BMO Investments Inc. Announces Amalgamation with Guardian Group of Funds Ltd.

TORONTO – It was announced today that, effective on or about November 1, 2009, BMO Investments Inc. and Guardian Group of Funds Ltd. are expected to amalgamate to form a single legal entity. BMO Investments Inc. will become the trustee and manager of all BMO Guardian Funds currently managed by Guardian Group of Funds Ltd. and will continue to act as trustee and manager of the BMO Mutual Funds. BMO Investments Inc. is an affiliate of Guardian Group of Funds Ltd.

This change will allow the two fund families, BMO Mutual Funds and BMO Guardian Funds, to operate within a more streamlined organizational structure and will provide administrative and cost benefits.

BMO Guardian Funds
BMO Guardian Funds is a diversified family of funds and includes a broad range of domestic and global investment options covering a full array of asset classes, sectors, regions and specialized mandates. BMO Guardian Funds are currently offered by Guardian Group of Funds Ltd., which is a member of BMO Financial Group and part of the organization’s Private Client Group.

BMO Mutual Funds
BMO Mutual Funds are offered by BMO Investments Inc., which is a member of the BMO Financial Group and part of the organization’s Private Client Group. The Private Client Group provides integrated wealth management services in Canada and the United States and had total assets under management and administration and term investments of $273 billion as at April 30, 2009.