New Issue: BMO sells $6.44 million notes linked to basket of closed-end funds

New York, July 12 – Bank of Montreal priced $6.44 million of notes due July 16, 2018 linked to a basket of 25 closed-end funds selected by Raymond James & Associates, Inc., according to a 424B2 filing with the Securities and Exchange Commission.

The funds in the basket are Morgan Stanley Asia Pacific Fund, Inc. with a 1.14% weight, Liberty All-Star Growth Fund with a 1.17% weight, BlackRock Enhanced Equity Dividend Trust with a 5% weight, BlackRock Energy and Resources Trust with a 5% weight, BlackRock Science and Technology Trust with a 5% weight, John Hancock Financial Opportunities Fund with a 5% weight, Nuveen S&P 500 Buy-Write Income Fund with a 5% weight, BlackRock Enhanced Capital and Income Fund, Inc. with a 5% weight, Duff & Phelps Global Utility Income Fund Inc. with a 5% weight, Eaton Vance Tax-Advantaged Global Dividend Fund with a 5% weight, Eaton Vance Tax-Advantaged Global Dividend Opportunities Fund with a 5% weight, Eaton Vance Tax-Managed Diversified Equity Income Fund with a 5% weight, First Trust Dynamic Europe Equity Income Fund with a 5% weight, First Trust Enhanced Equity Income Fund with a 3.11% weight, Gabelli Dividend & Income Trust with a 5% weight, Guggenheim Enhanced Equity Income Fund with a 3.33% weight, John Hancock Hedged Equity & Income Fund with a 3.05% weight, Voya Global Equity Dividend and Premium Opportunity Fund with a 5% weight, Nuveen Core Equity Alpha Fund with a 3.24% weight, Lazard Global Total Return & Income Fund, Inc. with a 1.8% weight, Morgan Stanley Emerging Markets Fund, Inc. with a 1.94% weight, Royce Global Value Trust with a 1.22% weight, Cohen & Steers Quality Income Realty Fund, Inc. with a 5% weight, Tekla World Healthcare Fund with a 5% weight and Tri-Continental Corp. with a 5% weight.

The payout at maturity will be par of $1,000 times 97.80% times the performance of the basket.

Because of the 97.80% participation rate, investors will receive less than par if the basket return is less than 102.25% of its initial level.

The notes will pay a coupon equal to the 97.80% participation rate multiplied by the dividends paid on the underlying funds.

For each fund, its initial price is the average of its average intraday prices on June 23, June 26, June 27, June 28, June 29, June 30, July 5, July 6 and July 7.

The final prices will be the average of the intraday prices for June 27, 2018, June 28, 2018, June 29, 2018, July 2, 2018, July 3, 2018, July 5, 2018, July 6, 2018, July 9, 2018, July 10, 2018 and July 11, 2018.

BMO Capital Markets Corp. is the agent.

Issuer:	Bank of Montreal
Issue:	Notes
Underlying funds:	Morgan Stanley Asia Pacific Fund, Inc. with a 1.14% weight, Liberty All-Star Growth Fund with a 1.17% weight, BlackRock Enhanced Equity Dividend Trust with a 5% weight, BlackRock Energy and Resources Trust with a 5% weight, BlackRock Science and Technology Trust with a 5% weight, John Hancock Financial Opportunities Fund with a 5% weight, Nuveen S&P 500 Buy-Write Income Fund with a 5% weight, BlackRock Enhanced Capital and Income Fund, Inc. with a 5% weight, Duff & Phelps Global Utility Income Fund Inc. with a 5% weight, Eaton Vance Tax-Advantaged Global Dividend Fund with a 5% weight, Eaton Vance Tax-Advantaged Global Dividend Opportunities Fund with a 5% weight, Eaton Vance Tax-Managed Diversified Equity Income Fund with a 5% weight, First Trust Dynamic Europe Equity Income Fund with a 5% weight, First Trust Enhanced Equity Income Fund with a 3.11% weight, Gabelli Dividend & Income Trust with a 5% weight, Guggenheim Enhanced Equity Income Fund with a 3.33% weight, John Hancock Hedged Equity & Income Fund with a 3.05% weight, Voya Global Equity Dividend and Premium Opportunity Fund with a 5% weight, Nuveen Core Equity Alpha Fund with a 3.24% weight, Lazard Global Total Return & Income Fund, Inc. with a 1.8% weight, Morgan Stanley Emerging Markets Fund, Inc. with a 1.94% weight, Royce Global Value Trust with a 1.22% weight, Cohen & Steers Quality Income Realty Fund, Inc. with a 5% weight, Tekla World Healthcare Fund with a 5% weight and Tri-Continental Corp. with a 5% weight
Amount:	$6,440,000
Maturity:	July 16, 2018
Coupon:	97.80% of dividend of underlying funds
Price:	Par
Payout at maturity:	Par times 97.80% times the basket return
Initial price:	For each fund, average of its average intraday prices on June 23, June 26, June 27, June 28, June 29, June 30, July 5, July 6 and July 7
Final price:	For each fund, average of its closing share prices on June 27, 2018, June 28, 2018, June 29, 2018, July 2, 2018, July 3, 2018, July 5, 2018, July 6, 2018, July 9, 2018, July 10, 2018 and July 11, 2018
Pricing date:	June 23
Settlement date:	June 30
Agent:	BMO Capital Markets Corp., distribution by Raymond James
Fees:	1.25%
Cusip:	06367TXH8

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