OREANDA-NEWS. BMO Investments Inc. (BMOII), the manager of BMO Mutual Funds, today announced its intention to terminate the following BMO Mutual Funds (the Funds):

  • BMO LifeStage 2017 Class
  • BMO LifeStage 2020 Class
  • BMO LifeStage 2025 Class
  • BMO LifeStage 2030 Class
  • BMO LifeStage 2035 Class
  • BMO LifeStage 2040 Class

The Funds will be terminated on or about June 28, 2016. Also, effective today, the Funds will no longer accept additional investments, including purchases through regular investment savings plans.

Affected investors are encouraged to contact their investment professional to discuss these fund terminations and their investment options. Investors may redeem or switch their investments in the Funds until the close of business on June 27, 2016.

If alternative investment instructions are not received by June 27, 2016, investments in the terminating funds:

  • In non-registered accounts - will be redeemed and investors will be paid the proceeds of these investments;
  • In registered accounts - on the termination date, will be transferred automatically into the BMO Money Market Fund.

Investors will not be required to pay any redemptions fees or sales charges upon redemption of their investment or the termination of the Funds.

BMOII will send a notice to each investor in the Funds regarding the termination.