BMO Investments Inc. announced that, at shareholders meetings held earlier today, it received approval to proceed with the merger of the BMO U.S. Equity Class Fund into the BMO Global Dividend Class Fund.

“As a result of this merger, shareholders of BMO U.S. Equity Class will now have the potential to achieve greater geographic and portfolio diversification by investing in dividend-paying equity securities of global issuers,” says Linda Knight, president and COO, BMO Investments Inc.

The investment objective of BMO Global Dividend Class is to achieve a high level of total return, including dividend income and capital gains, by investing in dividend-yielding common and preferred shares from around the world.

The merger will be effective on or about May 9.