Enhanced Investments - Financial Portal

BlackRock® Canada Announces Final Termination Proceeds Relating to the Termination of Certain iShares Funds

Published: 2023-10-25 02:53:00 ET

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

TORONTO, Oct. 24, 2023 (GLOBE NEWSWIRE) -- 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 USA Index ETF	XFS/XFS.U
iShares MSCI Multifactor EAFE Index ETF	XFI
iShares MSCI Multifactor Canada Index ETF	XFC
iShares ESG MSCI Canada Leaders Index ETF	XCLR
iShares ESG MSCI USA Leaders Index ETF	XULR
iShares ESG MSCI EAFE Leaders Index ETF	XDLR

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 24, 2023 and are as follows:

Terminating Fund Name	Ticker	Final Distribution		Post-distribution net asset valueper unit	Termination Proceeds per unit
Terminating Fund Name	Ticker	Income per unit	Capital gains per unit	Post-distribution net asset valueper unit	Termination Proceeds per unit
iShares MSCI Multifactor USA Index ETF	XFS	C$0.13524	-	C$37.076576	C$37.211816
iShares MSCI Multifactor USA Index ETF	XFS.U	US$0.07984	-	US$27.158057	US$27.237897
iShares MSCI Multifactor EAFE Index ETF	XFI	C$0.31484	-	C$22.624268	C$22.939108
iShares MSCI Multifactor Canada Index ETF	XFC	C$0.18457	-	C$26.874495	C$27.059065
iShares ESG MSCI Canada Leaders Index ETF	XCLR	C$0.05326	-	C$39.069447	C$39.122707
iShares ESG MSCI USA Leaders Index ETF	XULR	-	-	C$48.371586	C$48.371586
iShares ESG MSCI EAFE Leaders Index ETF	XDLR	C$0.42092	-	C$37.027816	C$37.448736

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. (“CDS”) on or about October 25, 2023, which investors will receive thereafter based on individual brokerage processing times.

A notional distribution of C$1.35596 per unit has been made to all unitholders of record as of July 28, 2023 of iShares ESG MSCI EAFE Leaders Index ETF resulting from a deemed year-end for tax purposes. This deemed year-end was triggered due to the fund having ceased to be a financial institution for the purposes of the Income Tax Act (Canada). A notional distribution occurs when a distribution is made in the form of units, which are then immediately consolidated with the units held prior to the distribution, so that the total number of units held after the distribution is identical to the number of units held prior to the distribution. The tax characteristics of the distribution will be reported to brokers via CDS.

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

Source: BlackRock Asset Management Canada Limited

Enhanced Investments, Inc.
329 South Oyster Bay Road #2085
Plainview, NY 11803
team@eninvs.com

Important disclosures

Performance results were prepared by Enhanced Investments, and have not been compiled, reviewed or audited by an independent accountant. Performance estimates are subject to future adjustment and revision. Investors should be aware that a loss of investment is possible. Account holdings are for illustrative purposes only and are not investment recommendations. Additional information, including (i) the calculation methodology; and (ii) a list showing the contribution of each holding to the portfolio’s performance during the time period will be provided upon request.
All statements made via social media sites sponsored or maintained by Enhanced Investments and its affiliates are for informational purposes only and do not constitute a comprehensive description of Enhanced Investments' investment advisory services.
Certain investments are not suitable for all investors. Before investing, consider your investment objectives and applicable fees. The rate of return on investments can vary widely over time, especially for long term investments. Investment losses are possible, including the potential loss of all amounts invested. Information provided by Enhanced Investments is for informational and general educational purposes only and is not investment or financial advice.

Nothing on this website should be considered an offer, solicitation of an offer, or advice to buy or sell securities.
Past performance is no guarantee of future results. Any historical returns, expected returns [or probability projections] are hypothetical in nature and may not reflect actual future performance.
All the strategies assume investments in equity invstrumenta only and are more relevant for "agressive investment profile". Eastern European flagship strategy assumes using up to 20% leverage of total portfolio. GlobalCommodities and US Growth strategy currently assume no leverage.
Results for the Enhanced Investments strategies as compared to the performance of Illustrative Benchmarks is for informational purposes only. Our investment program does not mirror that of the Illustrative Benchmarks and the volatility may be materially different from the volatility of Illustrative Benchmarks. Reference or comparison to an Illustrative Benchmark does not imply that strategies of Enhanced Investments will be constructed in the same way as the Illustrative Benchmark or achieve returns, volatility, or other results similar to those of the Illustrative Benchmark. The S&P 500 is an unmanaged market capitalization-weighted index of 500 common stocks chosen for market size, liquidity, and industry group representation to represent U.S. equity performance.
Performance results were prepared by Enhanced Investments, and have not been compiled, reviewed or audited by an independent accountant. Performance estimates are subject to future adjustment and revision. Investors should be aware that a loss of investment is possible. Account holdings are for illustrative purposes only and are not investment recommendations. Additional information, including (i) the calculation methodology; and (ii) a list showing the contribution of each holding to the portfolio’s performance during the time period will be provided upon request.
All statements made via social media sites sponsored or maintained by Enhanced Investments and its affiliates are for informational purposes only and do not constitute a comprehensive description of Enhanced Investments' investment advisory services.
Certain investments are not suitable for all investors. Before investing, consider your investment objectives and applicable fees. The rate of return on investments can vary widely over time, especially for long term investments. Investment losses are possible, including the potential loss of all amounts invested. Information provided by Enhanced Investments is for informational and general educational purposes only and is not investment or financial advice.