BlackRock Asset Management Canada Limited (iShares)

BlackRock Asset Management Canada Limited (iShares)

March 16, 2015 16:49 ET

ICE Benchmark Administration (IBA) Confirmed as the New Administrators of the New LBMA Gold Price

TORONTO, ONTARIO--(Marketwired - March 16, 2015) - (TSX:CGL)(TSX:CGL.C) - iShares, the industry-leading exchange-traded fund (ETF) business at BlackRock Asset Management Canada Limited (BlackRock Canada), an indirect, wholly-owned subsidiary of BlackRock, Inc. (BlackRock), is notifying unitholders of iShares Gold Bullion ETF (CGL) regarding a change in the pricing source used in the valuation of gold bullion.

The London Bullion Market Association ("LBMA") has announced that, effective March 20, 2015, it will launch the new "LBMA Gold Price" which will replace the London Gold Fix. The LBMA has confirmed ICE Benchmark Administration ("IBA") as the new, third party administrator for the LBMA Gold Price. With effect from March 20, 2015, CGL expects to use this new gold price mechanism for valuing gold bullion.

This change in pricing source will not affect CGL's investment objective which will continue to replicate the performance of the price of gold bullion, less CGL's fees and expenses, by investing in long-term holdings of unencumbered gold bullion in 100 or 400 troy ounce international bar sizes.

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

About BlackRock

BlackRock is a leader in investment management, risk management and advisory services for institutional and retail clients worldwide. At December 31, 2014, BlackRock's AUM was $4.652 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 December 31, 2014, the firm had approximately 12,200 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/ca

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 December 31, 2014, 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, trailing commissions, management fees and expenses all may be associated with investing in iShares Funds. 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.

© 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.

Contact Information