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



    TORONTO, Oct. 10 /CNW/ - 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(xx). 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.

    
    (*) 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.

    (xx) 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.
    





For further information:

For further information: 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; Internet: www.bmo.com


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