BlackRock Canada Announces Changes to its iShares Fund Lineup

TORONTO, ONTARIO--(Marketwired - June 18, 2015) - (TSX:CBR)(TSX:CBR.A)(TSX:CLO)(TSX:CLO.A)(TSX:CHI)(TSX:CHI.A)(TSX:CMW)(TSX:CMW.A)(TSX:XLA)(TSX:XVX)

BlackRock Asset Management Canada Limited ("BlackRock Canada"), an indirect, wholly-owned subsidiary of BlackRock, Inc. ("BlackRock") (NYSE:BLK) announced plans today to terminate the following funds (collectively, the "Terminating Funds"), based on an ongoing process to review its product lineup and ensure it meets the evolving needs of its clients. The Terminating Funds will terminate on or about September 4, 2015 (the "Termination Date").

BlackRock Canada expects that the units of each of the Terminating Funds will cease trading on the Toronto Stock Exchange (the "TSX") and be delisted from the TSX on or about August 27, 2015. As soon as practicable following the Termination Date, the assets of each Terminating Fund will be liquidated and the proceeds therefrom distributed, after paying or providing for all liabilities and obligations of such Terminating Fund, pro rata among unitholders of record of such Terminating Fund on the Termination Date. Following the termination and distributions described above with respect to a Terminating Fund, such Terminating Fund will be dissolved. BlackRock Canada will issue an additional press release on or about the Termination Date confirming final details of the terminations.

About BlackRock

BlackRock is a leader in investment management, risk management and advisory services for institutional and retail clients worldwide. At March 31, 2015, BlackRock's AUM was $4.774 trillion. BlackRock helps clients meet their goals and overcome challenges with a range of products that include separate accounts, mutual funds, iShares® (exchange-traded funds), and other pooled investment vehicles. BlackRock also offers risk management, advisory and enterprise investment system services to a broad base of institutional investors through BlackRock Solutions®. Headquartered in New York City, as of March 31, 2015, the firm had approximately 12,300 employees in more than 30 countries and a major presence in key global markets, including North and South America, Europe, Asia, Australia and the Middle East and Africa. For additional information, please visit the Company's website at www.blackrock.com/ca / Twitter: @BlackRockCA / Blog: www.blackrockblog.com/can

About iShares

iShares is a global leader in exchange-traded funds (ETFs), with more than a decade of expertise and commitment to individual and institutional investors of all sizes. With over 700 funds globally across multiple asset classes and strategies and more than $1 trillion in assets under management as of March 31, 2015, iShares helps clients around the world build the core of their portfolios, meet specific investment goals and implement market views. iShares funds are powered by the expert portfolio and risk management of BlackRock, trusted to manage more money than any other investment firm.

iShares® Funds are managed by BlackRock Asset Management Canada Limited. Commissions, management fees and expenses all may be associated with investing in iShares Funds. Please read the relevant prospectus before investing. The ETFs are not guaranteed, their values change frequently and past performance may not be repeated. Tax, investment and all other decisions should be made, as appropriate, only with guidance from a qualified professional.

© 2015 BlackRock Asset Management Canada Limited. All rights reserved. iSHARES® and BLACKROCK® are registered trademarks of BlackRock, Inc., or its subsidiaries in the United States and elsewhere. Used with permission.