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Distribution Reinvestment Program

BMO ETF Distribution Reinvestment Plan (DRIP)

All cash distributions paid on BMO ETFs are eligible for reinvestment into additional Units of the fund through the Distribution Reinvestment Plan (DRIP).

The benefits of the DRIP include the ability to purchase units without paying commissions and can help decrease uninvested cash balances.

DRIPs may be a beneficial option for investors looking to increase their units of a Fund over time in a more cost effective manner by both minimizing commission costs and taking advantage of the benefits of dollar cost averaging.

The key facts regarding BMO ETF DRIP

  • BMO ETF units for the DRIP will be purchased on the exchange through a purchasing agent.
  • The reinvestment of the distributions will not relieve Unitholders of any income tax applicable to the underlying distributions.
  • An investor must be a resident of Canada to participate in the DRIP for purposes of the Income Tax Act (Canada).
  • A Unitholder will receive any Units purchased under the DRIP Plan on or about the 6th business day following the applicable distribution date.
  • Units will be credited to each Unitholder's account in which the BMO ETFs are held.
No fractional Units will be issued under the DRIP. Any remaining uninvested funds in lieu of fractional Units will be credited to Unitholder's account.

PDF Document BMO ETFs Distribution Reinvestment Plan

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BMO - A part of BMO Financial Group
BMO ETFs are managed and administered by BMO Asset Management Inc., an investment fund manager and portfolio manager and separate legal entity from Bank of Montreal. Commissions, management fees and expenses all may be associated with investments in exchange traded funds. Please read the prospectus before investing. Exchange traded funds are not guaranteed, their values change frequently and past performance may not be repeated.