BLK BlackRock Inc

BlackRock Asset Management Canada Limited (“BlackRock Canada”), an indirect, wholly-owned subsidiary of BlackRock, Inc. (“BlackRock”) (NYSE: BLK), is announcing that iShares Jantzi Social Index ETF (the “iShares ETF”) is expected to experience higher than normal portfolio turnover as a result of upcoming changes to the evaluation process used to determine the composition of the Morningstar Jantzi Social Index (the “Index”). The iShares ETF seeks to replicate the performance of the Index, net of expenses. The composition of the Index will change as part of its regularly scheduled rebalance on June 20, 2025 (the “Rebalance”). As a result of the Rebalance, the iShares ETF may experience higher than normal transaction costs and is also expected to realize net capital gains. However, the iShares ETF’s total net capital gains income for the year will not be known until its tax year ends on December 15, 2025. The iShares ETF will follow its normal process for determining and distributing capital gains in December 2025.

Morningstar, Inc. (“Morningstar”), the index provider of the Index, announced that effective June 20, 2025: (1) the name of the Index will change to Morningstar Jantzi Social Index; (2) the Index will be reviewed semi-annually in June and December instead of annually in March; (3) the new parent benchmark for the Index will be the Morningstar Canada Large-Mid Index; and (4) certain other changes will be made by Morningstar to the ESG exclusions and constituent selection criteria for the Index.

For more information about the iShares ETF, please visit www.blackrock.com/ca.

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 1500+ exchange traded funds (ETFs) and US$4.3 trillion in assets under management as of March 31, 2025, 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.

The ETF is not in any way sponsored, endorsed, sold or promoted by Morningstar. Morningstar does not accept any liability whatsoever to any person arising out of the use of the ETF or the underlying data. “Morningstar” is a trademark and is used under license.

Contact for Media: Sydney PunchardEmail: Sydney.Punchard@blackrock.com