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BMO Investments Inc. Announces Management Fee Reduction for BMO Lifestage Plus Funds

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TORONTO, Dec. 8, 2021 /CNW/ - BMO Investments Inc. ("BMOII"), the manager of the BMO Mutual Funds, announced today a reduction in the annual management fee for the Series D units of BMO LifeStage Plus 2022 Fund, BMO LifeStage Plus 2025 Fund, BMO LifeStage Plus 2026 Fund and BMO LifeStage Plus 2030 Fund.

The annual management fee applicable to the Series D units of the funds will be reduced effective on January 1, 2022 as follows:

Fund

Units

Current Annual

Management
Fee

New Annual
Management
Fee

BMO LifeStage Plus 2022 Fund

Series D

0.85%

0.75%

BMO LifeStage Plus 2025 Fund

Series D

0.85%

0.75%

BMO LifeStage Plus 2026 Fund

Series D

0.85%

0.75%

BMO LifeStage Plus 2030 Fund

Series D

0.85%

0.75%

The trailing commission paid to registered dealers on the Series D units for these funds will also be eliminated effective January 1, 2022.

For more information about BMO Mutual Funds, please visit www.bmo.com/mutualfunds.

®/™Registered trademarks/trademark of Bank of Montreal, used under licence.

BMO Global Asset Management is a brand name that comprises BMO Asset Management Inc., BMO Investments Inc. and BMO Asset Management Corp.

BMO Mutual Funds are managed by BMO Investments Inc., which is an investment fund manager and a separate legal entity from Bank of Montreal.

Commissions, trailing commissions (if applicable), management fees and expenses all may be associated with mutual fund investments. Please read the fund facts or the simplified prospectus of the relevant mutual fund before investing. Mutual funds are not guaranteed, their values change frequently and past performance may not be repeated. Distributions are not guaranteed and are subject to change and/or elimination. For a summary of the risks of an investment in BMO Mutual Funds, please see the specific risks set out in the simplified prospectus.

About BMO LifeStage Plus Funds
BMO LifeStage Plus Funds are products designed to protect a customer's investment provided that the customer remains invested in a fund until its target end date. The BMO LifeStage Plus Funds are closed to new investors.

About BMO Financial Group
Serving customers for 200 years and counting, BMO is a highly diversified financial services provider - the 8th largest bank, by assets, in North America. With total assets of $988 billion as of October 31, 2021, and a team of diverse and highly engaged employees, BMO provides a broad range of personal and commercial banking, wealth management and investment banking products and services to more than 12 million customers and conducts business through three operating groups: Personal and Commercial Banking, BMO Wealth Management and BMO Capital Markets.

SOURCE BMO Financial Group

Cision
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View original content: http://www.newswire.ca/en/releases/archive/December2021/08/c7760.html

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