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BMO Global Asset Management Announces Cash Distributions for BMO Exchange Traded Funds and ETF Series

Strategic Insights

— 1 min read

BMO Global Asset Management announced the March 2022 cash distributions for BMO Exchange Traded Funds (BMO ETFs) and ETF Series units of the BMO Mutual Funds, which distribute monthly and quarterly. The distributions will be paid to unitholders of record on March 30, 2022, for ETFs and ETF Series, and on March 29, 2022, for ETF Series (ZMMK) of BMO Money Market Fund. The per-unit cash distribution amounts are listed in the omitted table.

Key Takeaways:

  • BMO Global Asset Management announced cash distributions for BMO Exchange Traded Funds (BMO ETFs) and ETF Series units of the BMO Mutual Funds, which distribute monthly and quarterly.
  • The distributions will be paid to unitholders of record on March 30, 2022, for ETFs and ETF Series, and on March 29, 2022, for ETF Series (ZMMK) of BMO Money Market Fund.
  • The per-unit cash distribution amounts are listed in the omitted table.
  • The quarterly distributions for BMO ETFs and ETF Series generally represent net income and net realized capital gains, which are distributed and automatically reinvested in additional Accumulating Units of the applicable BMO ETF.
  • BMO Global Asset Management has over 100 strategies, over 25% market share in Canada, and $80.6 billion in assets under management.
  • BMO ETFs are designed to stay ahead of market trends and provide compelling solutions to help advisors and investors.
  • BMO Asset Management Inc. manages BMO ETFs, and BMO Investments Inc. manages ETF Series of the BMO Mutual Funds.

Statistics:

  • BMO Global Asset Management has over $80.6 billion in assets under management.
  • BMO ETFs have over 100 strategies, with a market share of over 25% in Canada.
  • BMO ETFs and ETF Series trade like stocks, fluctuate in market value, and may trade at a discount to their net asset value.
  • The distributions announced are for BMO Exchange Traded Funds (BMO ETFs) and ETF Series units of the BMO Mutual Funds.
  • The per-unit cash distribution amounts are listed in the omitted table.

Sources:

  • BMO News Release: "BMO Global Asset Management Announces Cash Distributions for Certain BMO Exchange Traded Funds and ETF Series"
  • Source: BMO Financial Group (https://newsroom.bmo.com/2022-03-22-BMO-Global-Asset-Management-Announces-Cash-Distributions-for-Certain-BMO-Exchange-Traded-Funds-and-ETF-Series)
  • Morningstar, December 2021
  • Contify.com (Copyright 2017)

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