TORONTO, ONTARIO--(Marketwired - Nov. 23, 2015) - A correction from source is being issued in regards to the release that was sent on November 20, 2015 at 4:30 pm ET. The paragraph for XIC has been updated. The corrected release follows.
(TSX:CBD) (TSX:CBD.A) (TSX:CBH) (TSX:CBH.A) (TSX:CBN) (TSX:CBN.A) (TSX:CBO) (TSX:CBO.A) (TSX:CBQ) (TSX:CBQ.A) (TSX:CDZ) (TSX:CDZ.A) (TSX:CEW) (TSX:CEW.A) (TSX:CGL) (TSX:CGL.C) (TSX:CGR) (TSX:CGR.A) (TSX:CHB) (TSX:CHB.A) (TSX:CIE) (TSX:CIE.A) (TSX:CIF) (TSX:CIF.A) (TSX:CJP) (TSX:CJP.A) (TSX:CLF) (TSX:CLF.A) (TSX:CLG) (TSX:CLG.A) (TSX:CLU) (TSX:CLU.A) (TSX:CLU.B) (TSX:CLU.C) (TSX:CMR) (TSX:CMR.A) (TSX:COW) (TSX:COW.A) (TSX:CPD) (TSX:CPD.A) (TSX:CRQ) (TSX:CRQ.A) (TSX:CSD) (TSX:CSD.A) (TSX:CUD) (TSX:CUD.A) (TSX:CVD) (TSX:CVD.A) (TSX:CWO) (TSX:CWO.A) (TSX:CWW) (TSX:CWW.A) (TSX:CYH) (TSX:CYH.A) (TSX:FIE) (TSX:FIE.A) (TSX:SVR) (TSX:SVR.C) (TSX:XAL) (TSX:XAW) (TSX:XBB) (TSX:XBM) (TSX:XBZ) (TSX:XCB) (TSX:XCD) (TSX:XCG) (TSX:XCH) (TSX:XCR) (TSX:XCS) (TSX:XCV) (TSX:XDV) (TSX:XEB) (TSX:XEC) (TSX:XEF) (TSX:XEG) (TSX:XEH) (TSX:XEI) (TSX:XEM) (TSX:XEN) (TSX:XEU) (TSX:XFA) (TSX:XFC) (TSX:XFF) (TSX:XFH) (TSX:XFI) (TSX:XFN) (TSX:XFR) (TSX:XFS) (TSX:XGB) (TSX:XGC) (TSX:XGD) (TSX:XGI) (TSX:XGR) (TSX:XHB) (TSX:XHC) (TSX:XHD) (TSX:XHU) (TSX:XHY) (TSX:XIC) (TSX:XID) (TSX:XIG) (TSX:XIN) (TSX:XIT) (TSX:XIU) (TSX:XLB) (TSX:XMA) (TSX:XMC) (TSX:XMD) (TSX:XMH) (TSX:XMI) (TSX:XMM) (TSX:XMU) (TSX:XMV) (TSX:XMW) (TSX:XPF) (TSX:XQB) (TSX:XQB.A) (TSX:XQQ) (TSX:XRB) (TSX:XRE) (TSX:XSB) (TSX:XSC) (TSX:XSE) (TSX:XSH) (TSX:XSI) (TSX:XSP) (TSX:XSQ) (TSX:XST) (TSX:XSU) (TSX:XTR) (TSX:XUH) (TSX:XUS) (TSX:XUT) (TSX:XUU) (TSX:XWD)
BlackRock Asset Management Canada Limited ("BlackRock Canada"), an indirect, wholly-owned subsidiary of BlackRock, Inc. (NYSE:BLK), today announced the estimated annual reinvested capital gains distributions for the iShares ETFs listed on the Toronto Stock Exchange for the 2015 tax year. Please note that these are estimated amounts only as of October 15, 2015 and may reflect forward-looking assumptions made by management. As these are estimated amounts, the final capital gains distributions may change by the Funds' December 15, 2015 tax year-end.
These estimates are for the annual non-cash capital gains distributions, which are typically reinvested in additional units of the respective funds at the year-end, and do not include estimates of ongoing monthly, quarterly, semi-annual, or annual cash distribution amounts. 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.
