BMO Financial Group Announces Quarterly Cash Distributions for BMO Exchange
Traded Funds (ETFs)

TORONTO , Dec. 23 /CNW/ - BMO Financial Group announces today the final fourth quarter 2009 cash distributions for BMO Exchange Traded Funds (ETFs)*. Unitholders of record on December 30, 2009 will receive cash distributions payable on January 12, 2010 . Details of the "per unit" distribution amounts are as follows:

    
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                                                                    Cash
    BMO Exchange Traded Fund                           Ticker   Distribution
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    BMO Canadian Government Bond Index ETF               ZGB      0.120754
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    BMO Dow Jones Canada Titans 60 Index ETF             ZCN      0.104795
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    BMO US Equity Hedged to CAD Index ETF                ZUE      0.095916
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    BMO Dow Jones Industrial Average Hedged              ZDJ      0.081454
     to CAD Index ETF
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    BMO Short Federal Bond Index ETF                     ZFS      0.071982
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    BMO Short Provincial Bond Index ETF                  ZPS      0.077171
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    BMO Short Corporate Bond Index ETF                   ZCS      0.093352
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    BMO High Yield US Corporate Bond Hedged to CAD ETF   ZHY      0.254455
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    BMO S&P/TSX Equal Weight Banks Index ETF             ZEB      0.047112
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    BMO S&P/TSX Equal Weight Oil & Gas Index ETF         ZEO      0.082488
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    BMO International Equity Hedged to CAD Index ETF     ZDM      0.107798
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    BMO Emerging Markets Equity Index ETF                ZEM      0.158148
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    BMO S&P/TSX Equal Weight Global Base Metals Hedged   ZMT          -
     to CAD Index ETF
    -------------------------------------------------------------------------

    BMO ETF Products (www.bmo.com/etfs)

    * BMO ETFs are managed and administered by Jones Heward Investment
        Counsel Inc., a wholly-owned indirect subsidiary of Bank of Montreal.
    

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 $388 billion as at October 31, 2009 , and more than 36,000 employees, BMO provides a broad range of retail banking, wealth management and investment banking products and solutions.

"Dow Jones," "Dow Jones Industrial Average", "Dow Jones Canada Titans 60", "DIAMONDS" and "Titans" are service marks of Dow Jones & Company, Inc. and have been licensed for use for certain purposes. The BMO ETFs based on Dow Jones' indexes are not sponsored, endorsed, sold or promoted by Dow Jones, and Dow Jones makes no representation regarding the advisability of trading in such ETFs.

Standard & Poor's(R) and S&P(R) are registered trademarks of Standard & Poor's Financial Services LLC ("S&P") and "TSX" is a trademark of Toronto Stock Exchange. These trademarks have been licensed for use by BMO. The BMO ETF is not sponsored, endorsed, sold or promoted by S&P or Toronto Stock Exchange, and S&P and Toronto Stock Exchange make no representation, warranty or condition regarding the advisability of buying, selling or holding units/shares in the BMO ETF.

For further information: Media Contacts: Kasia Lech, Toronto, [email protected], [phone]; Ronald Monet, Montréal, [email protected], [phone]; Laurie Grant, Vancouver, [email protected], [phone]; Internet: www.bmo.com