Explore Your Managed Portfolios Investment Options

BMO SelectTrust Portfolios

BMO Target Education Portfolios

BMO LifeStage Class Funds

BMO SelectClass ® Portfolios

BMO Fixed Cash Flow Plus Deposit

For investors seeking a guaranteed cash flow regardless of market conditions, while maintaining growth potential through exposure to a diversified portfolio of equities and fixed income.

Clients benefit from:

• Guaranteed, predictable monthly cash flow
• Tax efficient distributions
• Protection from market volatility
• An ideal solution for investors at or near retirement age requiring a fixed monthly cash flow
• Exposure to the growth potential of a portfolio of BMO Mutual Funds
• Lifecycle asset allocation with systematic rebalancing features

Legal Disclaimer

Capital distributions are repayments of principal that will reduce the principal amount invested in the BMO Fixed Cash Flow Plus Deposit (“Cash Flow Deposit”) and the investor’s adjusted cost base of the Cash Flow Deposit.

Investors should consult their own tax advisors for advice with respect to the tax consequences of an investment in Cash Flow Deposits, based on their particular circumstances.

Cash Flow Deposits do not represent deposits insured under the Canada Deposit Insurance Corporation Act or any other deposit insurance regime. Capitalized terms used and not otherwise defined herein have the meanings given to them in the Master Information Statement dated dated August 1, 2014.

Investments in the Cash Flow Deposits are not mutual fund investments. They are investments in principal protected deposit notes issued by Bank of Montreal and will constitute direct, unsecured and unsubordinated debt obligations of Bank of Montreal. Details regarding the calculations and payments of interest, the Fixed Cash Flow Plus Portfolio (Cash Flow Portfolio), capital distributions, certain risk factors and certain federal income tax considerations of investing in the Cash Flow Deposits will be contained in the Master Information Statement, which will be available through your branch investment professional or on our public website at ww.bmo.com/fixedcashflow.

This summary is issued for information purposes only to provide a general overview of the Cash Flow Deposits and does not constitute investment advice or an offer to sell or a solicitation to purchase. An investment in Cash Flow Deposits is subject to certain risks, which investors should consider and, in particular, should evaluate the specific risk factors set out in the Master Information Statement and Series Supplement. Investors should read the related Master Information Statement and Series Supplement carefully before investing and discuss Cash Flow Deposit suitability with their branch investment professional. The Cash Flow Deposits may not be suitable for all types of investors; the prices and value of the Cash Flow Deposits may fluctuate and/or be adversely affected by a number of factors. The fluctuation of the value of the Cash Flow Portfolio will directly impact the variable return, if any, on the Cash Flow Deposits. At maturity, the variable return, if any, will be equal to the amount by which the Deposit Value on the third business day before the Cash Flow Deposit matures exceeds the Remaining Deposit Balance when the Cash Flow Deposit matures. If the Deposit Value on the third business day before the Cash Flow Deposit matures is equal to or less than the Remaining Deposit Balance at maturity then you will not receive any variable return on your Cash Flow Deposits. It is possible that no variable return will be paid on the Cash Flow Deposits. The Cash Flow Deposits have not been and will not be rated by any credit rating organization.

Neither Bank of Montreal nor any of its subsidiaries and affiliates (collectively, BMO) make any assurances, representations or warranties with respect to accuracy, reliability or completeness of information contained herein. Furthermore, BMO makes no recommendation concerning the Cash Flow Deposits or the suitability of investing in securities generally or the Cash Flow Deposits in particular. No person has been authorized to give any information or to make any representation not contained in the Master Information Statement and Series Supplement relating to the applicable Cash Flow Deposits and BMO does not accept responsibility for any information not contained in the Master Information Statement and Series Supplement. The offering and sale of Cash Flow Deposits may be prohibited or restricted by laws in certain jurisdictions.

® Registered trade-mark of Bank of Montreal, used under license.

™ Trade-mark of BMO Bank of Montreal.

BMO LifeStage Retirement Income Portfolios

BMO LifeStage Retirement Income Portfolios are deposits that help meet the needs of investors either planning for retirement or already retired by providing capital protection through guaranteed capital distributions and exposure to the growth potential of BMO Mutual Funds.

BMO LifeStage Retirement Income Portfolios introduce the new Lifetime Cash Flow Version: