An anonymous director reports

BMO GLOBAL ASSET MANAGEMENT ANNOUNCES CASH DISTRIBUTIONS FOR CERTAIN BMO ETFS AND ETF SERIES OF BMO MUTUAL FUNDS FOR MAY 2023

Bank of Montreal's BMO Global Asset Management Inc., as manager of the BMO exchange-traded funds, and BMO Investments Inc., as manager of the BMO mutual funds, have declared the May, 2023, cash distributions for unitholders of BMO ETFs and unitholders of ETF series units of the BMO mutual funds, as set out in an attached table. Unitholders of record of the BMO ETFs and the ETF series at the close of business on May 31, 2023, will receive cash distributions on June 5, 2023.

Unitholders of record of the ETF series of BMO Money Market Fund at the close of business on May 30, 2023, will receive cash distributions on June 5, 2023.

The ex dividend date and the record date for BMO Money Market are both May 30, 2023.

Details of the per-unit cash distribution amounts are provided in an attached table.

About Bank of Montreal

BMO is the eighth-largest bank in North America by assets, with total assets of $1.15-trillion as of Jan. 31, 2023. Serving customers for 200 years and counting, BMO is a diverse team of highly engaged employees providing a broad range of personal and commercial banking, wealth management, global markets, and investment banking products and services to 12 million customers across Canada, the United States and in select markets globally. Driven by a single purpose -- to boldly grow the good in business and life -- BMO is committed to driving positive change in the world, and making progress for a thriving economy, sustainable future and more-inclusive society.