News Release
BMO India Equity Hedged To CAD ETF To Trade On Toronto Stock Exchange
ORIGINAL LISTING
BMO India Equity Hedged To CAD ETF (the "ETF") - An application has been granted for the original listing in the Industrial category of 200,000 units (the "Units") of the ETF, all of which will be issued and outstanding, and none of which will be reserved for issuance upon completion of an initial public offering.
Listing of the Units will become effective at 5:01 p.m. on Friday, January 22, 2010 in anticipation of the offering closing prior to the opening of business on Monday, January 25, 2010. The Units will be posted for trading at the opening of business on January 25, 2010.
The ETF is authorized to issue an unlimited number of Units each of which represents an undivided interest in the assets of the ETF. Units of the ETF are being issued and sold on a continuous basis and there is no maximum number of Units that may be issued.
The registration of interests in, and transfer of, the Units will be made only through CDS Clearing and Depository Services Inc. ("CDS"). Unitholders of the ETF will not have the right to receive physical certificates evidencing their ownership of the Units. Units must be purchased, transferred and surrendered for exchange or redemption only through a CDS participant.
Additional information on the Units may be found in the final prospectus dated January 15, 2010 (the "Prospectus"), which is available at www.SEDAR.com. Capitalized terms not otherwise defined herein are as defined in the Prospectus.
Stock Symbol: "ZID"
CUSIP: 05590E 10 4
Trading: CDN $
Designated Market Maker: BMO Nesbitt Burns Inc.
Other Markets: None
Head Office Address:
250 Yonge Street
9th Floor
Toronto, Ontario M5B 2M8
Website: www.bmo.com/etfs
Email: viki.lazaris@bmo.com
Head Office Telephone Number: 1-800-361-1392
Investor Relations: Viki Lazaris
Tel.: (416) 867-6656
viki.lazaris@bmo.com
Steven Bonin
Tel.: (416) 867-5452
steven.bonin@bmo.com
Chief Financial Officer: Robert J. Schauer
Corporate Secretary: Karen Shalovsky
Incorporation: The ETF is a mutual fund established as a trust under the laws of the Province of Ontario on January 11, 2010 pursuant to a master declaration of trust as may be amended time to time.
Manager and Trustee: Jones Heward Investment Counsel Inc.
Fiscal Year End: December 31
Nature of Business: The ETF seeks to replicate, to the extent possible, the performance of the broad Indian equity market, net of expenses, through passive investments in securities and derivative instruments that track a widely recognized Indian equity index. The fund will generally reflect exposure from an indexed investment in Indian equities. The fund's holdings may include certain Other Securities that track a specific Indian equity index. The Manager will select investments based on their overall suitability and the suitability of their underlying benchmark as a widely recognized Indian equity index. The Manager will apply the selection process to the fund at least once per quarter and more often if market conditions warrant and, if considered appropriate, rebalance the fund's portfolio. The Manager may, in its discretion and without unitholder approval, change the manner in which the fund obtains exposure to the broad Indian equity market by seeking to replicate, to the extent possible, the performance of an Indian equity index. In the event of such a change, the index that the ETF seeks to replicate from time to time will be specified by the fund.
Transfer Agent & Registrar: CIBC Mellon Trust Company at its principal office in Toronto.
Distributions: Any cash distributions of income on Units of the ETF will generally be made quarterly, if at all, and are expected to consist primarily of dividends or distributions, including interest income, received by the ETF less the expenses of the ETF. To the extent that the expenses of the ETF exceed the income generated by such ETF in any given quarter, no quarterly distribution will be paid.
Initial Issuance of Units: Pursuant to the terms of the Prospectus, Units will be issued and sold on a continuous basis and there will be no maximum number of Units that may be issued. Units sold in connection with the initial public offering for the ETF will amount to 200,000 Units at a price of $15 per Unit.



