BMO Announces Cash Distributions and a Special Distribution for Certain BMO ETFs and ETF Series of BMO Mutual Funds for February 2026

BMO Announces Cash Distributions and a Special Distribution for Certain BMO ETFs and ETF Series of BMO Mutual Funds for February 2026

Feb 19 2026 13:30 GMT

TORONTO , Feb. 19, 2026 /CNW/ - BMO Asset Management Inc., as manager of the BMO ETFs, and BMO Investments Inc., as manager of the BMO Mutual Funds, today announced the February 2026 cash distributions for unitholders of BMO ETFs and unitholders of exchange-traded series of units of the BMO Mutual Funds (collectively, the "ETF Series")¹ that distribute monthly, as well as a special distribution as set out in the tables below. Unitholders of record of the BMO ETFs and the ETF Series of the BMO Mutual Funds at the close of business on February 26, 2026, will receive cash distributions payable on March 3, 2026.

The ex-dividend date and record date for all BMO ETFs and ETF Series of BMO Mutual Funds is February 26, 2026.

Details of the per unit cash distribution amount are as follows:

Monthly Distributions

FUND NAME	FUND TICKER	CASH DISTRIBUTION PER UNIT $
BMO AAA CLO ETF	ZAAA	0.126
BMO AAA CLO ETF (Hedged Units)	ZAAA.F	0.124
BMO AAA CLO ETF (USD Units)*	ZAAA.U	0.126
BMO Aggregate Bond Index ETF	ZAG	0.039
BMO Balanced ETF (Target Cash Flow Units)	ZBAL.T	0.049
BMO BBB CLO ETF	ZBBZ	0.163
BMO BBB CLO ETF (Hedged Units)	ZBBZ.F	0.162
BMO BBB CLO ETF (USD Units)*	ZBBZ.U	0.163
BMO Canadian Core Plus US Balanced ETF	ZBCB	0.060
BMO Canadian Dividend ETF	ZDV	0.075
BMO Canadian High Dividend Covered Call ETF	ZWC	0.105
BMO Canadian MBS Index ETF	ZMBS	0.074
BMO Covered Call Canadian Banks ETF	ZWB	0.120
BMO Covered Call Canadian Banks ETF (USD Units)*	ZWB.U	0.140
BMO Covered Call Dow Jones Industrial Average Hedged to CAD ETF	ZWA	0.130
BMO Covered Call Energy ETF	ZWEN	0.220
BMO Covered Call Health Care ETF	ZWHC	0.160
BMO Covered Call Spread Gold Bullion ETF	ZWGD	0.170
BMO Covered Call Technology ETF	ZWT	0.245
BMO Covered Call US Banks ETF	ZWK	0.145
BMO Covered Call Utilities ETF	ZWU	0.070
BMO Discount Bond Index ETF	ZDB	0.022
BMO Emerging Markets Bond Hedged to CAD Index ETF	ZEF	0.042
BMO Equal Weight Banks Index ETF	ZEB	0.146
BMO Equal Weight REITs Index ETF	ZRE	0.089
BMO Equal Weight Utilities Index ETF	ZUT	0.069
BMO Europe High Dividend Covered Call ETF	ZWP	0.105
BMO Europe High Dividend Covered Call Hedged to CAD ETF	ZWE	0.120
BMO Floating Rate High Yield ETF	ZFH	0.061
BMO Global Dividend Opportunities Fund (Active ETF Series)	BGDV	0.034
BMO Global Enhanced Income Fund (ETF Series)	ZWQT	0.085
BMO Global High Dividend Covered Call ETF	ZWG	0.175
BMO Global Infrastructure Fund (Active ETF Series)	BGIF	0.050
BMO Global REIT Fund (Active ETF Series)	BGRT	0.055
BMO Government Bond Index ETF	ZGB	0.107
BMO Growth ETF (Target Cash Flow Units)	ZGRO.T	0.058
BMO High Yield US Corporate Bond Hedged to CAD Index ETF	ZHY	0.060
BMO High Yield US Corporate Bond Index ETF	ZJK	0.102
BMO High Yield US Corporate Bond Index ETF (USD Units)*	ZJK.U	0.096
BMO International Dividend ETF	ZDI	0.080
BMO International Dividend Hedged to CAD ETF	ZDH	0.080
BMO Laddered Preferred Share Index ETF	ZPR	0.056
