BMO alters its mutual fund line-up

BMO Investments has changed its Guardian Mutual Funds line-up.

It will no longer accept purchase orders for the BMO Guardian European Fund Series T5 or BMO Guardian Global Infrastructure Fund Series T5. In addition, the company will terminate both of the series because they’re too small to be economically viable, effective March 28, 2013.

In light of these changes, investors holding Series T5 units have several options:

• They may continue to hold the units until the termination date when the units will be redesignated as advisor series units
• They can switch their Series T5 units for those of another guardian mutual fund
• Or they can choose to redeem their units entirely and receive redemption proceeds in the normal course.

Also, BMO Investments won’t accept purchase orders for the following products: BMO Guardian American Equity Class Series H; BMO Guardian Global Infrastructure Fund Series F; and F5 Class units of BMO Guardian Canadian Diversified Monthly Income Fund.

Staff

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