TORONTO, ONTARIO -- (Marketwired) -- 06/17/13 -- BMO Investments Inc. (BMOII), the manager of BMO Mutual Funds, today announces that the shareholders of BMO Global Tax Advantage Funds Inc. (GTAF) approved the continuance of GTAF to Ontario under the Ontario Business Corporations Act. The continuance was approved at the special meeting of GTAF's shareholders on June 17, 2013 by 93.97% of the votes cast. BMOII anticipates that the continuance will be completed in June, 2013.
The resolution set out at Schedule A-2 of the Management Information Circular to amend the articles of incorporation of GTAF was withdrawn before the meeting.
BMOII also announces its intention to allow BMO Canadian Large Cap Equity Fund (the Fund) to begin using derivatives as part of the Fund's investment strategies on or after September 15, 2013, following 60 days' notice to its unitholders. Derivative instruments may be used to protect the Fund against potential losses, to reduce the impact of volatility on the Fund or to gain exposure to securities without buying the securities directly. The Fund will only use derivatives as permitted by Canadian securities regulators, and only if their use is consistent with the Fund's investment objectives.
For more information on BMO Mutual Funds, please visit www.bmo.com/mutualfunds.
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 individuals and institutions, 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 $479 billion as at January 31, 2013.
About BMO Global Tax Advantage Funds Inc.
BMO Global Tax Advantage Funds Inc. is a mutual fund corporation and separate legal entity from BMO Investments Inc. Each class of shares of BMO Global Tax Advantage Funds Inc. is offered by BMO Investments Inc. as a separate BMO Mutual Fund.
BMO Mutual Funds, which include classes of shares of BMO Global Tax Advantage Funds Inc., 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.
Amanda Robinson, Toronto
Valerie Doucet, Montreal
Laurie Grant, Vancouver
Most Popular Stories
- National Retail Federation Reduces Sales Forecast
- Hispanic Leader Goes the Extra Mile
- Xavier Gutierrez Appointed to Bank Board
- Long-term Strengths Emerge in U.S. Economy
- Honda' s Accord Plug-in Hybrid Is a Fuel Miser
- Morgan Stanley Ponies Up $275 Million to Settle SEC Charges
- Weekly Jobless Claims Drop to Lowest Level in 8 Years
- Stop-Start Engines Save Gas, Reduce Emissions
- Naya Rivera and Ryan Dorsey Are Married
- Menendez: No Arms for Iraq Without Intel