BMO Investments Inc. Receives Shareholder Approval to Proceed with Mutual Fund Merger

    TORONTO, May 5 /CNW/ - BMO Investments Inc. today announced that, at
shareholders meetings held earlier today, it received approval to proceed with
the merger of the BMO U.S. Equity Class Fund into the BMO Global Dividend
Class Fund.
    "As a result of this merger, shareholders of BMO U.S. Equity Class will
now have the potential to achieve greater geographic and portfolio
diversification by investing in dividend-paying equity securities of global
issuers," said Linda Knight, President and COO, BMO Investments Inc.
"Investors are increasingly looking outside of North America for opportunities
to participate in the stability and growth potential of large-cap blue chip
firms," said Knight. The investment objective of BMO Global Dividend Class is
to achieve a high level of total return, including dividend income and capital
gains, by investing in dividend-yielding common and preferred shares from
around the world.
    The merger will be effective on or about May 9, 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
$283 billion as at January 31, 2008.

For further information:

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

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