Mr. Jeff Roman reports

BMO ANNOUNCES CASH AND REINVESTED DISTRIBUTIONS FOR CERTAIN BMO ETFS AND ETF SERIES OF BMO MUTUAL FUNDS FOR JUNE 2024

BMO Asset Management Inc., as manager of the BMO exchange-traded funds, and BMO Investments Inc., as manager of the BMO mutual funds, have declared the June, 2024, cash and reinvested distributions for unitholders of BMO ETFs and unitholders of ETF series units of the BMO mutual funds that distribute monthly and quarterly, as set out in the attached tables. Unitholders of record of the BMO ETFs and ETF series at the close of business on June 27, 2024, will receive cash or reinvested distributions payable on July 3, 2024.

The ex dividend date and record date for all BMO ETFs and ETF series of BMO mutual funds are June 27, 2024.

Details of the per-unit cash distribution amount are set out herein.

Quarterly distributions -- automatically reinvested

The quarterly cash distributions are distributed and automatically reinvested in additional accumulating units of the applicable BMO ETF, which are consolidated immediately.

Commissions, management fees and expenses all may be associated with investments in BMO ETFs and ETF series of the BMO mutual funds. Please read the ETF facts or prospectus of the relevant BMO ETF or ETF series before investing. BMO ETFs and ETF series are not guaranteed, their values change frequently, and past performance may not be repeated.

For a summary of the risks of an investment in the BMO ETFs or ETF series of the BMO mutual funds, please see the specific risks set out in the prospectus. BMO ETFs and ETF series trade like stocks, fluctuate in market value and may trade at a discount to their net asset value, which may increase the risk of loss.

BMO ETFs are managed by BMO Asset Management, which is an investment fund manager and a portfolio manager, and a separate legal entity from Bank of Montreal. ETF series of the BMO mutual funds are managed by BMO Investments, which is an investment fund manager and a separate legal entity from Bank of Montreal.

Distributions are not guaranteed and may fluctuate. Distribution rates may change without notice (up or down) depending on market conditions. The payment of distributions should not be confused with an investment fund's performance, rate of return or yield. If distributions paid by an investment fund are greater than the performance of the fund, your original investment will shrink. Distributions paid as a result of capital gains realized by an investment fund, and income and dividends earned by an investment fund, are taxable in your hands in the year they are paid. Your adjusted cost base will be reduced by the amount of any returns of capital. If your adjusted cost base goes below zero, you will have to pay capital gain tax on the amount below zero. Please refer to the distribution policy for the relevant BMO ETF or ETF series set out in its prospectus.

About BMO Exchange Traded Funds

BMO Exchange Traded Funds has been an ETF provider in Canada for 15 years, with over 100 strategies, over 22-per-cent market share in Canada and $107-billion in assets under management (1). BMO ETFs are designed to stay ahead of market trends and provide compelling solutions to help advisers and investors. This includes a comprehensive suite of ETFs developed in Canada for Canadians, such as cost-effective core equity ETFs following market-leading indexes and a broad range of fixed-income ETFs; solution-based ETFs responding to client demand; and innovation with smart beta ETFs, as well as combining active and passive investing with ETF series of active mutual funds.

(1) Morningstar, May, 2024.

About BMO Financial Group

BMO Financial Group is the eighth-largest bank in North America by assets, with total assets of $1.4-trillion as of April 30, 2024. Serving customers for 200 years and counting, BMO is a diverse team of highly engaged employees providing a broad range of personal and commercial banking, wealth management, global markets, and investment banking products and services to 13 million customers across Canada, across the United States and in select markets globally. Driven by a single purpose, "to boldly grow the good in business and life," BMO is committed to driving positive change in the world and making progress for a thriving economy, sustainable future and inclusive society.