BMO Laddered Preferred Share Index ETF (USD Units)*	ZPR.U	0.090
BMO Long Corporate Bond Index ETF	ZLC	0.056
BMO Long Federal Bond Index ETF	ZFL	0.027
BMO Long Provincial Bond Index ETF	ZPL	0.035
BMO Mid Corporate Bond Index ETF	ZCM	0.057
BMO Mid Federal Bond Index ETF	ZFM	0.033
BMO Mid Provincial Bond Index ETF	ZMP	0.040
BMO Mid-Term US IG Corporate Bond Hedged to CAD Index ETF	ZMU	0.048
BMO Mid-Term US IG Corporate Bond Index ETF	ZIC	0.069
BMO Mid-Term US IG Corporate Bond Index ETF (USD Units)*	ZIC.U	0.051
BMO Money Market Fund (ETF Series)	ZMMK	0.095
BMO Monthly Income ETF	ZMI	0.063
BMO Monthly Income ETF (USD Units)*	ZMI.U	0.038
BMO Premium Yield ETF	ZPAY	0.200
BMO Premium Yield ETF (Hedged Units)	ZPAY.F	0.175
BMO Premium Yield ETF (USD Units)*	ZPAY.U	0.180
BMO Real Return Bond Index ETF	ZRR	0.051
BMO Short Corporate Bond Index ETF	ZCS	0.047
BMO Short Federal Bond Index ETF	ZFS	0.029
BMO Short Provincial Bond Index ETF	ZPS	0.025
BMO Short-Term US IG Corporate Bond Hedged to CAD Index ETF	ZSU	0.049
BMO Ultra Short-Term Bond ETF	ZST	0.099
BMO Ultra Short-Term US Bond ETF (USD Units)*	ZUS.U	0.160
BMO US Aggregate Bond Index ETF	ZUAG	0.074
BMO US Aggregate Bond Index ETF (Hedged Units)	ZUAG.F	0.068
BMO US Aggregate Bond Index ETF (USD Units)*	ZUAG.U	0.071
BMO US Dividend ETF	ZDY	0.070
BMO US Dividend ETF (USD Units)*	ZDY.U	0.050
BMO US Dividend Growth ETF	ZBDU	0.070
BMO US Dividend Growth ETF (Hedged Units)	ZBDU.F	0.070
BMO US Dividend Hedged to CAD ETF	ZUD	0.045
BMO US High Dividend Covered Call ETF	ZWH	0.130
BMO US High Dividend Covered Call ETF (USD Units)*	ZWH.U	0.125
BMO US High Dividend Covered Call Hedged to CAD ETF	ZWS	0.105
BMO US Preferred Share Hedged to CAD Index ETF	ZHP	0.078
BMO US Preferred Share Index ETF	ZUP	0.092
BMO US Preferred Share Index ETF (USD Units)*	ZUP.U	0.086
BMO US Put Write ETF	ZPW	0.125
BMO US Put Write ETF (USD Units)*	ZPW.U	0.125
BMO US Put Write Hedged to CAD ETF	ZPH	0.120
BMO USD Cash Management ETF	ZUCM	0.089
BMO USD Cash Management ETF (USD Units)*	ZUCM.U	0.087

*Cash distribution per unit ($) amounts are USD for ZAAA.U, ZBBZ.U, ZWB.U, ZJK.U, ZPR.U, ZIC.U, ZMI.U, ZPAY.U, ZUS.U, ZUAG.U, ZDY.U, ZWH.U, ZUP.U, ZPW.U, and ZUCM.U.

Special Distribution

BMO Asset Management Inc., as manager of the BMO ETFs, also announced a special reinvested distribution for unitholders of BMO Global Communications Index ETF (TSX: COMM) (the "ETF").

The reinvested distribution for BMO Global Communications Index ETF generally represents net realized capital gains and net income. The reinvested distribution is not paid in cash, but is reinvested in additional Canadian dollar denominated units of BMO Global Communication Index ETF at a price equal to the net asset value per unit of the ETF.

The additional units will be immediately consolidated with the previously outstanding units such that the number of outstanding units following the special distribution will be equal to the number of units outstanding prior to the special distribution. A reinvested distribution will increase the unitholder's adjusted cost base for BMO Global Communications Index ETF. Non-resident unitholders may have the number of additional units reduced because of withholding tax.

