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BlackRock® Canada Announces Estimated Annual Reinvested Capital Gains Distributions for the iShares® ETFs

Written by Customer Service on . Posted in Public Companies.

TORONTO, Dec. 20, 2019 (GLOBE NEWSWIRE) — 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 TSX or NEO for the 2019 tax year.  Please note that these are estimated amounts only as of December 16, 2019 and could change if the iShares Funds experience subscriptions or redemptions prior to the ex-dividend date or due to other factors.
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.BlackRock Canada expects to announce the final annual reinvested distribution amounts on or about December 30, 2019, for all funds. The record date for the 2019 annual distributions will be December 31, 2019, payable on January 6, 2020. The actual taxable amounts of reinvested and cash distributions for 2019, including the tax characteristics of the distributions, will be reported to brokers (through CDS Clearing and Depository Services Inc. or “CDS”) in early 2020. BlackRock Canada expects to announce the final monthly, quarterly, semi-annual, and annual cash distribution amounts, as applicable, for 2019, on or about December 27, 2019, for all funds except the iShares Premium Money Market ETF, for which a press release will be issued on or about December 30, 2019.Details regarding the “per unit” distribution amounts are as follows:(1) Distribution per unit amounts are USD for XAW.U, XDG.U, XDU.U, XEC.U, XEF.U, XFS.U, XMC.U, XMU.U, XUS.U, and XUU.U
(2) DXZ had a 3:1 unit split for Record Date December 16, 2019. The estimated cash distribution per unit is post unit split.
(3) For iShares Canadian Real Return Bond Index ETF (XRB) only, the distribution amount includes an income component.

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