BMO Dividend Fund receives top honours at 2009 Lipper Awards
TORONTO, April 29 /CNW/ - At a ceremony in Toronto Tuesday evening, BMO
Dividend Fund was presented with the 2009 Lipper Award for best fund over ten
years in the Canadian Dividend & Equity Income.
The Lipper Fund Awards program highlights funds that have excelled in
delivering consistently strong risk-adjusted performance relative to peers.
Awards are presented to funds in 21 countries in Asia, Europe, and the
"BMO is honoured to receive this prestigious award," said Linda Knight,
President of BMO Mutual Funds. "Our focus has always been to provide our
clients with investment products that will help them achieve their long-term
investment goals while providing prudent risk management."
The BMO Dividend Fund's objective is to achieve a high level of after-tax
return, including dividend income and capital gains, from growth in the value
of your investment by investing primarily in dividend-yielding common shares
of established Canadian companies.
"A long term, income producing, risk adverse approach to investing is a
sound investment strategy," said Michael Stanley, President and CEO, Chief
Investment Officer at Jones Heward Investment Counsel Inc., the manager of the
Fund. "We adhere to this investment strategy for BMO Dividend Fund, and I
think the results speak for themselves with this award."
BMO Mutual Funds are offered by BMO Investments Inc. which 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 $283 billion as at January 31, 2009
About BMO Financial Group:
Established in 1817 as Bank of Montreal, BMO Financial Group is a highly
diversified North American financial services organization. With total assets
of USD$361MM as at January 31, 2009, and 37,000 employees, BMO provides a
broad range of retail banking, wealth management and investment banking
products and solutions. BMO Financial Group serves clients across Canada
through its Canadian retail arm, BMO Bank of Montreal, and through its wealth
management firms BMO Nesbitt Burns, BMO InvestorLine and BMO Harris Private
Banking. BMO Capital Markets, our North American investment and corporate
banking division, provides a full suite of financial products and services to
our North American and international clients. BMO also serves personal and
commercial clients in the United States through Chicago-based Harris, an
integrated financial services organization that provides more than one million
personal and business clients with banking, lending, investing, financial
planning, trust administration, portfolio management, family office and wealth
For further information:
For further information: Paul Gammal, BMO Financial Group, (416)