We expect to announce the final annual reinvested distribution amounts, as well as the monthly, quarterly, semi-annual, and annual cash distribution amounts, as applicable, for 2015, on or about December 18, 2015. The record date for the 2015 annual distributions will be December 31, 2015, payable on January 6, 2016. The actual taxable amounts of reinvested and cash distributions for 2015, including the tax characteristics of the distributions, will be reported to brokers (through CDS Clearing and Depository Services Inc. or "CDS") in early 2016.
| Fund Name | Fund Ticker | Net asset value (NAV) per unit at Nov 13, 2015 | Estimated annual reinvested capital gains as % of NAV at Nov 13, 2015 | ||
| iShares Balanced Income CorePortfolio™ Index ETF | CBD | 20.621035 | 2.63% | ||
| CBD.A | 20.497556 | 2.59% | |||
| iShares 1-10 Year Laddered Corporate Bond Index ETF | CBH | 19.623990 | 0.00% | ||
| CBH.A | 19.561043 | 0.00% | |||
| iShares Balanced Growth CorePortfolio™ Index ETF | CBN | 17.956461 | 2.40% | ||
| CBN.A | 18.052801 | 2.40% | |||
| iShares 1-5 Year Laddered Corporate Bond Index ETF | CBO | 19.175276 | 0.00% | ||
| CBO.A | 19.117068 | 0.00% | |||
| iShares BRIC Index ETF | CBQ | 17.860960 | 0.00% | ||
| CBQ.A | 17.779458 | 0.00% | |||
| iShares S&P/TSX Canadian Dividend Aristocrats Index ETF | CDZ | 23.576111 | 5.10% | ||
| CDZ.A | 23.421415 | 5.38% | |||
| iShares Equal Weight Banc & Lifeco ETF | CEW | 9.877447 | 2.39% | ||
| CEW.A | 7.595266 | 0.00% | |||
| iShares Gold Bullion ETF | CGL | 9.569431 | 0.00% | ||
| CGL.C | 12.814760 | 0.00% | |||
| iShares Global Real Estate Index ETF | CGR | 27.752686 | 1.39% | ||
| CGR.A | 27.587870 | 1.42% | |||
| iShares U.S. High Yield Fixed Income Index ETF (CAD-Hedged) | CHB | 18.480260 | 0.00% | ||
| CHB.A | 18.425208 | 0.00% | |||
| iShares International Fundamental Index ETF | CIE | 17.968191 | 3.26% | ||
| CIE.A | 17.976701 | 3.26% | |||
| iShares Global Infrastructure Index ETF | CIF | 22.572907 | 1.29% | ||
| CIF.A | 22.560904 | 1.86% | |||
| iShares Japan Fundamental Index ETF (CAD-Hedged) | CJP | 14.740960 | 0.00% | ||
| CJP.A | 14.447927 | 0.00% | |||
| iShares 1-5 Year Laddered Government Bond Index ETF | CLF | 19.103276 | 0.00% | ||
| CLF.A | 19.015691 | 0.00% | |||
| iShares 1-10 Year Laddered Government Bond Index ETF | CLG | 19.515691 | 0.00% | ||
| CLG.A | 19.403714 | 0.00% | |||
| iShares US Fundamental Index ETF | CLU | 26.271695 | 0.00% | ||
| CLU.A | 26.043316 | 0.00% | |||
| CLU.B | 29.086626 | 0.00% | |||
| CLU.C | 29.339640 | 0.00% | |||
| iShares Premium Money Market ETF | CMR | 50.007326 | 0.00% | ||
| CMR.A | 49.999484 | 0.00% | |||
| iShares Global Agriculture Index ETF | COW | 31.062638 | 2.44% | ||
| COW.A | 30.386137 | 2.44% | |||
| iShares S&P/TSX Canadian Preferred Share Index ETF | CPD | 13.354516 | 0.00% | ||
| CPD.A | 13.338403 | 0.00% | |||
| iShares Canadian Fundamental Index ETF | CRQ | 12.273186 | 0.00% | ||
| CRQ.A | 12.212155 | 0.00% | |||
| iShares Advantaged Short Duration High Income ETF (CAD-Hedged) | CSD | 18.540552 | 0.00% | ||
| CSD.A | 18.482712 | 0.00% | |||
| iShares US Dividend Growers Index ETF (CAD-Hedged) | CUD | 31.351299 | 0.00% | ||
| CUD.A | 31.142172 | 0.00% | |||
