BlackRock Announces Estimated 2011 Annual Capital Gains Distributions for the iShares(R) Funds
November 17 2011 - 12:38PM
Marketwired
(TSX:XAL)(TSX:XBB)(TSX:XBM)(TSX:XBZ)(TSX:XCB)(TSX:XCG)(TSX:XCH)(TSX:XCR)(TSX:XCS)(TSX:XCV)(TSX:XDV)(TSX:XEB)(TSX:XEG)(TSX:XEI)(TSX:XEM)(TSX:XEN)(TSX:XFN)(TSX:XGB)(TSX:XGC)(TSX:XGD)(TSX:XGR)(TSX:XHB)(TSX:XHC)(TSX:XHY)(TSX:XIC)(TSX:XID)(TSX:XIG)(TSX:XIN)(TSX:XIT)(TSX:XIU)(TSX:XLA)(TSX:XLB)(TSX:XMA)(TSX:XMD)(TSX:XPF)(TSX:XQQ)(TSX:XRB)(TSX:XRE)(TSX:XSB)(TSX:XSH)(TSX:XSP)(TSX:XST)(TSX:XSU)(TSX:XTR)(TSX:XUT)(TSX:XVX)(TSX:XWD)
BlackRock Asset Management Canada Limited, an indirect, wholly
owned subsidiary of BlackRock, Inc. (NYSE:BLK), today announced the
estimated annual capital gains distributions for the iShares® Funds
listed below for the 2011 tax year. Please note that these are
estimated amounts only as of November 4, 2011 and include
forward-looking information which may cause the estimates to change
before the Funds' December 15, 2011 tax year-end. These estimates
are for the year-end capital gains distributions only, which are
typically reinvested rather than paid in cash, and do not include
estimates of ongoing monthly, quarterly, or semi-annual cash
distribution amounts.
We expect to announce the final year-end distribution amounts,
as well as the monthly, quarterly, and semi-annual cash
distribution amounts, on or about December 16, 2011. The
ex-dividend date for the 2011 annual distributions will be December
23, 2011. The record date for the 2011 annual distributions will be
December 29, 2011. The actual taxable amounts of reinvested and
cash distributions for 2011, including the tax characteristics of
the distributions, will be reported to brokers (through CDS
Clearing and Depository Services Inc. or "CDS") in early 2012.
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Estimated annual
Net asset value capital gain as %
Fund (NAV) per unit at of NAV at Nov 4,
Fund Name Ticker Nov 4, 2011 2011
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iShares Alternatives Completion
Portfolio Builder Fund XAL 25.39778 1.18%
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iShares DEX Universe Bond Index
Fund XBB 31.05516 0.32%
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iShares S&P®/TSX® Global Base
Metals Index Fund XBM 15.73875 0.00%
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iShares MSCI Brazil Index Fund XBZ 17.44076 0.00%
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iShares DEX All Corporate Bond
Index Fund XCB 20.96374 0.13%
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iShares Dow Jones Canada Select
Growth Index Fund XCG 24.25012 0.00%
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iShares China Index Fund XCH 18.55672 0.00%
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iShares Conservative Core
Portfolio Builder Fund XCR 23.06512 2.69%
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iShares S&P/TSX SmallCap Index
Fund XCS 16.40379 4.78%
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iShares Dow Jones Canada Select
Value Index Fund XCV 19.47951 1.17%
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iShares Dow Jones Canada Select
Dividend Index Fund XDV 20.25574 1.11%
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iShares J.P. Morgan USD Emerging
Markets Bond Index Fund (CAD-
Hedged) XEB 20.92064 0.00%
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iShares S&P/TSX Capped Energy
Index Fund XEG 17.59613 0.00%
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iShares S&P/TSX Equity Income
Index Fund XEI 18.94820 0.00%
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iShares MSCI Emerging Markets
Index Fund XEM 23.67993 0.00%
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iShares Jantzi Social Index Fund XEN 16.56468 0.00%
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iShares S&P/TSX Capped Financials
Index Fund XFN 21.09404 0.16%
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iShares DEX All Government Bond
Index Fund XGB 21.68832 0.05%
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iShares Global Completion
Portfolio Builder Fund XGC 24.26625 0.42%
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iShares S&P/TSX Global Gold Index
Fund XGD 26.50606 0.94%
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iShares Growth Core Portfolio
Builder Fund XGR 24.20466 1.70%
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iShares DEX HYBrid Bond Index
Fund XHB 20.32244 0.00%
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iShares S&P Global Healthcare
Index Fund (CAD-Hedged) XHC 19.80224 0.00%
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iShares U.S. High Yield Bond
Index Fund (CAD-Hedged) XHY 20.39703 0.67%
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iShares S&P/TSX Capped Composite
Index Fund XIC 19.56983 0.25%
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iShares S&P CNX Nifty India Index
Fund XID 19.19366 0.00%
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iShares U.S. IG Corporate Bond
Index Fund (CAD-Hedged) XIG 22.20069 1.73%
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iShares MSCI EAFE® Index Fund
(CAD-Hedged) XIN 15.86455 0.00%
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iShares S&P/TSX Capped
Information Technology Index
Fund XIT 6.71038 0.00%
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iShares S&P/TSX 60 Index Fund XIU 17.72313 0.00%
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iShares S&P Latin America 40
Index Fund XLA 19.70560 0.00%
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iShares DEX Long Term Bond Index
Fund XLB 22.37506 0.43%
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iShares S&P/TSX Capped Materials
Index Fund XMA 22.20932 1.30%
