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    BMO Announces Changes to the BMO Private Canadian Short-Mid Bond Portfolio

    TORONTO, Jan. 15, 2024 /CNW/ - BMO Private Investment Counsel Inc. ("BPIC"), the manager of BMO Private Canadian Short-Mid Bond Portfolio (the "Portfolio"), today announced changes to the Portfolio. These changes include amendments to the Portfolio's investment strategies to allow for the Portfolio to invest in a selection of fixed income securities with a variety of investment maturities, changes to the Portfolio's portfolio management team, and a change of the Portfolio's name to BMO Private Canadian Bond Portfolio to reflect the new investment strategies of the Portfolio.

    The changes are intended to be effective on or about January 26, 2024, provided regulatory approval is received.

    There will be no changes to the Portfolio's fundamental investment objectives or to its investment risk ratings as a result of these changes.

    About BMO Private Wealth

    BMO Private Wealth is a brand name for a business group consisting of Bank of Montreal and certain of its affiliates in providing private wealth management products and services. Not all products and services are offered by all legal entities within BMO Private Wealth. Banking services are offered through Bank of Montreal. Investment management, wealth planning, tax planning and philanthropy planning services are offered through BMO Nesbitt Burns Inc. and BMO Private Investment Counsel Inc. Estate, trust, and custodial services are offered through BMO Trust Company. BMO Private Wealth legal entities do not offer tax advice.

    About BMO Financial Group

    BMO Financial Group is the eighth largest bank in North America by assets, with total assets of $1.3 trillion as of October 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 over 13 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 inclusive society.

    SOURCE BMO Financial Group

    For further information: Media Contacts: Jeff Roman, Toronto, Jeff.Roman@bmo.com, (416) 867-3996

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