An anonymous director reports

BMO ANNOUNCES CASH DISTRIBUTIONS FOR CERTAIN BMO ETFS AND ETF SERIES OF BMO MUTUAL FUNDS FOR DECEMBER 2023

Bank of Montreal's 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 December, 2023, cash distributions for unitholders of BMO ETFs and unitholders of ETF series units of the BMO mutual funds that distribute monthly, quarterly and annually, as set out in attached tables. Unitholders of record of the BMO ETFs and ETF series at the close of business on Dec. 28, 2023, will receive cash distributions on Jan. 3, 2024.

Unitholders of record of BMO USD Cash Management ETF and the ETF series of BMO Money Market Fund at the close of business on Dec. 27, 2023, will receive cash distributions on Jan. 3, 2024.

The ex dividend date and the record date for BMO USD Cash Management and BMO Money Market are both Dec. 27, 2023.

Details of the per-unit cash distribution amounts are provided in attached tables.

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.