BlackRock Canada Updates Unitholders on Meeting Postponement

Overview of Meeting Postponement

In a recent announcement, BlackRock Asset Management Canada Limited, known as BlackRock Canada, revealed the postponement of its unitholder meeting for the iShares Premium Money Market ETF. This meeting was originally scheduled for January 22, 2025, and has been moved to February 3, 2025, due to the disruptions caused by the Canada Post labour issues. The meeting will be conducted virtually, allowing unitholders to participate via a live audio webcast.

Proposed Change to Investment Objective

The primary agenda for this meeting is to seek approval for a change in the investment objective of the iShares Fund. This proposed amendment would allow the fund to invest in asset-backed commercial paper, enhancing the scope and flexibility of its investment strategy. BlackRock Canada is committed to providing unitholders with detailed information through a management information circular, which outlines this proposal and will be made available ahead of the meeting.

Voting Information for Unitholders

All unitholders of record, as of December 5, 2024, are encouraged to participate in the voting process. They can vote in several ways: they can complete and return their voting instruction forms by mail, utilize online voting through suggested web platforms, or contact the numbers set forth on their instruction forms. It's crucial for unitholders to be aware that potential delays in mail delivery are anticipated due to the current labour disruption, and thus, alternative voting methods are recommended to ensure timely participation.

Effective Date of Proposal

If the proposal to adjust the investment objective receives approval from the unitholders, BlackRock Canada anticipates that the changes will be implemented by February 7, 2025. This adjustment is viewed as a strategic move to align the fund's investment options with market opportunities, ultimately aiming to benefit the investors.

Insights on BlackRock and iShares

BlackRock is renowned for fostering financial well-being among its investors. As a leading provider of financial technology, the company aids millions in building their savings and making investment decisions simpler and more affordable. BlackRock's focus on innovative investment solutions is reflected in its iShares division, which comprises over 1,400 exchange-traded funds (ETFs). As of the end of September 2024, iShares managed assets worth approximately $4.2 trillion, a significant indicator of its trust and reliability in the financial industry.

iShares ETFs, under the careful management of BlackRock Asset Management Canada Limited, play a vital role in meeting the diverse needs of investors. The strategic adjustments being proposed during this unitholder meeting represent BlackRock's continuous endeavor to adapt its offerings to the global market dynamics.

Contact Information for Further Inquiries

For any further information regarding the iShares fund or the upcoming unitholder meeting, interested parties can reach out to Sydney Punchard at BlackRock Canada via the email provided.

Frequently Asked Questions

What was the reason for the postponement of the unitholder meeting?

The meeting was postponed due to labor disruptions affecting Canada Post services.

When will the rescheduled unitholder meeting take place?

The rescheduled meeting is set for February 3, 2025.

What is the main agenda of the unitholder meeting?

The primary agenda is to vote on a proposed change to the investment objective of the iShares Premium Money Market ETF.

How can unitholders cast their votes?

Unitholders can vote by mail, online, or via phone as instructed in their voting material.

What happens if the investment objective change gets approved?

If approved, the changes to the investment objective will be implemented on February 7, 2025.

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