BMO Investments Inc. Receives Unitholder Approval for Objective Changes to Certain Mutual Funds

TORONTO, ONTARIO -- (Marketwired) -- 07/16/13 -- BMO Investments Inc. received unitholder approval today to proceed with the investment objective changes to BMO Floating Rate Income Fund, BMO U.S. Dollar Equity Index Fund and BMO Global Science & Technology Fund announced on May 21, 2013.

The following investment objective changes have been approved:

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                        BMO Floating Rate Income Fund
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Current Investment Objective          New Investment Objective
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This fund's objective is to generate  This fund's objective is to generate a
 a high level of interest income that high level of current income by
 will fluctuate in line with short-   investing primarily in floating rate
 term interest rates with a duration  loans and other floating rate debt
 of less than 365 days by investing   securities issued by domestic and
 primarily in high yield bonds and    foreign companies.
 debentures issued by Canadian
 governments and corporations, U.S.
 dollar Canadian corporate bonds,
 U.S. corporate bonds, U.S. and
 Canadian debentures, convertible
 debentures and income trusts.
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                      BMO U.S. Dollar Equity Index Fund
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Current Investment Objective          New Investment Objective
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This fund's objective is to track the The fund's objective is to provide a
 performance of the Standard & Poor's return that is similar to the return
 500 Total Return Index (S&P 500      of the Standard & Poor's 500 Total
 Index).                              Return Index (S&P 500 Index). The fund
                                      may invest all or a portion of its
As part of this fund's investment     assets in one or more exchange traded
 objective, it invests primarily in:  funds, invest directly in the
                                      underlying securities represented in
- U.S. treasury bills and other high  the S&P 500 Index or use derivatives
 quality U.S. money market            such as options, futures, and forward
 instruments                          contracts that are based on the S&P
                                      500 Index.
- Options, futures, and forward
 contracts that are based on the S&P
 500 Index

It may also invest in:

- Securities that are included in the
 S&P 500 Index

- Standard & Poor's depository
 receipts and other instruments that
 approximate the return of the S&P
 500 Index
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                    BMO Global Science & Technology Fund
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Current Investment Objective          New Investment Objective
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The fund's objective is to increase   The fund's objective is to achieve a
 the value of your investment over    high level of total return from the
 the long term by investing in        value of your investment, including
 science and technology companies     dividend income and capital gains, by
 around the world.                    investing primarily in dividend
                                      yielding common and preferred shares
                                      of companies from around the world.

                                      As part of its investment objectives,
                                      the fund invests primarily in equities
                                      of companies that trade on recognized
                                      stock exchanges in countries around
                                      the world.
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As a result of the investment objective changes:

--  BMO Asset Management Inc. (BMOAM) will replace BMO Asset Management
    Corp., the current portfolio manager of BMO U.S. Dollar Equity Index
    Fund. Also, the investment strategies of this fund will be changed to
    reflect the investment style of BMOAM.

--  Guardian Capital LP (Guardian Capital) will replace BMO Asset Management
    Corp., the current portfolio manager of BMO Global Science & Technology
    Fund, and the name of the fund will change to BMO Global Dividend Fund.
    The investment strategies of this fund will also change to reflect the
    investment style of Guardian Capital.

Additionally, the risk rating for the newly renamed BMO Global Dividend Fund's will change from medium-to-high to low-to-medium. Because the investment objectives and strategies of this fund are new, the risk rating is only an estimate by BMO Investments Inc.

All changes are expected to be effective on or about July 19, 2013.

About BMO Investments Inc.

BMO Investments Inc. is a member of BMO Financial Group and part of the organization's Private Client Group ("PCG"). PCG, BMO's group of wealth management businesses, serves a full range of client segments from mainstream to ultra-high net worth and institutional, with a broad offering of wealth management products and solutions including insurance products. PCG operates in both Canada and the United States, as well as in Asia and Europe and had total assets under management and administration of $522 billion as at April 30, 2013.

BMO Mutual Funds are offered by BMO Investments Inc., a financial services firm and separate legal entity from Bank of Montreal.

Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments. Please read the prospectus of the mutual fund before investing. Mutual funds are not guaranteed, their values change frequently and past performance may not be repeated.

Contacts:
Media contacts:
Amanda Robinson, Toronto
[phone]
[e-mail]

Valerie Doucet, Montreal
[phone]
[e-mail]

Laurie Grant, Vancouver
[phone]
[e-mail]