Ms. Maeve Hannigan reports
BLACKROCK CANADA ANNOUNCES PARTIAL WAIVER OF ANNUAL MANAGEMENT FEES PAYABLE BY
ISHARES MSCI EAFE MINIMUM VOLATILITY INDEX ETF
BlackRock Asset Management Canada Ltd., an indirect, wholly owned subsidiary of BlackRock Inc., has agreed to extend a partial waiver of the annual management fee that would otherwise be payable by iShares MSCI EAFE Minimum Volatility Index ETF. After giving effect to the waiver, BlackRock Canada is entitled to receive an annual management fee from XMI equal to 0.35 per cent of the net asset value of XMI. The waiver will expire on Nov. 30, 2016. BlackRock Canada may discontinue, amend or extend the waiver at any time without giving notice to (other than by press release) or seeking approval from unitholders of XMI.
Without the waiver, XMI's annual management fee would be 0.45 per cent of the fund's net asset value.
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