BMO Investments Inc. Announces Changes to its Mutual Funds Line-Up

    TORONTO, June 18 /CNW/ - BMO Investments Inc. today announced proposed
changes to the BMO Income Trust Fund and BMO International Equity Fund to be
effective on or about July 31, 2009.

    BMO Income Trust Fund

    Subject to unitholder approval, the investment objectives of BMO Income
Trust Fund will change to allow the fund to invest primarily in companies that
operate in, or are expected to benefit from, infrastructure-related businesses
from around the world. If the change to investment objectives, along with
proposed changes to the management and administration fees, of this fund are
approved, the investment strategies and distribution policy for this fund will
be revised to reflect the new objectives. In addition, the portfolio manager
of the fund will change from Guardian Capital LP to Macquarie Capital
Investment Management LLC, and the fund's name will change to "BMO Global
Infrastructure Fund" to reflect the above changes. A meeting of unitholders of
this fund will be held on or about July 30, 2009.

    BMO International Equity Fund

    Subject to unitholder approval, BMO International Equity Fund will be
merged into BMO International Value Class. BMO International Value Class is a
class of special shares of BMO Global Tax Advantage Funds Inc. Units of BMO
International Equity Fund will continue to be available for sale until the
close of business on July 24, 2009, at which time new purchases into the fund
will cease, except under a continuous savings plan or similar systemic plan
established prior to July 24, 2009. If the proposed merger is approved,
unitholders of the BMO International Equity Fund will receive shares of BMO
International Value Class. The Independent Review Committee of each of BMO
International Equity Fund and BMO International Value Class has determined
that the proposed merger achieves a fair and reasonable result for each of
these funds. A meeting of securityholders of both funds will be held on or
about July 30, 2009.

    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 $273
billion as at April 30, 2009.

For further information:

For further information: Media Contacts: Paul Gammal, Toronto,, (416) 867-3996; Lucie Gosselin, Montréal,, (514) 877-1101; Laurie Grant, Vancouver,, (604) 665-7596; Internet:

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