UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON D.C. 20549
SCHEDULE 14A
Proxy Statement Pursuant to Section 14(a) of the
Securities Exchange Act of 1934
(Amendment No. ____)
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Filed by a Party other than the Registrant ☐
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☐ Preliminary Proxy Statement
☐ Confidential, for Use of the Commission Only (as permitted by Rule 14a-6(e)(2)).
☐ Definitive Proxy Statement
☒ Definitive Additional Materials
☐ Soliciting Material Pursuant to §240.14a-12
BMO FUNDS, INC. |
| (Name of Registrant as Specified in its Charter) |
|
| (Name of Person(s) Filing Proxy Statement if other than the Registrant) |
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115 S LaSalle St.
11th Floor
Chicago, IL 60603
| PRODUCT ALERT | ||
BMO Funds - Reorganizations
| January 7, 2022 |
In prior communications, we shared that the BMO Funds’ Board of Directors approved the planned reorganizations of several BMO Funds into corresponding Columbia Funds and that shareholder proxy statements for each reorganization were filed and mailed in October 2021. Shareholders of each such BMO Fund received a combined proxy statement/prospectus and a proxy card that included additional information about the shareholder meeting, the plan of reorganization, and the new investment advisory or subadvisory agreements applicable with respect to certain Funds.
At a joint meeting of shareholders held on January 7, 2022, shareholders of each of the BMO Funds set forth in the table below (referred to in the table below as the “Merging Funds”) approved the plans of reorganization relevant to such Funds. These reorganizations are expected to close on or about January 21, 2022. In anticipation of this, the last day for purchases and exchanges into, or redemptions from, these Merging Funds will be January 20, 2022.
The following table sets forth each Merging Fund and the corresponding Columbia Fund into which the Merging Fund will be reorganized (referred to in the table as the “Acquiring Funds”), as well as the share classes Merging Fund shareholders will receive in exchange for their Merging Fund share classes as a result of the reorganizations.
Merging Fund
| Share Class
| Ticker
| CUSIP
| Acquiring Fund
| Share Class
| Ticker
| CUSIP
| |||||||||
| BMO Large-Cap Growth | A Y I R6 | BALGX MASTX MLCIX BLGRX | 09658W402 09658L745 09658L752 09658W576 | Columbia Integrated Large Cap Growth* | A A Advisor Institutional 3 | ILGCX ILGCX ILGFX ILGJX | 19766Q106 19766Q106 19766Q403 19766Q700 | |||||||||
| BMO Large Cap Value | A I R6 | BALVX MLVIX BLCRX | 09658W303 09658L844 09658W568 | Columbia Integrated Large Cap Value* | A Advisor Institutional 3 | ILVBX ILVEX ILVHX | 19766Q809 19766Q866 19766Q833 | |||||||||
| BMO Mid-Cap Growth | A I | BGMAX MRMIX | 09658W600 09658L737 | Columbia Mid Cap Growth | A Advisor | CBSAX CPGRX | 19765P299 19766M725 | |||||||||
| BMO Mid-Cap Value | A I R6 | BAMCX MRVIX BMVGX | 09658W501 09658L711 09658V438 | Columbia Select Mid Cap Value | A Advisor Institutional 3 | CMUAX CFDRX CMVYX | 19765J863 19766B356 19765M239 | |||||||||
| BMO Small-Cap Growth | A I | BSLAX MSGIX | 09658V339 09658L620 | Columbia Integrated Small Cap Growth* | A Advisor | ISGDX ISGLX | 19766Q742 19766Q718 | |||||||||
| BMO Small-Cap Value | A I R6 | BACVX MRSNX BSVGX | 09658W709 09658L596 09658V388 | Columbia Small Cap Value II | A Advisor Institutional 3 | COVAX CLURX CRRYX | 19765J798 19766B265 19766B240 | |||||||||
| BMO Dividend Income | A I | BADIX MDIVX | 09658W204 09658L604 | Columbia Integrated Large Cap Value* | A Advisor | ILVBX ILVEX | 19766Q809 19766Q866 | |||||||||
* Denotes newly-registered funds created to retain the corresponding BMO Fund; all other Columbia Funds are currently in operation.
