BlackRock® Canada Announces Final Termination Proceeds Relating to the Termination of Certain iShares Funds
31 October 2023 - 1:59PM
BlackRock Asset Management Canada Limited (“
BlackRock
Canada”), an indirect, wholly-owned subsidiary of
BlackRock, Inc. (“
BlackRock”) (NYSE:BLK) today
announces additional information regarding the termination of the
following funds (the “
Terminating Funds”) that was
announced on August 11, 2023.
Terminating Fund Name |
Ticker |
iShares MSCI Multifactor EAFE Index ETF (CAD-Hedged) |
XFF |
iShares MSCI Multifactor USA Index ETF (CAD-Hedged) |
XFA |
The units of the Terminating Funds were delisted
from the Toronto Stock Exchange on October 17, 2023. The proceeds
from the liquidation of the assets, less all liabilities and
expenses incurred in connection with this termination of the
Terminating Funds (the “Termination Proceeds”)
were determined on October 30, 2023 and are as follows:
Terminating Fund Name |
Ticker |
Final Distribution (CAD) |
Post-distributionnet assetvalue per
unit (CAD) |
TerminationProceeds perunit (CAD) |
Income per unit |
Capital gains per unit |
iShares MSCI Multifactor EAFE Index ETF (CAD-Hedged) |
XFF |
$ |
0.31923 |
- |
$ |
26.869108 |
$ |
27.188338 |
iShares MSCI Multifactor USA Index ETF (CAD-Hedged) |
XFA |
$ |
0.14147 |
- |
$ |
33.500600 |
$ |
33.642070 |
Each unitholder will receive the Termination
Proceeds (including the final distribution) on a pro rata basis and
in the currency shown in the table above and no further action is
required by unitholders.
The proceeds of termination will be paid out to
CDS Clearing and Depository Services Inc. on or about October 31,
2023, which investors will receive thereafter based on individual
brokerage processing times.
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$3.12 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.
Contact for Media: Reem Jazar
Email: reem.jazar@blackrock.com
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