BMO Announces Final Valuations and Declares Final Distributions on Units of Five Terminated BMO Exchange Traded Funds

TORONTO, Dec. 15, 2023 /CNW/ – BMO Asset Management Inc. (the “Manager”), today announced the final net asset values for each of BMO MSCI Fintech Innovation Index ETF (TSX: ZFIN), BMO MSCI Genomic Innovation Index ETF (TSX: ZGEN), BMO MSCI Innovation Index ETF (TSX: ZINN), BMO MSCI Next Gen Internet Innovation Index ETF (TSX: ZINT) and BMO MSCI Tech & Industrial Innovation Index ETF (TSX: ZAUT).

On September 29, 2023, the Manager pre-announced the termination of ZFIN, ZGEN, ZINN, ZINT and ZAUT (collectively, the “ETFs”). Effective close of business December 15, 2023, each of the ETFs was terminated. The units of each of the ETFs were de-listed, at the request of the Manager, from the Toronto Stock Exchange effective close of business on December 11, 2023.

At the time of termination, each ETF’s property remaining after paying or providing for the relevant ETF’s liabilities and obligations will be distributed on a pro rata basis among the ETF’s unitholders based on the final net asset value (“Final NAV”) per unit of the ETF that is held by such unitholders. In addition, immediately before the time of termination, unitholders of each of the ETFs will receive a final distribution (“Final Distribution”).

The Final NAV per unit of each of the ETFs and the Final Distribution of each of the ETFs will be as follows:

The Final Distribution on the units of each of the ETFs will be automatically reinvested at a price equal to the Final NAV per unit of the applicable ETF and consolidated such that the number of units outstanding following the Final Distribution will equal the number of units outstanding immediately prior to the Final Distribution.

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

The BMO ETFs or securities referred to herein are not sponsored, endorsed or promoted by MSCI Inc. (“MSCI”), and MSCI bears no liability with respect to any such BMO ETFs or securities or any index on which such BMO ETFs or securities are based. The prospectus of the BMO ETFs contains a more detailed description of the limited relationship MSCI has with the Manager and any related BMO ETFs.

BMO ETFs are managed by BMO Asset Management Inc., which is an investment fund manager and a portfolio manager, and a separate legal entity from Bank of Montreal.

®/™Registered trademarks/trademark of Bank of Montreal, used under licence.

Further information can be found at BMO ETF Centre.

About BMO Exchange Traded Funds (ETFs)
BMO Exchange Traded Funds has been an ETF provider in Canada for more than 12 years, with over 100 strategies, over 25 per cent market share in Canada1, and $87.7 billion in assets under management. BMO ETFs are designed to stay ahead of market trends and provide compelling solutions to help advisors 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, December 2022

About BMO Financial Group
BMO Financial Group is the eighth largest bank in North America by assets, with total assets of $1.3 trillion as of October 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, 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.

SOURCE BMO Financial Group