BlackRock® Canada Announces November Cash Distributions for the iShares® ETFs and Partial Waiver of Annual Management Fee Payable by iShares MSCI Min Vol Emerging Markets Index ETF

TORONTO, Nov. 15, 2023 (GLOBE NEWSWIRE) — BlackRock Asset Management Canada Limited (“BlackRock Canada”), an indirect, wholly-owned subsidiary of BlackRock, Inc. (NYSE: BLK), today announced the November 2023 cash distributions for the iShares ETFs listed on the TSX or Cboe Canada which pay on a monthly basis, as well as iShares S&P/TSX 60 Index ETF (XIU) and iShares Canadian Real Return Bond Index ETF (XRB). Unitholders of record of a fund, with exception of XRB, on November 22, 2023 will receive cash distributions payable in respect of that fund on November 30, 2023. Unitholders of record of XRB on December 4, 2023 will receive cash distributions on December 7, 2023.

Details regarding the “per unit” distribution amounts are as follows:

_{⁽¹⁾ Distribution per unit amounts are in U.S. dollars for XAGG.U, XCBU.U, XDG.U, XDU.U, XSHU.U, XSTP.U, XTLT.U}

Estimated November Cash Distributions for the iShares Premium Money Market ETF

The November cash distributions per unit for the iShares Premium Money Market ETF are estimated to be as follows:

BlackRock Canada expects to issue a press release on or about November 21, 2023, which will provide the final amounts for the iShares Premium Money Market ETF.

November Reinvested Distributions for the iShares Canadian Real Return Bond Index ETF

The distributions are for the reinvested distributions, which are typically reinvested in additional units of the respective funds, and do not include ongoing semi-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.

Partial Waiver of Annual Management Fee Payable by iShares MSCI Min Vol Emerging Markets Index ETF (XMM)

BlackRock Canada today also announces that it has agreed to extend a partial waiver of the annual management fee that would otherwise be payable by iShares MSCI Min Vol Emerging Markets Index ETF (the Waiver). After giving effect to the Waiver, BlackRock Canada is entitled to receive an annual management fee from XMM equal to 0.40% of the net asset value of XMM. The Waiver will expire on December 20, 2024. BlackRock Canada may discontinue, amend or extend the Waiver at any time without giving notice to (other than by press release) or seeking approval from unitholders of XMM.

Without the Waiver, XMM’s annual management fee would be 0.79% of the fund’s net asset value. Further information relating to XMM is included in the prospectus for XMM dated June 29, 2023, and will be available at http://www.blackrock.com/ca.

Further information on the iShares Funds can be found at http://www.blackrock.com/ca.

About BlackRock

BlackRock’s purpose is to help more and more people experience financial well-being. As a fiduciary to investors and a leading provider of financial technology, we help millions of people build savings that serve them throughout their lives by making investing easier and more affordable. For additional information on BlackRock, please visit www.blackrock.com/corporate | Twitter: @BlackRockCA

About iShares ETFs

iShares unlocks opportunity across markets to meet the evolving needs of investors. With more than twenty years of experience, a global line-up of 1300+ exchange traded funds (ETFs) and US$3.12 trillion in assets under management as of September 30, 2023, iShares continues to drive progress for the financial industry. iShares funds are powered by the expert portfolio and risk management of BlackRock.

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.}

^{Standard & Poor’s® and S&P® are registered trademarks of Standard & Poor’s Financial Services LLC (“S&P”). Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC (“Dow Jones”). TSX is a registered trademark of TSX Inc. (“TSX”). All of the foregoing trademarks have been licensed to S&P Dow Jones Indices LLC and sublicensed for certain purposes to BlackRock Fund Advisors (“BFA”),  which in turn has sub-licensed these marks to its affiliate, BlackRock Asset Management Canada Limited (“BlackRock Canada”), on behalf of the applicable fund(s). The index is a product of S&P Dow Jones Indices LLC, and has been licensed for use by BFA and by extension, BlackRock Canada and the applicable fund(s). The funds are not sponsored, endorsed, sold or promoted by S&P Dow Jones Indices LLC, Dow Jones, S&P, any of their respective affiliates (collectively known as “S&P Dow Jones Indices”) or TSX, or any of their respective affiliates. Neither S&P Dow Jones Indices nor TSX make any representations regarding the advisability of investing in such funds.}

^{MSCI is a trademark of MSCI, Inc. (“MSCI”). The ETF is permitted to use the MSCI mark pursuant to a license agreement between MSCI and BlackRock Institutional Trust Company, N.A., relating to, among other things, the license granted to BlackRock Institutional Trust Company, N.A. to use the Index. BlackRock Institutional Trust Company, N.A. has sublicensed the use of this trademark to BlackRock. The ETF is not sponsored, endorsed, sold or promoted by MSCI and MSCI makes no representation, condition or warranty regarding the advisability of investing in the ETF.}

Contact for Media:
Reem Jazar
Email: reem.jazar@blackrock.com