BMO Investments Inc. has proposed changes to the declarations of trust of all of the funds organized as trusts, other than the LifeStage Plus Funds.

BMO Investments Inc. is proposing to amend and restate the declaration of trust of each of the funds in the form of a master declaration of trust to simplify and update the administration of the funds.

“We believe that an updated master declaration of trust will allow for greater uniformity in the administration of the funds and will allow the funds to more efficiently meet the regulatory standards and industry best practices of today and tomorrow,” said Ed Legzdins, president and CEO, BMO Investments Inc.

The funds have an independent review committee that provides independent oversight and advice to the manager. BMO Investments Inc. referred this change to the IRC for its review and input as required by securities regulation. The IRC was of the opinion that the proposed change will achieve a fair and reasonable result for the funds and provided a positive recommendation to BMO Investments Inc.

Certain funds require unitholder approval to implement this change.

These funds include:

BMO T-Bill Fund
BMO International Index Fund
BMO Money Market Fund
BMO International Equity Fund
BMO AIR MILES(R)+
BMO European Fund
Money Market Fund
BMO Japanese Fund
BMO Premium Money Market Fund
BMO Special Equity Fund
BMO Bond Fund
BMO U.S. Special Equity Fund
BMO Monthly Income Fund
BMO Resource Fund
BMO Asset Allocation Fund
BMO Precious Metals Fund
BMO Dividend Fund
BMO Global Science & Technology Fund
BMO Equity Index Fund
BMO Emerging Markets Fund
BMO Equity Fund
BMO U.S. Dollar Money Market Fund
BMO U.S. Equity Index Fund
BMO U.S. Dollar Equity Index Fund
BMO U.S. Growth Fund
BMO U.S. Equity Fund

If the move to a master declaration of trust is approved by unitholders, certain funds intend to offer a multi-series structure which will enable the funds to offer additional investment options that will help investors more effectively meet their objectives.

If approved, it is anticipated that the changes will become effective shortly after the unitholder meetings on or about Oct. 22.