SOURCE: Barclays Global Investors

Barclays Global Investors

April 09, 2009 08:30 ET

Barclays Enters Into Agreement to Sell Barclays Global Fund Advisors to CVC Capital Partners Group

SAN FRANCISCO, CA--(Marketwire - April 9, 2009) - On April 9, 2009, Barclays Global Investors UK Holdings Limited ("Barclays"), the parent company of Barclays Global Fund Advisors (the "Adviser"), entered into an agreement to sell its interest in the Adviser and certain affiliated companies to a newly created holding company of CVC Capital Partners Group SICAV-FIS S.A. (the "Transaction"). The Transaction is subject to certain regulatory approvals, as well as other customary conditions to closing. Subject to such approvals and the satisfaction of the other conditions, Barclays expects the Transaction to be completed later this year.

Under the Investment Company Act of 1940, as amended (the "1940 Act"), consummation of the Transaction will cause the automatic termination of certain of the Adviser's investment advisory agreements with 1940 Act-registered funds it advises (collectively, the "Funds"). In order for the management of each Fund to continue uninterrupted after consummation of the Transaction, each Fund's Board of Directors/Trustees (the "Board") will be asked to approve a new investment advisory agreement for each Fund with the Adviser. If approved by the Board, the new investment advisory agreement will be submitted to the shareholders of each Fund for their approval.

About Barclays Global Investors

Barclays Global Investors is one of the world's largest asset managers and a leading global provider of investment management products and services with more than 3,000 institutional clients and approximately $1.5 trillion of assets under management as of December 31, 2008. BGI transformed the investment industry by creating the first index strategy in 1971 and the first quantitative active strategy in 1979.

The iShares Funds ("Funds") are distributed by SEI Investments Distribution Co. (SEI). Barclays Global Fund Advisors is a subsidiary of Barclays Global Investors, N.A., a majority-owned subsidiary of Barclays Bank PLC, none of which is affiliated with SEI. CVC Capital Partners Group is not affiliated with SEI.

For further information about Barclays Global Investors, please visit our website © 2009 Barclays Global Investors, N.A. All rights reserved.