GGOF launches fund-linked deposit notes

Fund manager and Bank of Montreal subsidiary Guardian Group of Funds (GGOF) has launched three principal protected deposit notes linked to the performance of the GGOF Dividend Growth Fund.

The 100% principal protected Bank of Montreal GGOF Core Protected Deposit Notes, series 5, 6, and 7, feature a dynamic asset allocation strategy that provides up to 200% exposure to a portfolio of dividend-paying stocks. The six-year notes are available in three classes: the Total Return Class which provides long-term capital growth by nominally reinvesting all the fund portfolio distributions.

The Yield Class pays a regular monthly income equal to the distribution rate of the fund which is

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