FOR FINANCIAL PROFESSIONAL USE ONLY
115 S LaSalle St.
11th Floor
Chicago, IL 60603
| PRODUCT ALERT | ||
BMO Funds - Reorganizations
| January 7, 2022 |
Continued:
Merging Fund
| Share Class
| Ticker
| CUSIP
| Acquiring Fund
| Share Class
| Ticker
| CUSIP
| |||||||||
| BMO Low Volatility Equity | A I | BLVAX MLVEX | 09658W105 09658L208 | Columbia Integrated Large Cap Value* | A Advisor | ILVBX ILVEX | 19766Q809 19766Q866 | |||||||||
BMO Disciplined International Equity | A I | BDAQX BDIQX | 09658W667 09658W659 | Columbia Overseas Value | A Advisor | COAVX COSVX | 19765M338 19766P884 | |||||||||
| BMO Corporate Income | A Y I | BATIX MCIYX MCIIX | 09658W733 09658L851 09658L869 | Columbia Corporate Income | A A Advisor | LIIAX LIIAX CIFRX | 19765N542 19765N542 19766M808 | |||||||||
| BMO Ultra Short Tax-Free | A I | BAUSX MUISX | 09658W790 09658L539 | Columbia Ultra Short Municipal Bond* | A Advisor | USMBX USMDX | 19766J235 19766J227 | |||||||||
| BMO Conservative Allocation | Y I R3 R6 | BDVYX BDVIX BDVRX BDVSX | 09658L299 09658L331 09658L323 09658L315 | Columbia Capital Allocation Conservative | A Advisor R Institutional 3 | ABDAX CPCYX CBVRX CPDHX | 19766G546 19766C263 19766G512 19766N400 | |||||||||
| BMO Moderate Allocation | Y I R3 R6 | BMBYX BMBHX BMBQX BMBTX | 09658L166 09658L190 09658L182 09658L174 | Columbia Capital Allocation Moderate | A Advisor R Institutional 3 | ABUAX CPCZX CBMRX CPDMX | 19766G348 19766C255 19766G314 19766N608 | |||||||||
| BMO Balanced Allocation | Y I R3 R6 | BGRYX BGRHX BGRRX BGRQX | 09658L216 09658L240 09658L232 09658L224 | Columbia Capital Allocation Moderate Aggressive | A Advisor R Institutional 3 | NBIAX CGBRX CLBRX CPHNX | 19765H792 19766B489 19765M528 19766B224 | |||||||||
| BMO Growth Allocation | Y I R3 R6 | BABYX BABHX BABRX BABQX | 09658L380 09658L422 09658L414 09658L398 | Columbia Capital Allocation Aggressive | A Advisor R Institutional 3 | AXBAX CPDAX CPARX CPDIX | 19766G611 19766C248 19766G579 19766N806 | |||||||||
| BMO Aggressive Allocation | Y I R3 R6 | BDSYX BDSHX BDSRX BDSQX | 09658L257 09658L281 09658L273 09658L265 | Columbia Capital Allocation Aggressive | A Advisor R Institutional 3 | AXBAX CPDAX CPARX CPDIX | 19766G611 19766C248 19766G579 19766N806 |
* Denotes newly-registered funds created to retain the corresponding BMO Fund; all other Columbia Funds are currently in operation.
Shareholders of each Merging Fund will become shareholders of the corresponding Acquiring Fund, receiving shares of the Acquiring Fund equal in value to the shares of the Merging Fund held by the shareholders prior to the applicable reorganization. The reorganizations themselves are not expected to result in the recognition of gain or loss by the Merging Funds or their shareholders for federal tax purposes. Shareholders of the Merging Funds and the Acquiring Funds
FOR FINANCIAL PROFESSIONAL USE ONLY
115 S LaSalle St.
11th Floor
Chicago, IL 60603
| PRODUCT ALERT | ||
BMO Funds - Reorganizations
| January 7, 2022 |
will not bear the costs of the reorganizations. Certain Merging Funds will reposition their portfolios prior to the reorganizations. Any resulting net capital gains are likely to be distributed to shareholders in early January.
Both capital gains as well as ordinary income distributions will be paid in accordance with the applicable dates below.
| • | Record Date: 1/18/2022 |
| • | Ex-Date and Reinvestment Date: 1/19/2022 |
| • | Payment Date: 1/20/2022 |
If you have any questions about this information, please call 1-800-236-3863.
All investments involve risk, including the possible loss of principal.
BMO Global Asset Management is the brand name for various affiliated entities of BMO Financial Group that provide investment management, retirement, and trust and custody services. Certain of the products and services offered under the brand name BMO Global Asset Management are designed specifically for various categories of investors in a number of different countries and regions and may not be available to all investors. Products and services are only offered to such investors in those countries and regions in accordance with applicable laws and regulations. BMO Financial Group is a service mark of Bank of Montreal (BMO).
Investment products are: NOT A DEPOSIT – NOT FDIC INSURED - NO BANK GUARANTEE – MAY LOSE VALUE
Investors should carefully consider the investment objectives, risks, charges and expenses of the BMO Funds. This and other important information is contained in the prospectuses and/or summary prospectuses, which can be obtained by calling 1-800-236-3863. Please read carefully before investing.
BMO Asset Management Corp. is the investment adviser to the BMO Funds. BMO Funds are distributed by Foreside Financial Services, LLC.
26454531.2
FOR FINANCIAL PROFESSIONAL USE ONLY