| iShares Convertible Bond Index ETF | CVD | 18.104936 | 0.00% | ||
| CVD.A | 18.078194 | 0.00% | |||
| iShares Emerging Markets Fundamental Index ETF | CWO | 26.780194 | 0.00% | ||
| CWO.A | 26.670798 | 0.00% | |||
| iShares Global Water Index ETF | CWW | 27.947818 | 0.00% | ||
| CWW.A | 27.913701 | 0.00% | |||
| iShares Global Monthly Dividend Index ETF (CAD-Hedged) | CYH | 16.568803 | 0.00% | ||
| CYH.A | 16.429592 | 0.00% | |||
| iShares Canadian Financial Monthly Income ETF | FIE | 6.617309 | 0.00% | ||
| FIE.A | 6.220655 | 0.00% | |||
| iShares Silver Bullion ETF | SVR | 8.195634 | 0.00% | ||
| SVR.C | 7.734179 | 0.00% | |||
| iShares Alternatives Completion Portfolio Builder Fund | XAL | 26.979116 | 0.00% | ||
| iShares Core MSCI All Country World ex Canada Index ETF | XAW | 20.390459 | 0.00% | ||
| iShares Canadian Universe Bond Index ETF | XBB | 31.192220 | 0.56% | ||
| iShares S&P/TSX Global Base Metals Index ETF | XBM | 7.655197 | 0.00% | ||
| iShares MSCI Brazil Index ETF | XBZ | 8.598924 | 0.00% | ||
| iShares Canadian Corporate Bond Index ETF | XCB | 21.094619 | 0.19% | ||
| iShares S&P Global Consumer Discretionary Index ETF (CAD-Hedged) | XCD | 28.574544 | 0.00% | ||
| iShares Canadian Growth Index ETF | XCG | 27.387188 | 0.00% | ||
| iShares China Index ETF | XCH | 23.923825 | 0.00% | ||
| iShares Conservative Core Portfolio Builder Fund | XCR | 23.020901 | 0.00% | ||
| iShares S&P/TSX SmallCap Index ETF | XCS | 12.379186 | 0.00% | ||
| iShares Canadian Value Index ETF | XCV | 21.355166 | 0.00% | ||
| iShares Canadian Select Dividend Index ETF | XDV | 21.576252 | 0.00% | ||
| iShares J.P. Morgan USD Emerging Markets Bond Index ETF (CAD-Hedged) | XEB | 20.718354 | 0.00% | ||
| iShares Core MSCI Emerging Markets IMI Index ETF | XEC | 21.291084 | 0.00% | ||
| iShares Core MSCI EAFE IMI Index ETF | XEF | 26.883427 | 0.28% | ||
| iShares S&P/TSX Capped Energy Index ETF | XEG | 11.115775 | 0.00% | ||
| iShares MSCI Europe IMI Index ETF (CAD-Hedged) | XEH | 21.013174 | 0.00% | ||
| iShares Core S&P/TSX Composite High Dividend Index ETF | XEI | 18.303912 | 0.00% | ||
| iShares MSCI Emerging Markets Index ETF | XEM | 25.255842 | 0.15% | ||
| iShares Jantzi Social Index ETF | XEN | 19.432050 | 0.00% | ||
| iShares MSCI Europe IMI Index ETF | XEU | 21.734861 | 0.23% | ||
| iShares FactorSelect™ MSCI USA Index ETF (CAD-Hedged) | XFA | 20.817800 | 0.00% | ||
| iShares FactorSelect™ MSCI Canada Index ETF | XFC | 19.265242 | 0.00% | ||
| iShares FactorSelect™ MSCI EAFE Index ETF (CAD-Hedged) | XFF | 21.456295 | 0.00% | ||
| iShares Core MSCI EAFE IMI Index ETF (CAD-Hedged) | XFH | 19.697954 | 0.00% | ||
| iShares FactorSelect™ MSCI EAFE Index ETF | XFI | 20.811409 | 0.00% | ||
| iShares S&P/TSX Capped Financials Index ETF | XFN | 29.864410 | 0.00% | ||
| iShares Floating Rate Index ETF | XFR | 20.025387 | 0.00% | ||
| iShares FactorSelect™ MSCI USA Index ETF | XFS | 20.475923 | 0.00% | ||
| iShares Canadian Government Bond Index ETF | XGB | 21.777437 | 0.98% | ||
| iShares Global Completion Portfolio Builder Fund | XGC | 28.937806 | 0.00% | ||
| iShares S&P/TSX Global Gold Index ETF | XGD | 7.774767 | 0.00% | ||
| iShares S&P Global Industrials Index ETF (CAD-Hedged) | XGI | 25.309072 | 0.00% | ||
