BlackRock Asset Management Canada Limited (iShares)

BlackRock Asset Management Canada Limited (iShares)

December 02, 2009 12:19 ET

BlackRock Asset Management Canada Limited Announces Estimated Annual Capital Gains Distributions for the iShares Funds

TORONTO, ONTARIO--(Marketwire - Dec. 2, 2009) - (TSX:XAL)(TSX:XBB)(TSX:XCB)(TSX:XCG)(TSX:XCR)(TSX:XCS)(TSX:XCV)(TSX:XDV)(TSX:XEG)(TSX:XEM)(TSX:XEN)(TSX:XFN)(TSX:XGB)(TSX:XGC)(TSX:XGD)(TSX:XGR)(TSX:XIC)(TSX:XIN)(TSX:XIT)(TSX:XIU)(TSX:XLB)(TSX:XMA)(TSX:XMD)(TSX:XRB)(TSX:XRE)(TSX:XSB)(TSX:XSP)(TSX:XSU)(TSX:XTR)(TSX:XWD) BlackRock Asset Management Canada Limited announces today the estimated annual capital gains distributions for the iShares Funds for the 2009 tax year. Please note that these are estimated amounts only as of November 13, 2009 and include forward-looking information which may cause the estimates to change before the Funds' December 15 tax year-end.  These estimates are for the year-end capital gains distributions only, which are typically reinvested rather than paid in cash, and do not include estimates of ongoing quarterly, semi-annual or annual cash distribution amounts. 

We expect to announce the final year-end distribution amounts, as well as the quarterly, semi-annual and annual cash distribution amounts, on or about December 17. The record date for the 2009 annual distributions will be December 30. The distributions will be paid/reinvested on December 31, and the ex-dividend date will be December 24. The actual taxable amounts of reinvested and cash distributions for 2009, including the tax characteristics of the distributions, will be reported to brokers (through CDS) in early 2010. 

Ticker SymbolEstimated annual capital gain per unit to Nov 13, 2009Net asset value (NAV) per unit at Nov 13, 2009Estimated annual capital gain as % of NAV at Nov 13, 2009
XAL0.4423023.490691.88%
XBB-29.556660.00%
XCB0.1914320.337870.94%
XCG-21.388560.00%
XCR0.2317821.623281.07%
XCS-13.349020.00%
XCV-17.984480.00%
XDV-18.116090.00%
XEG-18.042940.00%
XEM-24.328500.00%
XEN-16.337450.00%
XFN-21.798770.00%
XGB0.0050220.514300.02%
XGC-22.878620.00%
XGD-22.462060.00%
XGR-22.394540.00%
XIC-18.002900.00%
XIN-17.881470.00%
XIT-6.588200.00%
XIU-17.067980.00%
XLB-19.521130.00%
XMA-18.142920.00%
XMD-17.392540.00%
XRB-20.016700.00%
XRE-10.721080.00%
XSB0.0676329.248440.23%
XSP-12.727760.00%
XSU-12.927910.00%
XTR-10.847590.00%
XWD-22.664100.00%

Reasons for some of the larger estimated capital gains distributions

XAL
The iShares Alternatives Completion Portfolio Builder Fund ("XAL") experienced capital gains in 2009 due mostly to realized gains on investments in ETFs which provide exposure to property, commodities, and emerging markets. XAL also realized capital gains on forward contracts used to hedge currency exposure to the U.S. dollar. XAL's portfolio is generally rebalanced on a quarterly basis.

XCR
The iShares Conservative Core Portfolio Builder Fund ("XCR") experienced capital gains in 2009 due mostly to realized gains on investments in ETFs which provide exposure to property. XCR's portfolio is generally rebalanced on a quarterly basis.

XCB
The iShares CDN Corporate Bond Index Fund ("XCB") experienced capital gains in 2009 due to broad-based decreases in corporate bond yields (and corresponding increases in bond prices) over the year. XCB's portfolio is rebalanced from time to time in order to maintain aggregate characteristics that are similar to those of its underlying index.

Forward-looking information
This notice contains forward-looking statements with respect to the estimated annual distributions for the iShares Funds. By their nature, these forward-looking statements involve risks and uncertainties that could cause the actual distributions to differ materially from those contemplated by the forward-looking statements. Material factors that could cause the actual distributions to differ from the estimated distributions between now and December 15 (the iShares Funds' tax year ends), include, but are not limited to: the actual amounts of distributions received by the iShares Funds; the actual amounts of capital gains generated from sales of securities; trading activity within the iShares Funds, including buying and selling of securities; index changes which cause rebalancing within the iShares Funds; and subscription and redemption activity.

About BlackRock Asset Management Canada Limited
BlackRock Asset Management Canada Limited and its affiliates worldwide ("BlackRock") is one of the largest institutional investment managers in the world. BlackRock leads the world in managing index funds and exchange traded funds (ETFs), with over 200 iShares Funds representing $488 billion in assets. As at September 30, 2009, BlackRock Asset Management Canada Limited managed over $69 billion in Canadian assets and in other assets for Canadian clients, including over $22 billion in the TSX-listed iShares Funds. BlackRock Asset Management Canada Limited has offices in Toronto and Montreal.

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