An anonymous director reports

BMO ANNOUNCES ANNUAL REINVESTED DISTRIBUTIONS FOR BMO EXCHANGE TRADED FUNDS AND ETF SERIES

Bank of Montreal's BMO Global Asset Management has declared the 2023 annual reinvested distributions for BMO exchange-traded funds and the ETF series of the BMO mutual funds. These annual reinvested distributions generally represent realized capital gains and special income within the BMO ETFs and ETF series, and are paid to unitholders, as required, to ensure that the BMO ETFs and ETF series are not liable for ordinary income tax.

Unitholders of record at close of business on Dec. 28, 2023, will receive the 2023 annual reinvested distributions. The actual taxable amounts, including the tax characteristics, will be reported in 2024.

Please note that the cash distributions will be reported separately and may be applicable to some BMO ETFs and/or ETF series making annual reinvested distributions.

Details of the per-unit annual reinvested distribution amounts are provided in an attached table.

About Bank of Montreal

BMO is the eighth-largest bank in North America by assets, with total assets of $1.3-trillion as of Oct. 31, 2023. 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 and 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.