BMO CI C.A.P.I.T.A.L. Deposit Notes Enhanced Yield Class
October 31, 2005

The CI C.A.P.I.T.A.L Deposit Notes, Enhanced Yield Class, provide up to 200% exposure to different portfolios of CI mutual funds. The Notes pay monthly distributions equal to 75% of the actual distributions received from the funds held in the portfolio. The balance of 25% of the distributions that are not paid out are reinvested in the structure for the benefit of the investor. The Notes employ a unique dynamic asset allocation strategy to provide ongoing exposure to the portfolio as well as to ensure principal protection at maturity.

The Canadian market, especially the income trust sector, experienced unusual volatility in October. During this period of market volatility, the Notes have taken on a more defensive position by reducing exposure to the underlying CI Fund Portfolio. The result of our more defensive asset allocation has been that the NAV of the Note has fallen by less than the NAV of the underlying fund portfolio.

 

October Performance


Enhanced Yield Class, Series 1
-4.41%
Enhanced Yield Class, Series 2
-4.51%
Enhanced Yield Class, Series 3
-4.64%
Enhanced Yield Class, Series 4
-2.56%
Enhanced Yield R.O.C. Class, Series 1
-2.56%
Signature High Income Fund
-5.16%
Signature Income & Growth Fund
-4.59%

Source: globefund.com, October 31, 2005

 

Enhanced Yield Series 1

Linked to the performance of the Signature High Income Fund
Issue Date:  March 23, 2005
Price: $100.93
Total Distributions paid to date:  $2.1356
Total Return from Issue Date: 3.07%

Enhanced Yield Class, Series 2

Linked to the performance of the Signature Income and Growth Fund
Issue Date:  May 11, 2005
Price: $102.17
Total Distributions paid to date:  $1.9414
Total Return from Issue Date: 4.11%

Enhanced Yield Class, Series 3

Linked to the performance of the Signature High Income Fund and Signature Income & Growth Fund
Issue Date:  July 21, 2005
Price: $98.73
Total Distributions paid to date:  $1.1077
Total Return from Issue Date: -0.16%

Enhanced Yield Class, Series 4

Linked to the performance of the Signature High Income Fund
Issue Date:  September 21, 2005
Price: $97.15
Total Distributions paid to date:  $0.2897
Total Return from Issue Date: -2.56%

Enhanced Yield R.O.C. Class, Series 1

Linked to the performance of the Signature High Income Fund
Issue Date:  September 21, 2005
Price: $97.15
Total Distributions paid to date:  $0.2897
Total Return from Issue Date: -2.56%