Unitholders of record of the BMO ETF at the close of business on February 26, 2026 will receive the reinvested distribution. The actual taxable amount of the special reinvested distribution, including its tax characteristic, will be reported to brokers through CDS Clearing and Depository Services Inc. (CDS) in early 2027.

The special reinvested distribution amount per unit of the ETF is as follows:

Name of Fund	Ticker Symbol	Special Reinvested Distribution per Unit ($)
BMO Global Communications Index ETF	COMM	$2.505

¹ BMO ETFs are managed by BMO Asset Management Inc., an investment fund manager, a portfolio manager, and a separate legal entity from Bank of Montreal. ETF Series of the BMO Mutual Funds are managed by BMO Investments Inc., an investment fund manager and a separate legal entity from Bank of Montreal

.The Dow Jones Industrial Average Index CAD Hedged is a product of Dow Jones Opco, LLC ("Dow Jones Opco"), a subsidiary of S&P Dow Jones Indices LLC, and has been licensed for use. "Dow Jones®" and "Industrial Average Index CAD Hedged" are service marks of Dow Jones Trademark Holdings, LLC ("Dow Jones"), and have been licensed to Dow Jones Opco and sublicensed by BMO Asset Management Inc. in connection with ZWA and ZDJ. ZWA and ZDJ are not sponsored, endorsed, sold or promoted by Dow Jones Opco, Dow Jones and their respective affiliates, and they make no representation regarding the advisability of trading or investing in ZWA and ZDJ.

Further information about BMO ETFs and ETF Series of the BMO Mutual Funds can be found at www.bmoetfs.com.

Commissions, management fees and expenses all may be associated with investments in BMO ETFs and ETF Series of the BMO Mutual Funds. Please read the applicable ETF facts or prospectus of the relevant BMO ETF or ETF Series of BMO Mutual Fund before investing. BMO ETFs and ETF Series units of the BMO Mutual Funds are not guaranteed, their values change frequently, and past performance may not be repeated. For a summary of the risks of an investment in the BMO ETFs or ETF Series units of the BMO Mutual Funds, please see the specific risks set out in the relevant prospectus. BMO ETFs and ETF Series units of the BMO Mutual Funds 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.

The Target Cash Flow Units are subject to capital depletion risk. Target Cash Flow Units make monthly distributions of a fixed amount which may comprise, in whole or in part, of a return of capital ("ROC").

Distribution rates may change without notice (up or down) depending on market conditions. The payment of distributions should not be confused with an investment fund's performance, rate of return or yield. If distributions paid by an investment fund are greater than the performance of the fund, your original investment will shrink.

Distributions of net income and net taxable gains of the BMO ETF or the ETF Series units of a BMO Mutual Fund will be included in the unitholder's income for tax purposes in the year they are paid, whether or not such amounts are reinvested in additional units. A unitholder's adjusted cost base will be reduced by the amount of any returns of capital. If a unitholder's adjusted cost base goes below zero, such unitholder will have to pay capital gains tax on the amount below zero. Please refer to the summary of the principal income tax considerations set out in the prospectus for the relevant BMO ETF or ETF Series units of a BMO Mutual Fund. Investors should also consult their own tax advisors about their individual circumstances.

"BMO (M-bar roundel symbol)" is a registered trademark of Bank of Montreal, used under licence.

About BMO Global Asset Management

BMO Global Asset Management is a brand name under which BMO Asset Management Inc. and BMO Investments Inc. operate. Certain of the products and services offered under the brand name, BMO Global Asset Management, are designed specifically for various categories of investors in Canada and may not be available to all investors.

About BMO Financial Group 

BMO Financial Group is the seventh largest bank in North America by assets, with total assets of $1.5 trillion as of October 31, 2025. Serving clients for 200 years and counting, BMO is a diverse team of highly engaged employees providing a broad range of personal and commercial banking, wealth management, global markets and investment banking products and services to approximately 13 million clients across Canada, the United States, and in select markets globally. Driven by a single purpose, to Boldly Grow the Good in business and life, BMO is committed to driving positive change in the world, and making progress for a thriving economy, sustainable future, and stronger communities. 

SOURCE BMO Financial Group

Company Announcements

BMO Announces Cash Distributions and a Special Distribution for Certain BMO ETFs and ETF Series of BMO Mutual Funds for February 2026