Investors can benefit from two new classes of principal protected investments that can generate potential returns based on the performance of Elliott & mutual funds.

Bank of Montreal Manulife Investments Protected Deposit Notes, Global ReturnPlus Class is an investment offering issued by Bank of Montreal that is linked to the performance of two mutual funds – the Elliott & Page Monthly High Income Fund and the Mawer World Investment Fund. The mutual funds are managed by Manulife Mutual Funds, a division of Elliott & Page Limited, and Calgary based Mawer Investment Management Inc.

Bank of Montreal Manulife Investments Protected Deposit Notes, Canadian ReturnPlus Class is an investment offering issued by Bank of Montreal that is linked to the performance of the Elliott & Page Monthly High Income Fund. Both the Global ReturnPlus Class and the Canadian ReturnPlus Class Deposit Notes provide 100% principal protection at maturity by Bank of Montreal.

The Deposit Notes employ a dynamic asset allocation strategy providing notional exposure to the underlying Funds when their performance is positive and reduced exposure when performance is negative. All distributions paid by the Funds will be notionally reinvested at a rate equal to 100% of the distribution rate of the Funds linked to the Deposit Notes creating the opportunity for potentially enhanced returns and tax-deferred growth.

“Many Canadian investors have benefited from strong equity market performance over the past few years. The Bank of Montreal Manulife Investments Canadian ReturnPlus Class and Global ReturnPlus Class Deposit Notes provide investors with the opportunity to lock in previous market gains while maintaining market exposure through investments linked to two mutual funds with strong track records of performance.The principal protection feature makes them an attractive alternative for investors who require stability yet would benefit from potentially higher long term returns,” said Bob Tillmann, vp of marketing and business development, Manulife Investments, in a news release.

The term to maturity is approximately 7.18 years for Series 1 and seven years for Series 2.

In addition, the Canadian ReturnPlus Note features 125% exposure on day one to the underlying Elliott & Page Monthly High Income Fund.

The Bank of Montreal Manulife Investments Protected Deposit Notes, Canadian ReturnPlus Class Series 1 and 2 and Global ReturnPlus Class Series 1 and 2 are sold by advisors licensed by the Investment Dealers Association of Canada and licensed mutual fund dealers.

Series 1 of the Canadian ReturnPlus Class is available for purchase until July 6, and Series 2 of the Canadian ReturnPlus Class is available for purchase until September 7.

Global ReturnPlus Class Series 1 is available for purchase until July 6, and Series 2 of the Global ReturnPlus Class is available for purchase until September 7.

Details regarding these investment products, including a discussion of risk factors relating to the Deposit Notes, are contained in the Information Statements that can be obtained at www.manulife.ca/investments.