Ms. Reem Jazar reports

BLACKROCK CANADA ANNOUNCES ESTIMATED ANNUAL REINVESTED CAPITAL GAINS DISTRIBUTIONS FOR THE ISHARES ETFS

BlackRock Asset Management Canada Ltd. has estimated annual reinvested capital gains distributions for the iShares exchange-traded funds listed on the Toronto Stock Exchange or Cboe Canada for the 2023 tax year. Please note that these are estimated amounts only as of Dec. 15, 2023, and could change if the iShares funds experience subscriptions or redemptions prior to the ex dividend date or due to other factors.

These estimates are for the annual non-cash capital gains distributions, which are typically reinvested in additional units of the respective funds at year-end, and do not include estimates of continuing monthly, quarterly, semi-annual or annual cash distribution amounts. The additional units will be immediately consolidated with the previously outstanding units such that the number of outstanding units following the distributions will equal the number of units outstanding prior to the distributions.

BlackRock Canada expects to declare the final annual reinvested distribution amounts on or about Dec. 28, 2023, for all funds. The record date for the 2023 annual distributions will be Dec. 29, 2023, payable on Jan. 4, 2024. The actual taxable amounts of reinvested and cash distributions for 2023, including the tax characteristics of the distributions, will be reported to brokers (through CDS Clearing and Depository Services Inc.) in early 2024. BlackRock Canada expects to declare the final monthly, quarterly, semi-annual and annual cash distribution amounts, as applicable, for 2023 on or about Dec. 27, 2023, for all funds, except iShares Premium Money Market ETF, for which a press release will be issued on or about Dec. 28, 2023.

Details regarding the per-unit distribution amounts are provided in an attached table.

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