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DISCLAIMER

The information provided on this podcast is for informational purposes only and does not constitute financial investment or professional advice. The views expressed by the host and guest are their own and do not necessarily reflect the opinions of any organization or company. The host and the guest may maintain positions in any securities discussed on the podcast. Always consult a qualified financial advisor or professional before making any investment decisions.

B M O INVESTORLINE DISCLAIMER

B M O InvestorLine is a wholly owned subsidiary of Bank of Montreal. Member – Canadian Investor Protection Fund and Member of the Canadian Investment Regulatory Organization.

The opinions and views expressed in this presentation are those of the presenter and not necessarily B M O InvestorLine Inc. This presentation is prepared as a general source of information and is not intended to provide legal, investment, accounting or tax advice, and should not be relied upon in that regard. If legal or investment advice or other professional assistance is needed, the services of a competent professional should be obtained. Any information contained in this presentation does not constitute and shall not be deemed to constitute advice, an offer to sell/purchase or as an invitation or solicitation to do so for any entity. The content of this presentation is based on sources believed to be reliable, but its accuracy cannot be guaranteed.B M O InvestorLine Inc. and its affiliates, sponsors and employees do not accept responsibility for the content and makes no representation as to the accuracy, completeness or reliability of the content and hereby disclaims any liability with regards to the same.

B M O GAM DISCLAIMER

Commissions, management fees and expenses (if applicable) may be associated with investments in mutual funds and exchange traded funds (E T Fs). Trailing commissions may be associated with investments in mutual funds. Please read the fund facts, E T F Facts or simplified prospectus of the relevant mutual fund or E T F before investing. Mutual funds and E T Fs are not guaranteed, their values change frequently and past performance may not be repeated.

For a summary of the risks of an investment in B M O Mutual Funds or B M O E T Fs, please see the specific risks set out in the simplified prospectus of the relevant mutual fund or E T F. B M O E T Fs trade like stocks, fluctuate in market value and may trade at a discount to their net asset value, which may increase the risk of loss. Distributions are not guaranteed and are subject to change and/or elimination.

B M O Mutual Funds are offered by B M O Investments Inc., a financial services firm and separate entity from Bank of Montreal. B M O E T Fs are managed and administered by B M O Asset Management Inc., an investment fund manager and portfolio manager and separate legal entity from Bank of Montreal.

The viewpoints expressed by the speakers represents their assessment of the markets at the time of publication. Those views are subject to change without notice at any time without any kind of notice. The information provided herein does not constitute a solicitation of an offer to buy, or an offer to sell securities nor should the information be relied upon as investment advice.  Past performance is no guarantee of future results.  This communication is intended for informational purposes only.

Any statement that necessarily depends on future events may be a forward-looking statement. Forward-looking statements are not guarantees of performance. They involve risks, uncertainties and assumptions. Although such statements are based on assumptions that are believed to be reasonable, there can be no assurance that actual results will not differ materially from expectations. Investors are cautioned not to rely unduly on any forward-looking statements. In connection with any forward-looking statements, investors should carefully consider the areas of risk described in the most recent simplified prospectus.

B M O (M-bar roundel symbol)” is a registered trademark of Bank of Montreal, used under licence.