TORONTO, ONTARIO--(Marketwired - Jul 21, 2014) - BMO Asset Management Inc. ("BMO AM") today announced the May 2014 cash distributions for certain BMO Exchange Traded Funds (ETFs)* that pay monthly distributions. Unitholders of record of the BMO ETFs at close of business on July 30, 2014, will receive cash distributions payable on August 7, 2014.

Details of the per-unit distribution amounts are as follows:

BMO ETFs with Monthly Distributions:TickerCash Distribution per Unit ($)
BMO Short Federal Bond Index ETF ZFS 0.027
BMO Mid Federal Bond Index ETF ZFM 0.038
BMO Long Federal Bond Index ETF ZFL 0.048
BMO Short Provincial Bond Index ETF ZPS 0.039
BMO Mid Provincial Bond Index ETF ZMP 0.043
BMO Long Provincial Bond Index ETF ZPL 0.048
BMO Short Corporate Bond Index ETF ZCS 0.039
BMO Mid Corporate Bond Index ETF ZCM 0.053
BMO Long Corporate Bond Index ETF ZLC 0.066
BMO Aggregate Bond Index ETF ZAG 0.042
BMO Discount Bond Index ETF ZDB 0.026
BMO Real Return Bond Index ETF ZRR 0.026
BMO Floating Rate High Yield ETF ZFH 0.050
BMO High Yield US Corporate Bond Hedged to CAD Index ETF ZHY 0.079
BMO Emerging Markets Bond Hedged to CAD Index ETF ZEF 0.068
BMO Mid-Term US IG Corporate Bond Index ETF ZIC 0.048
BMO Mid-Term US IG Corporate Bond Index ETF (U.S. Dollar Units) ZIC.U 0.046
BMO Short-Term US IG Corporate Bond Hedged to CAD Index ETF ZSU 0.027
BMO Mid-Term US IG Corporate Bond Hedged to CAD Index ETF ZMU 0.046
BMO Ultra Short-Term Bond ETF ZST 0.160
BMO 2015 Corporate Bond Target Maturity ETF ZXB 0.040
BMO 2020 Corporate Bond Target Maturity ETF ZXC 0.050
BMO 2025 Corporate Bond Target Maturity ETF ZXD 0.056
BMO S&P/TSX Equal Weight Banks Index ETF ZEB 0.061
BMO Equal Weight Utilities Index ETF ZUT 0.052
BMO Equal Weight REITs Index ETF ZRE 0.083
BMO Monthly Income ETF ZMI 0.053
BMO Covered Call Canadian Banks ETF ZWB 0.068
BMO Covered Call Utilities ETF ZWU 0.073
BMO Covered Call Dow Jones Industrial Average Hedged to CAD ETF ZWA 0.073
BMO US High Dividend Covered Call ETF ZWH 0.080
BMO Canadian Dividend ETF ZDV 0.062
BMO S&P/TSX Laddered Preferred Share Index ETF ZPR 0.051
BMO US Dividend Hedged to CAD ETF ZUD 0.040
BMO US Dividend ETF ZDY 0.042
BMO US Dividend ETF (U.S. Dollar Units) ZDY.U 0.040

*BMO ETFs are administered and managed by BMO Asset Management Inc., an investment fund manager and portfolio manager and a separate legal entity from Bank of Montreal.

Commissions, management fees and expenses all may be associated with investments in exchange traded funds. Please read the prospectus before investing. Exchange traded funds are not guaranteed, their values change frequently and past performance may not be repeated.

S&P® is a registered trademark of Standard & Poor's Financial Services LLC, Dow Jones® is a registered trademark of Dow Jones Trademark Holdings LLC, and TSX is a trademark of TSX Inc. These and other associated trademarks and/or service marks have been licensed for use by BMO Asset Management Inc. The indices underlying the ZEB, ZUT, ZRE, ZWA, and ZPR BMO ETFs are products of S&P Dow Jones Indices LLC and have been licensed for use by BMO Asset Management Inc. None of the BMO ETFs are sponsored, endorsed, sold or promoted by any of its aforementioned trademark owners and the related index providers or their respective affiliates or their third party licensors and these entities make no representation, warranty or condition regarding the advisability of buying, selling or holding units in the BMO ETFs.

Further information about BMO ETFs can be found at www.bmo.com/etfs.

About BMO Exchange Traded Funds (ETFs)

Established in May 2009, BMO Financial Group's ETF business is a leading ETF provider in Canada. BMO ETFs provide Canadian investors with broader choices and greater access to an innovative portfolio of investment products.

About BMO Financial Group

Established in 1817 as Bank of Montreal, BMO Financial Group is a highly diversified financial services organization based in North America. The bank offers a broad range of retail banking, wealth management and investment banking products and services to more than 12 million customers. BMO Financial Group has total assets of $582 billion and more than 45,500 employees as at April 30, 2014.