| iShares Growth Core Portfolio Builder Fund | XGR | 26.584358 | 0.00% | ||
| iShares Canadian HYBrid Corporate Bond Index ETF | XHB | 20.218347 | 0.00% | ||
| iShares Global Healthcare Index ETF (CAD-Hedged) | XHC | 40.383447 | 0.00% | ||
| iShares U.S. High Dividend Equity Index ETF (CAD-Hedged) | XHD | 23.689438 | 0.00% | ||
| iShares U.S. High Dividend Equity Index ETF | XHU | 19.866099 | 0.00% | ||
| iShares U.S. High Yield Bond Index ETF (CAD-Hedged) | XHY | 19.283576 | 0.00% | ||
| iShares Core S&P/TSX Capped Composite Index ETF | XIC | 20.752693 | 2.19% | ||
| iShares India Index ETF | XID | 27.244730 | 0.00% | ||
| iShares U.S. IG Corporate Bond Index ETF (CAD-Hedged) | XIG | 22.699258 | 0.00% | ||
| iShares MSCI EAFE® Index ETF (CAD-Hedged) | XIN | 23.102471 | 0.00% | ||
| iShares S&P/TSX Capped Information Technology Index ETF | XIT | 12.302487 | 0.00% | ||
| iShares S&P/TSX 60 Index ETF | XIU | 19.330618 | 0.74% | ||
| iShares Core Canadian Long Term Bond Index ETF | XLB | 23.056796 | 0.00% | ||
| iShares S&P/TSX Capped Materials Index ETF | XMA | 9.181772 | 0.00% | ||
| iShares S&P U.S. Mid-Cap Index ETF | XMC | 14.382837 | 0.00% | ||
| iShares S&P/TSX Completion Index ETF | XMD | 21.222442 | 0.00% | ||
| iShares S&P U.S. Mid-Cap Index ETF (CAD-Hedged) | XMH | 14.118128 | 0.00% | ||
| iShares MSCI EAFE Minimum Volatility Index ETF | XMI | 33.161188 | 0.00% | ||
| iShares MSCI Emerging Markets Minimum Volatility Index ETF | XMM | 24.472873 | 0.00% | ||
| iShares MSCI USA Minimum Volatility Index ETF | XMU | 37.184909 | 1.78% | ||
| iShares MSCI Canada Minimum Volatility Index ETF | XMV | 25.156520 | 0.00% | ||
| iShares MSCI All Country World Minimum Volatility Index ETF | XMW | 32.914361 | 0.00% | ||
| iShares S&P/TSX North American Preferred Stock Index ETF (CAD-Hedged) | XPF | 17.996174 | 0.00% | ||
| iShares Core High Quality Canadian Bond Index ETF | XQB | 20.694315 | 0.00% | ||
| XQB.A | 20.642912 | 0.00% | |||
| iShares NASDAQ 100 Index ETF (CAD-Hedged) | XQQ | 37.203437 | 0.00% | ||
| iShares Canadian Real Return Bond Index ETF | XRB | 23.759855 | 0.30% | ||
| iShares S&P/TSX Capped REIT Index ETF | XRE | 14.738023 | 0.24% | ||
| iShares Canadian Short Term Bond Index ETF | XSB | 28.484698 | 0.00% | ||
| iShares Conservative Short Term Strategic Fixed Income ETF | XSC | 19.892658 | 0.00% | ||
| iShares Conservative Strategic Fixed Income ETF | XSE | 19.887510 | 0.00% | ||
| iShares Core Canadian Short Term Corporate + Maple Bond Index ETF | XSH | 19.680375 | 0.00% | ||
| iShares Short Term Strategic Fixed Income ETF | XSI | 19.235830 | 0.00% | ||
| iShares Core S&P 500 Index ETF (CAD-Hedged) | XSP | 23.409822 | 0.00% | ||
| iShares Core Short Term High Quality Canadian Bond Index ETF | XSQ | 20.012418 | 0.00% | ||
| iShares S&P/TSX Capped Consumer Staples Index ETF | XST | 46.601127 | 2.59% | ||
| iShares U.S. Small Cap Index ETF (CAD-Hedged) | XSU | 24.832399 | 0.00% | ||
| iShares Diversified Monthly Income ETF | XTR | 10.866628 | 0.00% | ||
| iShares Core S&P U.S. Total Market Index ETF (CAD-Hedged) | XUH | 19.269075 | 0.00% | ||
| iShares Core S&P 500 Index ETF | XUS | 33.866252 | 0.13% | ||
| iShares S&P/TSX Capped Utilities Index ETF | XUT | 19.119212 | 0.00% | ||
