BlackRock Canada Announces Termination of Certain Agreements

BlackRock Canada Announces Termination of Certain Agreements With
CIBC Mellon and Its Affiliates 
TORONTO, ONTARIO -- (Marketwire) -- 10/05/12 -- BlackRock Investments
Canada Inc. (BlackRock Canada), an indirect, wholly owned subsidiary
of BlackRock, Inc. (NYSE:BLK), today announced that it has notified
CIBC Mellon Global Securities Services Company (CIBC Mellon) that it
is terminating the Custodial Services Agreement, Fund Administration
Services Agreement and Securities Lending Authorization agreement,
each between BlackRock Canada and CIBC Mellon, effective January
2013. 
BlackRock Canada has selected State Street Trust Company Canada
(SSTCC) to be the custodian for the funds managed by BlackRock Canada
following the termination and to provide fund administration services
previously provided by CIBC Mellon. It is expected that SSTCC will
appoint State Street Bank and Trust Company, an affiliate of SSTCC,
as a subcustodian. 
The changes announced in this press release are the result of a
review by BlackRock Canada of the administration of the funds managed
by it. BlackRock Canada believes that these changes will provide
benefits to these funds and will align its service providers with
those utilized by the funds managed by its affiliate, BlackRock Asset
Management Canada Limited.  
About BlackRock 
BlackRock is a leader in investment management, risk management and
advisory services for institutional and retail clients worldwide. At
June 30, 2012, BlackRock's AUM was US $3.560 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(R). Headquartered in New York City, as of June 30, 2012,
the firm has approximately 9,900 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(R) ETFs 
iShares is the global product leader in exchange traded funds with
over 500 funds globally across equities, fixed income and
commodities, which trade on 20 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 shares 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 and high net worth individuals. 
iShares(R) Funds are managed by BlackRock Asset Management Canada
Limited and BlackRock Investments Canada Inc. Commissions, management
fees and expenses all may be associated with investing in iShares
Funds. Please read the relevant prospectus before investing. The ETFs
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. 
Contacts:
Contact for Media:
Veritas Communications
Maeve Hannigan
T - 416-955-4570 or C - 647-618-8621
hannigan@veritascanada.com
 
 
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