BMO Investments Inc. today an proposed the merger of BMO U.S. Equity Class with BMO Global Dividend Class to be effective on May 9.

Should the merger be approved, shareholders of BMO U.S. Equity Class will have the potential to achieve greater portfolio diversification by investing in a larger fund with broader investment objectives, says BMO Investments.

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 primarily in dividend-yielding common and preferred shares of corporations from around the world.

The proposed fund merger is subject to shareholder and regulatory approval. Meetings of shareholders of each of BMO U.S. Equity Class and BMO
Global Dividend Class will be held on May 5.