| iShares Core S&P U.S. Total Market Index ETF | XUU | 20.773983 | 0.00% | ||
| iShares MSCI World Index ETF | XWD | 40.476226 | 0.33% |
Reasons for some of the larger estimated annual reinvested capital gains distributions are as follows:
CIE
The iShares International Fundamental Index ETF ("CIE") experienced capital gains as a result of the appreciation of securities held in its portfolio, with gains realized on the sale of certain securities such as Novartis AG, Toyota Motor Corp and Hutchison Whampoa Ltd.
XIC
The iShares Core S&P/TSX Capped Composite Index ETF ("XIC") experienced capital gains as a result of the appreciation of securities held in its portfolio. Some of the larger components of the gains were realized as a result of the acquisitions of Catamaran Corp and Tim Hortons Inc.
CDZ
The iShares S&P/TSX Canadian Dividend Aristocrats Index ETF ("CDZ") experienced capital gains in 2015 primarily due to the appreciation of securities held in the portfolio, and realized on the sale of securities in connection with the disposition of securities held as part of the normal course of operations. Some of the larger components of the gains were realized on the disposition of shares in Constellation Software Inc., which was deleted from the index due to lack of dividend increases and acquisition of Tim Hortons Inc.
CBD
The iShares Balanced Growth CorePortfolio™ Index ETF ("CBD") realized capital gains in 2015 in connection with the sale of securities on international equity exposures due to portfolio rebalancing.
CBN
The iShares Balanced Growth CorePortfolio™ Index ETF ("CBN") realized capital gains in 2015 through the sale of securities on international equity exposures as a result of portfolio rebalancing.
Further information on the iShares Funds can be found at www.blackrock.com/ca.
Forward-looking information
This notice contains forward-looking statements with respect to the annual reinvested capital gains 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 the estimated distributions set forth in this notice. Factors that could cause the actual distributions to differ from the estimated distributions between now and December 15, 2015 (the iShares Funds' tax year end) 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
BlackRock is a global leader in investment management, risk management and advisory services for institutional and retail clients. At September 30, 2015, BlackRock's AUM was US $4.506 trillion. BlackRock helps clients around the world 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®. As of September 30, 2015, the firm had approximately 12,900 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 ETFs
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 US $1 trillion in assets under management as of September 30, 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.[1]
[1]Based on US $4.506 trillion in AUM as of 9/30/15.
iShares® ETFs are managed by BlackRock Asset Management Canada Limited.
Commissions, trailing commissions, management fees and expenses all may be associated with investing in iShares ETFs. Please read the relevant prospectus before investing. The funds 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.
Contact Information:
Maeve Hannigan
416-643-4058
Maeve.Hannigan@blackrock.com