BMO Announces Cash Distributions for Certain BMO ETFs and ETF Series of BMO Mutual Funds for February 2024
TORONTO, Feb. 20, 2024 /CNW/ - BMO Asset Management Inc., as manager of the BMO ETFs, and BMO Investments Inc., as manager of the BMO Mutual Funds, today announced the February 2024 cash distributions for unitholders of BMO ETFs and unitholders of ETF Series units of the BMO Mutual Funds (ETF Series) that distribute monthly, as set out in the table below. Unitholders of record of the BMO ETFs and ETF Series at the close of business on February 28, 2024 will receive cash distributions payable on March 4, 2024.
Unitholders of record of BMO USD Cash Management ETF (TSX: ZUCM and ZUCM.U) and ETF Series of BMO Money Market Fund (TSX: ZMMK) at the close of business on February 27, 2024 will receive cash distributions payable on March 4, 2024.
The ex-dividend date and record date for ZUCM, ZUCM.U and ZMMK is February 27, 2024.
Details of the per unit cash distribution amount are as follows:
FUND NAME | FUND TICKER | CASH |
BMO Aggregate Bond Index ETF | ZAG | $0.040 |
BMO Canadian MBS Index ETF | ZMBS | $0.035 |
BMO Discount Bond Index ETF | ZDB | $0.030 |
BMO Emerging Markets Bond Hedged to CAD Index ETF | ZEF | $0.045 |
BMO Equal Weight Banks Index ETF | ZEB | $0.140 |
BMO Equal Weight REITs Index ETF | ZRE | $0.090 |
BMO Equal Weight Utilities Index ETF | ZUT | $0.075 |
BMO ESG High Yield US Corporate Bond Index ETF | ESGH | $0.110 |
BMO ESG High Yield US Corporate Bond Index ETF (Hedged Units) | ESGH.F | $0.100 |
BMO High Yield US Corporate Bond Hedged to CAD Index ETF | ZHY | $0.060 |
BMO High Yield US Corporate Bond Index ETF | ZJK | $0.090 |
BMO High Yield US Corporate Bond Index ETF (USD Units)* | ZJK.U | $0.085 |
BMO Laddered Preferred Share Index ETF | ZPR | $0.045 |
BMO Laddered Preferred Share Index ETF (USD Units)* | ZPR.U | $0.075 |
BMO Long Corporate Bond Index ETF | ZLC | $0.065 |
BMO Long Federal Bond Index ETF | ZFL | $0.040 |
BMO Long Provincial Bond Index ETF | ZPL | $0.045 |
BMO Mid Corporate Bond Index ETF | ZCM | $0.050 |
BMO Mid Federal Bond Index ETF | ZFM | $0.028 |
BMO Mid Provincial Bond Index ETF | ZMP | $0.034 |
BMO Mid-Term US IG Corporate Bond Hedged to CAD Index ETF | ZMU | $0.045 |
BMO Mid-Term US IG Corporate Bond Index ETF | ZIC | $0.055 |
BMO Mid-Term US IG Corporate Bond Index ETF (USD Units)* | ZIC.U | $0.042 |
BMO Real Return Bond Index ETF | ZRR | $0.060 |
BMO Short Corporate Bond Index ETF | ZCS | $0.038 |
BMO Short Federal Bond Index ETF | ZFS | $0.022 |
BMO Short Provincial Bond Index ETF | ZPS | $0.030 |
BMO Short-Term US IG Corporate Bond Hedged to CAD Index ETF | ZSU | $0.035 |
BMO US Aggregate Bond Index ETF | ZUAG | $0.050 |
BMO US Aggregate Bond Index ETF (Hedged Units) | ZUAG.F | $0.050 |
BMO US Aggregate Bond Index ETF (USD Units)* | ZUAG.U | $0.050 |
BMO US Preferred Share Hedged to CAD Index ETF | ZHP | $0.097 |
BMO US Preferred Share Index ETF | ZUP | $0.105 |
BMO US Preferred Share Index ETF (USD Units)* | ZUP.U | $0.105 |
BMO Balanced ETF (Fixed Percentage Distribution Units) | ZBAL.T | $0.135 |
BMO Canadian Banks Accelerator ETF | ZEBA | $0.126 |
BMO Canadian Dividend ETF | ZDV | $0.070 |
BMO Canadian High Dividend Covered Call ETF | ZWC | $0.100 |
BMO Covered Call Canadian Banks ETF | ZWB | $0.110 |
BMO Covered Call Canadian Banks ETF (USD Units)* | ZWB.U | $0.140 |
BMO Covered Call Dow Jones Industrial Average Hedged to CAD ETF | ZWA | $0.130 |
BMO Covered Call Energy ETF | ZWEN | $0.210 |
BMO Covered Call Health Care ETF | ZWHC | $0.160 |
BMO Covered Call Technology ETF | ZWT | $0.130 |
BMO Covered Call US Banks ETF | ZWK | $0.145 |
BMO Covered Call Utilities ETF | ZWU | $0.070 |
BMO Europe High Dividend Covered Call ETF | ZWP | $0.105 |
BMO Europe High Dividend Covered Call Hedged to CAD ETF | ZWE | $0.120 |
BMO Floating Rate High Yield ETF | ZFH | $0.105 |
BMO Global High Dividend Covered Call ETF | ZWG | $0.175 |
BMO Growth ETF (Fixed Percentage Distribution Units) | ZGRO.T | $0.150 |
