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BMO Announces Special Reinvested Distribution for BMO Global REIT Fund (Active ETF Series) - Bank of Montreal (NYSE:BMO)
Benzinga· 2025-09-29 21:48
Core Viewpoint - BMO Investments Inc. has announced a special reinvested distribution for unitholders of the Active ETF Series of BMO Global REIT Fund, which will be reinvested in additional units rather than paid in cash [1][2]. Distribution Details - The reinvested distribution represents net realized capital gains and net income, and will be reinvested at the net asset value per unit of the Fund [2]. - The special reinvested distribution amount per unit is $0.900 for the BMO Global REIT Fund (Active ETF Series) [4]. - Unitholders of record as of October 6, 2025, will receive the distribution on October 9, 2025 [4]. Unit Consolidation and Tax Implications - The additional units from the reinvested distribution will be consolidated with previously outstanding units, maintaining the total number of outstanding units [3]. - The reinvested distribution will increase the unitholder's adjusted cost base for the Fund, and non-resident unitholders may face reductions due to withholding tax [3]. Company Overview - BMO Financial Group is the seventh largest bank in North America by assets, with total assets of $1.4 trillion as of July 31, 2025, serving 13 million customers across Canada, the U.S., and select global markets [9].