| GGOF
Launches New Series of Principal Protected Deposit Notes Based on
GGOF Dividend Growth Fund TORONTO, November 22, 2007 – Guardian Group of Funds Ltd. (GGOF) today announced the launch of Bank of Montreal GGOF C.O.R.E. Protected Deposit Notes, Series 5, 6, and 7. The Deposit Notes are based on the performance of GGOF Dividend Growth Fund, which is managed by Michael Stanley of Jones Heward Investment Counsel Inc. The Deposit Notes feature a dynamic asset allocation strategy that provides up to 200 per cent exposure to a portfolio of dividend-paying stocks in order to enhance returns. The Deposit Notes also provide investors with 100 per cent principal protection if held to maturity by Bank of Montreal as issuer. With a maximum annual fee of 2.60 per cent, the Deposit Notes are competitively priced and are available in three classes for greater choice in meeting individual investor needs: Total Return Class is suited for investors seeking long-term capital growth. All the Fund Portfolio distributions will be notionally reinvested. Yield Class is ideal for investors seeking regular monthly income. Distributions will be 100 per cent of the Distribution Rate of the Fund and will be treated as interest income for income tax purposes. R.O.C. Class is suitable for investors seeking regular monthly distributions and tax deferral. Distributions will be 100 per cent of the Distribution Rate of the Fund and will be R.O.C. (Return of Capital), which is tax deferred until maturity or when the Deposit Note is sold. Each series has a 6-year term. “GGOF Dividend Growth Fund is an excellent core holding for investors seeking long-term capital growth. Michael Stanley of Jones Heward manages the Fund, which has a strong long-term track record investing in a portfolio of dividend-paying stocks,” said Gavin Graham, GGOF’s Chief Investment Officer. “The addition of a dynamic asset allocation strategy and the availability of principal protection at maturity make it that much more appealing. With their very competitive pricing and availability in three different classes, the Deposit Notes have been structured to be of interest to as wide an investor audience as possible.” GGOF Dividend Growth Fund Guardian Group of Funds GGOF is a member of the BMO Financial Group and part of the organization’s Private Client Group. The Private Client Group provides integrated wealth management services in Canada and the United States and had total assets under management and administration and term investments of $277 billion as at July 31, 2007. The above is for information purposes only and is not, and under no circumstances shall be construed as, an offering of the Deposit Notes or as investment advice. The information contained herein is intended to be read in conjunction with the related Information Statement and is qualified in its entirety by reference to the applicable Information Statement. The fluctuations in the value of, and the return on, the Fund Portfolio
will directly impact the distributions and return, if any, on the Deposit
Notes. And in the case of R.O.C. class and Yield Class, the Distribution
on the Fund Portfolios will impact the distribution of the Deposit Notes.
It is possible that no return will be paid on the Deposit Notes. The
return, if any, on the Deposit Notes will be reduced by applicable fees
and sales prior to maturity may be subject to an early trading charge
as set out in the applicable Information Statement. Investors should
read the Information Statement carefully before investing and discuss
the suitability of the Deposit Notes with an Investment Advisor before
making any investment decisions. - 30 - Contacts: Gavin Graham, GGOF,
416-350-3151 Internet: |