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BMO Short-Term Income Class
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Here are some new BMO investment options for thos who care. The investment objectives for BMO Global Balanced Class will be revised to allow this fund to invest primarily in dividend-yielding common and preferred shares of companies from around the world.
If everything goes through the fund's new investment objectives will be "to achieve a high level of total return from the value of your investment, including dividend income and capital gains, by investing primarily in dividend-yielding common and preferred shares of companies from around the world. As part of its investment objectives, the fund invests primarily in equities of companies that trade on recognized stock exchanges in countries around the world." As part of the resolution to change the investment
objectives of this fund, shareholders will also be asked to approve a change in this fund's name to "BMO Global Dividend Class" to reflect the new investment objectives.
Here are a few details on the new funds:
BMO Short-Term Income Class
The investment objectives for BMO Short-Term Income Class will be revised to allow the fund to provide a return similar to that of a fixed income fund. By investing primarily in Canadian equity securities and entering into forward contracts or other permitted derivatives, this fund seeks to provide a return determined with reference to the performance of a fixed income fund managed by BMO.
This fund expects that the earnings derived from these transactions will be treated as capital gains, and if distributed to shareholders, will be capital gains dividends for tax purposes.
This fund's current objectives are to provide the opportunity to invest in a fixed-income fund for the short term, as an alternative or in addition to the equity funds included in the BMO Global Tax Advantage Funds and to provide current income while preserving capital and maintaining liquidity. As part of its current investment objectives, this fund invests primarily in high quality securities like Canadian treasury bills, other Canadian short-term fixed-income securities and highly related commercial paper with terms to maturity of less than three years.
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Barry
Mr. Do It All
Apr 1, 2007, 7:23 PM
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