The Special Meeting will be held in Toronto at 10a.m. ET on March 28, 2013. Details of the proposed changes will be outlined in a joint management information circular, which will be prepared and delivered to unitholders of record as of February 22, 2013. Implementation of the changes will also be subject to acceptance by the Toronto Stock Exchange.
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If the change to the investment objective of each of the BMO ETFs is approved, BMO Asset Management expects that the transition to the proposed new investment objectives will be fully implemented on or about April 1, 2013, and no later than June 30, 2013.
Provided that the approval of unitholders is obtained, BMO Asset Management will also update the investment strategies and expects to change the name of each of the BMO ETFs. It is expected that the ticker symbols for BMO International Equity Hedged to CAD Index ETF and BMO Emerging Markets Equity Index ETF will remain the same.
If the above changes are approved, BMO Asset Management also expects to lower the maximum annual management fee for BMO International Equity Hedged to CAD Index ETF to 0.350 per cent and for BMO Emerging Markets Equity Index ETF to 0.450 per cent.
The BMO ETFs are managed and administered by BMO Asset Management, a portfolio manager, investment fund manager and a separate legal entity from Bank of Montreal. Further information about BMO ETFs can be found at www.bmo.com/etfs.
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By GlobalDataCommissions, management fees and expenses all may be associated with investments in exchange traded funds. Please read the prospectus before investing. Exchange traded funds are not guaranteed, their values change frequently and past performance may not be repeated.
The funds or securities referred to herein are not sponsored, endorsed, or promoted by MSCI, and MSCI bears no liability with respect to any such funds or securities or any index on which such funds or securities are based. The prospectus contains a more detailed description of the limited relationship MSCI has with BMO Asset Management and any related funds.
