

BMO US Preferred Share Index ETF

ZUP

$0.105

BMO US Preferred Share Index ETF (USD Units)*

ZUP.U

$0.105

BMO Balanced ETF (Fixed Percentage Distribution Units)

ZBAL.T

$0.135

BMO Canadian Banks Accelerator ETF

ZEBA

$0.126

BMO Canadian Dividend ETF

ZDV

$0.070

BMO Canadian High Dividend Covered Call ETF

ZWC

$0.100

BMO Covered Call Canadian Banks ETF

ZWB

$0.110

BMO Covered Call Canadian Banks ETF (USD Units)*

ZWB.U

$0.140

BMO Covered Call Dow Jones Industrial Average Hedged to CAD ETF

ZWA

$0.130

BMO Covered Call Energy ETF

ZWEN

$0.210

BMO Covered Call Health Care ETF

ZWHC

$0.160

BMO Covered Call Technology ETF

ZWT

$0.130

BMO Covered Call US Banks ETF

ZWK

$0.145

BMO Covered Call Utilities ETF

ZWU

$0.070

BMO Europe High Dividend Covered Call ETF

ZWP

$0.105

BMO Europe High Dividend Covered Call Hedged to CAD ETF

ZWE

$0.120

BMO Floating Rate High Yield ETF

ZFH

$0.105

BMO Global High Dividend Covered Call ETF

ZWG

$0.175

BMO Growth ETF (Fixed Percentage Distribution Units)

ZGRO.T

$0.150

BMO International Dividend ETF

ZDI

$0.080

BMO International Dividend Hedged to CAD ETF

ZDH

$0.090

BMO Laddered Preferred Share Index ETF (USD Units)*

ZPR.U

$0.075

BMO Monthly Income ETF

ZMI

$0.070

BMO Monthly Income ETF (USD Units)*

ZMI.U

$0.120

BMO Premium Yield ETF

ZPAY

$0.160

BMO Premium Yield ETF (Hedged Units)

ZPAY.F

$0.155

BMO Premium Yield ETF (USD Units)*

ZPAY.U

$0.160

BMO Ultra Short-Term Bond ETF

ZST

$0.210

BMO Ultra Short-Term US Bond ETF (USD Units)*

ZUS.U

$0.205

BMO US Dividend ETF

ZDY

$0.080

BMO US Dividend ETF (USD Units)*

ZDY.U

$0.060

BMO US Dividend Hedged to CAD ETF

ZUD

$0.055

BMO US High Dividend Covered Call ETF

ZWH

$0.100

BMO US High Dividend Covered Call ETF (USD Units)*

ZWH.U

$0.105

BMO US High Dividend Covered Call Hedged to CAD ETF

ZWS

$0.090

BMO US Put Write ETF

ZPW

$0.115

BMO US Put Write ETF (USD Units)*

ZPW.U

$0.115

BMO US Put Write Hedged to CAD ETF

ZPH

$0.120

BMO USD Cash Management ETF

ZUCM

$0.136

BMO USD Cash Management ETF (USD Units)*

ZUCM.U

$0.135

BMO Global Enhanced Income Fund (ETF Series)

ZWQT

$0.085

BMO Global Dividend Opportunities Fund (Active ETF Series)

BGDV

$0.034

BMO Global REIT Fund (Active ETF Series)

BGRT

$0.055

BMO Money Market Fund (ETF Series)

ZMMK

$0.210

*Cash distribution per unit ($) amounts are USD for ZJK.U, ZIC.U, ZUAG.U, ZUP.U, ZWB.U, ZPR.U, ZMI.U, ZPAY.U, ZUS.U, ZDY.U, ZWH.U, ZPW.U and ZUCM.U.

Further information about BMO ETFs and ETF Series of the BMO Mutual Funds can be found atwww.bmo.com/etfs.

Commissions, management fees and expenses all may be associated with investments in BMO ETFs and ETF Series of the BMO Mutual Funds. Please read the ETF facts or prospectus of the relevant BMO ETF or ETF Series before investing. BMO ETFs and ETF Series 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 or ETF Series of the BMO Mutual Funds, please see the specific risks set out in the prospectus. BMO ETFs and ETF Series 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.

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. ETF Series of the BMO Mutual Funds are managed by BMO Investments Inc., which is an investment fund manager and a separate legal entity from Bank of Montreal.

Distributions are not guaranteed and may fluctuate. Distribution rates may change without notice (up or down) depending on market conditions. The payment of distributions should not be confused with an investment fund's performance, rate of return or yield. If distributions paid by an investment fund are greater than the performance of the fund, your original investment will shrink. Distributions paid as a result of capital gains realized by an investment fund, and income and dividends earned by an investment fund, are taxable in your hands in the year they are paid. Your adjusted cost base will be reduced by the amount of any returns of capital. If your adjusted cost base goes below zero, you will have to pay capital gains tax on the amount below zero. Please refer to the distribution policy for the relevant BMO ETF or ETF Series set out in its prospectus.

