BlackRock Announces Unitholders Vote in Favour of the Change to the Investment Objective of the iShares(R) S&P(R)/TSX(R) Income
23 Agosto 2010 - 4:11PM
Marketwired Canada
BlackRock Asset Management Canada Limited ("BlackRock Canada"), an indirect,
wholly owned subsidiary of BlackRock, Inc. (NYSE:BLK), is pleased to announce
that, at a special meeting held today, unitholders approved the proposed change
to the investment objective of the iShares S&P/TSX Income Trust Index Fund
(TSX:XTR), as well as other related changes. BlackRock Canada expects that the
transition of XTR to the new investment objective will be implemented on or
about September 1st, 2010. BlackRock Canada expects that the rebalancing of
XTR's portfolio will be substantially completed by October 1st, 2010; however,
some rebalancing may continue following this period.
Summary of Approved Change to the Investment Objective
The new investment objective of XTR is to provide unitholders with a consistent
monthly cash distribution, with the potential for modest long-term capital
growth, by investing primarily in Canadian iShares funds that provide exposure
to a diversified portfolio of income-bearing investments. Exposure to these
types of income-bearing investments may also be obtained by investing directly
in them and/or through the use of derivatives. XTR's name will change to
"iShares Diversified Monthly Income Fund" on or about September 1st, 2010. The
ticker symbol of the fund will not change.
XTR's management fee will remain equal to 0.55% of XTR's net asset value per
year. XTR's management fee of 0.55% per year will include both management fees
paid directly, and those management and/or trustee fees paid indirectly through
holdings in other exchange-traded funds managed by BlackRock Canada or an
affiliate.
Bill Chinery, CEO of BlackRock Canada, commented: "At BlackRock Canada, we
believe that these changes will provide iShares investors with an efficient and
diversified tool for generating a regular stream of income at a very reasonable
cost. We are very pleased with the level of unitholder support for the changes".
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 June 30, 2010,
BlackRock's AUM was $3.151 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(R) (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 June 30, 2010, the firm has approximately 8,500 employees in 24
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 the 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.
iShares Diversified Mont... (TSX:XTR)
Gráfico Histórico do Ativo
De Nov 2024 até Dez 2024
iShares Diversified Mont... (TSX:XTR)
Gráfico Histórico do Ativo
De Dez 2023 até Dez 2024
Notícias em tempo-real sobre iShares Diversified Monthly Income ETF da Toronto Stock Exchange bolsa de valores: 0 artigos recentes
Mais Notícias de BlackRock Asset Management Canada Limited (iShares)