BlackRock® Canada Announces Changes to its iShares Fund Lineup

Listing:            TSX (Toronto Stock Exchange)                       
                                                                                                            
Symbol:           XFS, XFS.U, XFI, XFC, XFF, XFA, XCLR, XULR, XDLR

TORONTO, Aug. 11, 2023 (GLOBE NEWSWIRE) -- BlackRock Asset Management Canada Limited ("BlackRock Canada"), an indirect, wholly-owned subsidiary of BlackRock, Inc. ("BlackRock") (NYSE:BLK) announced plans today to terminate the following funds (collectively, the "Terminating Funds"), based on an ongoing process to review its product lineup and meet the evolving needs of Canadian investors. Each Terminating Fund will terminate on or about the applicable termination date set out below (with respect to a Terminating Fund, its "Termination Date").

BlackRock Canada expects that the units of each of the Terminating Funds will cease trading on the Toronto Stock Exchange (the "TSX") and be delisted from the TSX on or about October 17, 2023. The distribution reinvestment plan for each Terminating Fund will be terminated on or about September 15, 2023.

In connection with the termination, the assets of each Terminating Fund will be liquidated. As a Terminating Fund's portfolio assets may be sold for cash prior to the applicable Termination Date, such Terminating Fund may accordingly deviate from its investment objectives and strategies. As soon as practicable following the applicable Termination Date for a Terminating Fund, the liquidation proceeds will be distributed, after paying or providing for all liabilities and obligations of such Terminating Fund, pro rata among unitholders of record of such Terminating Fund on the applicable Termination Date for such Terminating Fund. Following the termination and distributions described above with respect to a Terminating Fund, such Terminating Fund will be dissolved. BlackRock Canada will issue an additional press release on or about each Termination Date confirming final details of the terminations.

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.

About iShares

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$3.21 trillion in assets under management as of June 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.

Contact for Media:
Reem Jazar
Email: [email protected]