BMO Harris Private Banking Announces Changes to Three BMO Harris Private Portfolios



    TORONTO, June 24 /CNW/ - BMO Harris Investment Management Inc. (BMO
Harris), the investment management arm of BMO Harris Private Banking, today
announced proposed changes to the BMO Harris Canadian Dividend Income
Portfolio, the BMO Harris Opportunity Bond Portfolio and the BMO Harris Income
Opportunity Bond Portfolio to be effective on or about September 25, 2009. BMO
Harris delivers discretionary investment management solutions to high net
worth individuals and families that include allocations to multiple assets
classes, across geographies and investment styles.
    As part of an approach to refocus select investment strategies on BMO
Harris' investment platform:

    
    -   The BMO Harris Canadian Dividend Income Portfolio will be merged into
        the BMO Harris Canadian Income Equity Portfolio
    -   It is proposed that the BMO Harris Opportunity Bond Portfolio be
        merged into the BMO Harris Canadian Total Return Bond Portfolio
    -   It is proposed that the BMO Harris Income Opportunity Bond Portfolio
        be merged into the BMO Harris Canadian Bond Income Portfolio.
    

    Neither regulatory approval nor investor approval is required for the
merger involving the BMO Harris Canadian Dividend Income Portfolio. The
manager will seek regulatory approval for the proposed mergers involving the
BMO Harris Opportunity Bond Portfolio and the BMO Harris Income Opportunity
Bond Portfolio. In the event investor approval is also required for these
proposed mergers, such approval will be sought at special meetings to be held
on or about September 24, 2009.
    When the mergers are implemented, holders of units of the BMO Harris
Canadian Dividend Income Portfolio will receive units of the BMO Harris
Canadian Income Equity Portfolio, holders of units of the BMO Harris
Opportunity Bond Portfolio will receive units of the BMO Harris Canadian Total
Return Bond Portfolio and holders of units of the BMO Harris Income
Opportunity Bond Portfolio will receive units of the BMO Harris Canadian Bond
Income Portfolio.
    The independent review committee of the BMO Harris Canadian Dividend
Income Portfolio, the BMO Harris Opportunity Bond Portfolio and the BMO Harris
Income Opportunity Bond Portfolio has determined that the mergers achieve a
fair and reasonable result for each of the portfolios and has provided its
approval in respect of each of the mergers.

    About BMO Harris Private Banking

    BMO Harris Private Banking serves the needs of high net worth clients and
their families and helps them deal with a wide range of complex financial
issues, providing comprehensive wealth management expertise. The bank's team
of professionals is comprised of leading specialists in a variety of
disciplines including banking, investment management, estate, trust and
various family office services such as philanthropic and business succession
planning. BMO Harris Private Banking is part of BMO Financial Group'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 $273 billion as at April 30, 2009.





For further information:

For further information: Orli Namian, Toronto, orli.namian@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


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