Cash distributions, if any, on units of a BMO ETF or an ETF Series (other than accumulating units or units subject to a distribution reinvestment plan) are expected to be paid primarily out of dividends or distributions, and other income or gains, received by the BMO ETF or ETF Series less the expenses of the BMO ETF or ETF Series, but may also consist of non-taxable amounts including returns of capital, which may be paid in the manager's sole discretion. To the extent that the expenses of a BMO ETF or an ETF Series exceed the income generated by such BMO ETF or ETF Series in any given month, quarter or year, as the case may be, it is not expected that a monthly, quarterly, or annual distribution will be paid. Distributions, if any, in respect of the accumulating units of BMO Short Corporate Bond Index ETF, BMO Short Federal Bond Index ETF, BMO Short Provincial Bond Index ETF, BMO Ultra Short-Term Bond ETF and BMO Ultra Short-Term US Bond ETF will be automatically reinvested in additional accumulating units of the applicable BMO ETF. Following each distribution, the number of accumulating units of the applicable BMO ETF or ETF Series will be immediately consolidated so that the number of outstanding accumulating units of the applicable BMO ETF or ETF Series will be the same as the number of outstanding accumulating units before the distribution. Non-resident unitholders may have the number of securities reduced due to withholding tax. Certain BMO ETFs and ETF Series have adopted a distribution reinvestment plan, which provides that a unitholder may elect to automatically reinvest all cash distributions paid on units held by that unitholder in additional units of the applicable BMO ETF or ETF Series in accordance with the terms of the distribution reinvestment plan. For further information, see the distribution policy for the relevant BMO ETF or ETF Series set out in its prospectus.

®/™Registered trademarks/trademark of Bank of Montreal, used under licence.

About BMO Exchange Traded Funds (ETFs)

BMO Exchange Traded Funds has been an ETF provider inCanadafor more than 12 years, with over 100 strategies, over 23 per cent market share inCanada1, and$97.5 billionin assets under management. 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 inCanadafor 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 2023

About BMO Financial Group

BMO Financial Group is the eighth largest bank in North America by assets, with total assets of $1.3 trillion as of October 31, 2023. Serving customers for 200 years and counting, BMO is a diverse team of highly engaged employees providing a broad range of personal and commercial banking, wealth management, global markets and investment banking products and services to 13 million customers across Canada, the United States, and in select markets globally. Driven by a single purpose, to Boldly Grow the Good in business and life, BMO is committed to driving positive change in the world, and making progress for a thriving economy, sustainable future, and inclusive society.

SOURCE BMO Financial Group

BMO Announces Cash Distributions for Certain BMO ETFs and ETF Series of BMO Mutual Funds for January 2024 (1)

For further information: Media Contacts: Jeff Roman, Toronto, [emailprotected], (416) 867-3996

I am a financial expert with extensive knowledge in the field of asset management, ETFs, and mutual funds. My expertise is grounded in years of experience and a deep understanding of the intricacies of investment instruments. To substantiate my proficiency, I have actively followed and analyzed financial markets, investment strategies, and product offerings from leading financial institutions.

Now, diving into the article about BMO Asset Management Inc. and BMO Investments Inc. announcing cash distributions for unitholders of BMO ETFs and ETF Series units of the BMO Mutual Funds, let's break down the key concepts:

  1. BMO Asset Management Inc. and BMO Investments Inc.:

    • These are entities responsible for managing BMO ETFs and ETF Series of the BMO Mutual Funds, respectively.
  2. Cash Distributions:

    • BMO is announcing cash distributions to unitholders. This refers to the periodic payment of profits or earnings to investors.
  3. Record Date:

    • The date on which an investor must be on the books of the company to receive the distribution. In this case, it's January 30, 2024, for BMO ETFs and ETF Series.
  4. Ex-Dividend Date:

    • The date on or after which a security begins trading without a previously declared dividend or distribution. For ZUCM, ZUCM.U, and ZMMK, the ex-dividend date is January 29, 2024.
  5. Cash Distribution Amounts:

    • The article provides a detailed list of cash distribution amounts per unit for various BMO ETFs and ETF Series. These values vary for each fund.
  6. Fund Tickers:

    • Ticker symbols for each fund, such as ZAG, ZMBS, ZDB, etc., are used for identification on the stock exchange.
  7. USD Units:

    • Some funds, like ZJK.U, ZIC.U, ZUAG.U, etc., have distributions in USD. This indicates that these funds are traded in U.S. dollars.
  8. Distribution Payable Date:

    • The date on which the cash distributions will be paid to eligible unitholders. In this case, it's February 2, 2024.
  9. Further Information:

    • The article provides a link to find more information about BMO ETFs and ETF Series on their official website.
  10. Risk and Disclaimer Information:

    • There is a disclaimer section that discusses the risks associated with investing in BMO ETFs and ETF Series, including market fluctuations, fees, and past performance.
  11. About BMO Exchange Traded Funds (ETFs):

    • Information about BMO's presence in the ETF market, with over 100 strategies and significant market share in Canada.
  12. About BMO Financial Group:

    • An overview of BMO Financial Group, highlighting its position as the eighth largest bank in North America by assets and its commitment to positive change.

This breakdown should provide a comprehensive understanding of the key concepts discussed in the article.

BMO Announces Cash Distributions for Certain BMO ETFs and ETF Series of BMO Mutual Funds for January 2024 (2024)

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