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iShares S&P/TSX Completion Index
Fund XMD 21.73967 0.00%
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iShares S&P/TSX North American
Preferred Stock Index Fund (CAD-
Hedged) XPF 19.42435 0.00%
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iShares NASDAQ 100 Index Fund
(CAD-Hedged) XQQ 19.67696 0.00%
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iShares DEX Real Return Bond
Index Fund XRB 24.85942 0.31%
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iShares S&P/TSX Capped REIT Index
Fund XRE 14.86181 2.52%
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iShares DEX Short Term Bond Index
Fund XSB 29.25368 0.00%
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iShares DEX Short Term Corporate
Universe + Maple Bond Index Fund XSH 20.04087 0.00%
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iShares S&P 500 Index Fund (CAD-
Hedged) XSP 14.34397 3.31%
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iShares S&P/TSX Capped Consumer
Staples Index Fund XST 20.58408 0.02%
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iShares Russell 2000® Index
Fund (CAD-Hedged) XSU 16.12622 0.00%
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iShares Diversified Monthly
Income Fund XTR 12.06382 0.00%
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iShares S&P/TSX Capped Utilities
Index Fund XUT 20.83497 0.10%
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iShares S&P/TSX Venture Index
Fund XVX 18.87078 0.00%
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iShares MSCI World Index Fund XWD 22.66273 0.00%
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Reasons for some of the larger estimated capital gains
distributions
XCS
The iShares S&P/TSX SmallCap Index Fund ("XCS") experienced
capital gains in 2011 due mostly to the disposition of securities
that were removed from its underlying index. Large contributors to
realized capital gains included Fronteer Gold, Inc. and Western
Coal Corporation, which were each acquired during the year. Other
significant contributors to realized capital gains were First
Majestic Silver Corporation, Celtic Exploration Ltd., Alacer Gold
Corporation, and Trilogy Energy Corporation, which were removed
from XCS's underlying index (and therefore sold by XCS), as a
result of increases in their respective share prices and market
capitalizations.
XRE
The iShares S&P/TSX Capped REIT Index Fund ("XRE")
experienced capital gains in 2011 due mostly to the increase in
value of the securities held in its portfolio. XRE must
periodically buy and sell securities as a result of changes to its
underlying index and in order to manage cash.
XSP
The iShares S&P 500 Index Fund (CAD-Hedged) ("XSP")
experienced capital gains in 2011 due mostly to realized gains on
forward contracts used to hedge currency exposure to the U.S.
dollar.
Forward-looking information
This notice contains forward-looking statements with respect to
the estimated annual distributions for the iShares Funds. By their
nature, these forward-looking statements involve risks and
uncertainties that could cause the actual distributions to differ
materially from those contemplated by the forward-looking
statements. Material factors that could cause the actual
distributions to differ from the estimated distributions between
now and December 15, 2011 (the iShares Funds' tax year
ends)include, but are not limited to: the actual amounts of
distributions received by the iShares Funds; the actual amounts of
capital gains generated from sales of securities; trading activity
within the iShares Funds, including buying and selling of
securities; index changes which cause rebalancing within the
iShares Funds; and subscription and redemption activity.
Further information on iShares Funds can be found at
www.iShares.ca.
About BlackRock®
BlackRock is a leader in investment management, risk management
and advisory services for institutional and retail clients
worldwide. At September 30, 2011, BlackRock's AUM was US$3.345
trillion. BlackRock offers products that span the risk spectrum to
meet clients' needs, including active, enhanced and index
strategies across markets and asset classes. Products are offered
in a variety of structures including separate accounts, mutual
funds, iShares® (exchange-traded funds), and other pooled
investment vehicles. BlackRock also offers risk management,
advisory and enterprise investment system services to a broad base
of institutional investors through BlackRock Solutions®.
Headquartered in New York City, as of September 30, 2011, the firm
has approximately 10,200 employees in 27 countries and a major
presence in key global markets, including North and South America,
Europe, Asia, Australia, and the Middle East and Africa. For
additional information, please visit the Company's website at
www.blackrock.com.
About iShares® ETFs
The iShares business is a global product leader in ETFs with
over 410 funds globally across equities, fixed income and
commodities, which trade on 16 exchanges worldwide. The iShares
funds are bought and sold like common stocks on securities
exchanges. The iShares funds are attractive to many individual and
institutional investors and financial intermediaries because of
their relative low cost, tax efficiency and trading flexibility.
Investors can purchase and sell securities through any brokerage
firm, financial advisor, or online broker, and hold the funds in
any type of brokerage account. The iShares customer base consists
of the institutional segment of pension plans and fund managers, as
well as the retail segment of financial advisors.
Contacts: Contact for Media: Veritas Communications Melissa
Prince 416-482-2669 or Cell:
416-704-8733prince@veritascanada.com
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