BlackRock Asset Management Canada Limited (iShares)

BlackRock Asset Management Canada Limited (iShares)

November 19, 2013 17:20 ET

BlackRock Canada Announces Special Capital Gains Distributions for Certain Forward-Using iShares® Funds

TORONTO, ONTARIO--(Marketwired - Nov. 19, 2013) - (TSX:CAB)(TSX:CAB.A)(TSX:CYH)(TSX:CYH.A) -

BlackRock Asset Management Canada Limited ("BlackRock Canada"), an indirect, wholly owned subsidiary of BlackRock, Inc. (NYSE:BLK), today announced special capital gains distributions for the 2013 tax year for the iShares Advantaged Canadian Bond Index Fund ("CAB") and the iShares Global Monthly Advantaged Dividend Index Fund ("CYH").

Fund Name Fund Ticker Special Reinvested Distribution Per Unit
iShares Advantaged Canadian Bond Index Fund CAB 1.13514
CAB.A 0.47319
iShares Global Monthly Advantaged Dividend Index Fund CYH 3.92992
CYH.A 4.06333

These are special capital gains distributions, which will be paid in the form of reinvested distributions. Reinvested distributions will be automatically reinvested in additional units of the respective funds rather than paid in cash, and do not include ongoing monthly, quarterly, or semi-annual cash distribution amounts or any additional capital gains distributions. The additional units will be immediately consolidated with the previously outstanding units such that the number of outstanding units following the distribution will equal the number of units outstanding prior to the distribution.

The ex-dividend date for the special capital gains distributions will be November 26, 2013. The record date for the special capital gains distributions will be November 28, 2013, payable on December 3, 2013. The actual taxable amounts of these reinvested special distributions will be reported to brokers (through CDS Clearing and Depository Services, Inc. or "CDS") in early 2014.

On September 17, 2013, BlackRock Canada announced changes to seven forward-using iShares Funds, including CAB and CYH, in response to proposed new federal taxation rules that would deem gains on the settlement of certain forward agreements to be included in ordinary income rather than treated as capital gains. Each of CAB and CYH obtains exposure to a reference portfolio through a forward agreement. In connection with the changes made to CAB and CYH, their respective forward agreements were terminated in the fourth quarter of 2013. Each of CYH and CAB experienced significant capital gains in 2013 due primarily to the appreciation in value of its reference portfolio that was realized upon the termination of its forward agreement.

Further information on iShares Funds can be found at www.iShares.ca.

About BlackRock

BlackRock is a leader in investment management, risk management and advisory services for institutional and retail clients worldwide. At September 30, 2013, BlackRock's AUM was US$4.096 trillion. BlackRock offers products that span the risk spectrum to meet clients' needs, including active, enhanced and index strategies across markets and asset classes. Products are offered in a variety of structures including 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 September 30, 2013, the firm has approximately 11,200 employees in 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.

About iShares ETFs

iShares is the global product leader in exchange traded funds with over 600 funds globally across equities, fixed income and commodities, which trade on 20 exchanges worldwide. The iShares Funds are bought and sold like common stocks on securities exchanges. The iShares Funds are attractive to many individual and institutional investors and financial intermediaries because of their relative low cost, tax efficiency and trading flexibility. Investors can purchase and sell shares through any brokerage firm, financial advisor, or online broker, and hold the funds in any type of brokerage account. The iShares customer base consists of the institutional segment of pension plans and fund managers, as well as the retail segment of financial advisors and high net worth individuals.

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.

© 2013 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.

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