Bank of Montreal Announces Quarterly Coupon Amount for the BMO Elkhorn DWA MLP Select™ Index ETN

NEW YORK and TORONTO, March 16, 2017 /CNW/ - Bank of Montreal announced today the quarterly coupon amount for the BMO Elkhorn DWA MLP Select^TM Index Exchange Traded Notes due December 10, 2036 (NASDAQ:BMLP) (the "Notes"). The table below summarizes the coupon amount for the Notes.

Coupon Valuation Date		Coupon Ex-Date		Coupon Record Date		Coupon Payment Date		Coupon Amount per Note		Current Yield^1
March 15, 2017		March 24, 2017*		March 28, 2017		April 5, 2017		$0.776398		5.73%

*Updated on 3/17/17 to reflect correct coupon ex- date

1) "Current Yield" equals the current Coupon Amount annualized and divided by the closing price of the Notes on the Coupon Valuation Date, and rounded to two decimal places for ease of analysis. The Current Yield is not indicative of future coupon payments, if any, on the Notes.  You are not guaranteed any coupon or distribution amount under the Notes.

The Notes are senior, unsecured obligations of Bank of Montreal.

Investment suitability must be determined individually for each investor, and the Notes may not be suitable for all investors. This information is not intended to provide and should not be relied upon as providing accounting, legal, regulatory or tax advice.

Investors should consult with their own financial advisors as to these matters.

Bank of Montreal, the issuer of the Notes, has filed a registration statement (including a pricing supplement, prospectus supplement and prospectus) with the SEC about the offering to which this free writing prospectus relates. Before you invest, you should read those documents and the other documents relating to this offering that Bank of Montreal has filed with the SEC for more complete information about Bank of Montreal and this offering. You may obtain these documents without cost by visiting EDGAR on the SEC Website at www.sec.gov. Alternatively, Bank of Montreal, any agent or any dealer participating in this offering will arrange to send you the pricing supplement, the prospectus supplement and the prospectus if you so request by calling toll-free at 1-877-369-5412.

About BMO Financial Group
Established in 1817, and currently marking its 200th year of operations, BMO Financial Group is a highly diversified financial services provider based in North America. With total assets of $692 billion as of January 31, 2017, and more than 45,000 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, Wealth Management and BMO Capital Markets.

Media Contacts:
Pav Jordan, Toronto
[phone]
[email protected]

Mallory Micetich, New York
(212)-885-4158
[email protected]

Internet: www.bmo.com
Twitter: @BMOMedia

SOURCE BMO Financial Group

Media Contacts: Pav Jordan, Toronto, [phone], [email protected]; Mallory Micetich, New York, (212)-885-4158, [email protected]

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