BMO Funds, Inc. Announces Planned Adjournment of Special Joint Meeting of Shareholders

Rhea-AI Summary

BMO Funds, Inc. announced the adjournment of its special joint meeting of shareholders originally set for November 8, 2021, to November 23, 2021. This decision allows shareholders additional time to consider the proposed reorganizations into Columbia Funds Series Trust and related series. The Board has recommended approval for these reorganizations, which were detailed in a combined proxy statement sent to shareholders prior to the meeting. The Corporation aims to ensure that all shareholders can thoroughly evaluate the proposals before voting.

Positive

• Shareholders will have extra time to evaluate proposed reorganizations.
• The Board recommends approval of the reorganizations, indicating confidence in the plan.

Negative

• None.

MILWAUKEE, Nov. 3, 2021 /PRNewswire/ - BMO Funds, Inc. (the "Corporation") announced today that the special joint meeting of shareholders scheduled for November 8, 2021 (the "Meeting") is expected to convene and immediately adjourn until November 23, 2021, without any business being conducted. The purpose of the adjournment will be to provide shareholders of the Corporation who are eligible to vote at the Meeting with additional time to consider the proposals applicable to them.

The Board of Directors of the Corporation (the "Board") called the Meeting primarily to allow shareholders of certain series of the Corporation (each, a "Fund") to consider and vote on a proposed reorganization into a corresponding series of Columbia Funds Series Trust, Columbia Funds Series Trust I or Columbia Funds Series Trust II. The Corporation believes that the adjournment of the Meeting will allow shareholders of each Fund additional time to evaluate all of the factors relevant to each proposed reorganization. Information pertaining to each proposed reorganization was set forth in a combined proxy statement/prospectus mailed to shareholders in advance of the Meeting. The Board has recommended that shareholders of each Fund vote to approve the reorganizations. As set forth in the combined proxy statement/prospectus, shareholders of certain Funds have also been asked to consider and vote on proposals in addition to the proposed reorganizations.

About BMO Funds, Inc.
The Corporation is a registered open-end management investment company that was established as Marshall Funds, Inc., a Wisconsin corporation on July 31, 1992.

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SOURCE BMO Financial Group

FAQ

What is the new date for the BMO Funds shareholder meeting?

The special joint meeting of shareholders has been adjourned to November 23, 2021.

Why was the BMO Funds shareholder meeting adjourned?

The meeting was adjourned to give shareholders more time to consider the proposed reorganizations.

What proposals are being considered at the BMO Funds meeting?

Shareholders are considering proposed reorganizations into Columbia Funds Series Trust and related series.

What is the significance of the proposed reorganizations for BMO Funds?

The proposed reorganizations aim to align BMO Funds with Columbia Funds Series Trust, potentially enhancing investment opportunities.