BlackRock® Canada Announces Termination of iShares Short Duration High Income ETF (CAD-Hedged)
November 10 2022 - 5:58PM
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 fund (the
“
Terminating Fund”). The Terminating Fund will
terminate on or about January 25, 2023 (the “
Termination
Date”).
Fund Name |
Ticker |
iShares Short Duration High Income ETF (CAD-Hedged) |
CSD |
BlackRock Canada expects that the units of the
Terminating Fund will cease trading on the Toronto Stock Exchange
(the “TSX”) and be delisted from the TSX on or about January 18,
2023.
The final monthly distribution is expected to be
declared on or about December 21, 2022 and paid on or about January
5, 2023.
In connection with the termination, the assets
of the Terminating Fund will be liquidated. As the Terminating
Fund’s portfolio assets may be sold for cash prior to the
Termination Date, the Terminating Fund may accordingly deviate from
its investment objectives and strategies. As soon as practicable
following the Termination Date, the liquidation proceeds will be
distributed, after paying or providing for all liabilities and
obligations of the Terminating Fund, pro rata among unitholders of
record of the Terminating Fund on the Termination Date. Following
the termination and distributions described above with respect to
the Terminating Fund, the Terminating Fund will be dissolved.
BlackRock Canada will issue an additional press release on or about
the Termination Date confirming final details of the
termination.
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 900+ exchange traded funds
(ETFs) and US$2.62 trillion in assets under management as of
September 30, 2022, 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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