BMO International Dividend ETF | ZDI | $0.080 |
BMO International Dividend Hedged to CAD ETF | ZDH | $0.090 |
BMO Monthly Income ETF | ZMI | $0.070 |
BMO Monthly Income ETF (USD Units)* | ZMI.U | $0.120 |
BMO Premium Yield ETF | ZPAY | $0.160 |
BMO Premium Yield ETF (Hedged Units) | ZPAY.F | $0.155 |
BMO Premium Yield ETF (USD Units)* | ZPAY.U | $0.160 |
BMO Ultra Short-Term Bond ETF | ZST | $0.210 |
BMO Ultra Short-Term US Bond ETF (USD Units)* | ZUS.U | $0.205 |
BMO USD Cash Management ETF | ZUCM | $0.136 |
BMO USD Cash Management ETF (USD Units)* | ZUCM.U | $0.135 |
BMO US Dividend ETF | ZDY | $0.080 |
BMO US Dividend ETF (USD Units)* | ZDY.U | $0.060 |
BMO US Dividend Hedged to CAD ETF | ZUD | $0.055 |
BMO US High Dividend Covered Call ETF | ZWH | $0.100 |
BMO US High Dividend Covered Call ETF (USD Units)* | ZWH.U | $0.105 |
BMO US High Dividend Covered Call Hedged to CAD ETF | ZWS | $0.090 |
BMO US Put Write ETF | ZPW | $0.125 |
BMO US Put Write ETF (USD Units)* | ZPW.U | $0.125 |
BMO US Put Write Hedged to CAD ETF | ZPH | $0.120 |
BMO Global Enhanced Income Fund (ETF Series) | ZWQT | $0.085 |
BMO Global Dividend Opportunities Fund (Active ETF Series) | BGDV | $0.034 |
BMO Global REIT Fund (Active ETF Series) | BGRT | $0.055 |
BMO Money Market Fund (ETF Series) | ZMMK | $0.215 |
*Cash distribution per unit ($) amounts are USD for ZJK.U, ZPR.U, ZIC.U, ZUAG.U, ZUP.U, ZWB.U, ZMI.U, ZPAY.U, ZUS.U, ZUCM.U, ZDY.U, ZWH.U, and ZPW.U.
Further information about BMO ETFs and ETF Series of the BMO Mutual Funds can be found at www.bmo.com/etfs.
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 Inc., 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 Inc., 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 gains 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.
Cash distributions, if any, on units of a BMO ETF or an ETF Series (other than accumulating units or units subject to a distribution reinvestment plan) are expected to be paid primarily out of dividends or distributions, and other income or gains, received by the BMO ETF or ETF Series less the expenses of the BMO ETF or ETF Series, but may also consist of non-taxable amounts including returns of capital, which may be paid in the manager's sole discretion. To the extent that the expenses of a BMO ETF or an ETF Series exceed the income generated by such BMO ETF or ETF Series in any given month, quarter or year, as the case may be, it is not expected that a monthly, quarterly, or annual distribution will be paid. Distributions, if any, in respect of the accumulating units of BMO Short Corporate Bond Index ETF, BMO Short Federal Bond Index ETF, BMO Short Provincial Bond Index ETF, BMO Ultra Short-Term Bond ETF and BMO Ultra Short-Term US Bond ETF will be automatically reinvested in additional accumulating units of the applicable BMO ETF. Following each distribution, the number of accumulating units of the applicable BMO ETF or ETF Series will be immediately consolidated so that the number of outstanding accumulating units of the applicable BMO ETF or ETF Series will be the same as the number of outstanding accumulating units before the distribution. Non-resident unitholders may have the number of securities reduced due to withholding tax. Certain BMO ETFs and ETF Series have adopted a distribution reinvestment plan, which provides that a unitholder may elect to automatically reinvest all cash distributions paid on units held by that unitholder in additional units of the applicable BMO ETF or ETF Series in accordance with the terms of the distribution reinvestment plan. For further information, see the distribution policy for the relevant BMO ETF or ETF Series set out in its prospectus.
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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 23 per cent market share in Canada1, and $97.5 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.
1Morningstar, December 2023
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
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