TMXgroup

October 22, 2009

BMO Short Federal Bond Index ETF (the "ETF") - An application has been granted for the original listing in the Industrial category of 700,000 units (the "Units") of the ETF, all of which will be issued and outstanding, and none 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, October 23, 2009 in anticipation of the offering closing prior to the opening on Monday, October 26, 2009. The Units will be posted for trading at the opening on October 26, 2009.

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 that may be issued.

The registration and transfer of Units will be affected through the book-entry only system administered by CDS Clearing and Depository Services Inc. Unitholders of the ETF will not have the right to receive physical certificates evidencing their ownership of the Units.

Additional information on the Units may be found in the final prospectus dated October 16, 2009 (the "Prospectus"), which is available at www.SEDAR.com. Capitalized terms not otherwise defined are as defined in the Prospectus.

Stock Symbol: "ZFS"
CUSIP: 096911 10 2
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: Christina Chen

Corporate Secretary: Barbara Muir

Incorporation: The ETF is an exchange-traded fund established as a trust under the laws of the Province of Ontario pursuant to a master declaration of trust dated October 16, 2009 as may be amended from 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 a short term federal bond index, net of expenses. Currently, the ETF seeks to replicate the performance of the DEX Short Term Federal Bond Index. The Manager may, in its discretion and without unitholder approval, change the DEX Short Term Federal Bond Index to another widely recognized short term federal bond index in order to provide investors with exposure to a short term federal bond index. If the Manager changes the DEX Short Term Federal Bond Index, or any index replacing such Index, the Manager will issue a press release identifying the new index. The ETF invests in a variety of debt securities primarily with a term to maturity between one and five years. Securities held in the Index are generally issued or guaranteed by the Government of Canada, by various agencies of the Government of Canada, and by various instrumentalities that have been established or sponsored by the Government of Canada. As an alternative to or in conjunction with investing in and holding the Constituent Securities, the ETF may invest in or use exchange traded funds, mutual funds or institutional pooled funds and derivative instruments to obtain exposure to the performance of the DEX Short Term Federal Bond Index.

Transfer Agent & Registrar: CIBC Mellon Trust Company at its principal office in Toronto.

Distributions: Any cash distributions of income on Units of a BMO 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 BMO ETF less the expenses of the BMO ETF. To the extent that the expenses of a BMO ETF exceed the income generated by such BMO 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 700,000 Units at a price of $15 per Unit.