TORONTO, ONTARIO--(Marketwire - June 22, 2012) - BlackRock Investments Canada Inc., an indirect, wholly-owned subsidiary of BlackRock, Inc. (NYSE:BLK), today announces additional information regarding the termination of Claymore Inverse 10 Yr Government Bond ETF (the "Fund") that was announced on April 2, 2012.
The units of the Fund were delisted from the TSX on June 19, 2012.
The proceeds from the liquidation of the Fund, less all liabilities and expenses, if any, incurred in connection with the termination and dissolution of the Fund, if any, will be distributed on or around June 27, 2012. Each unitholder of the Fund will receive $16.9611 for each unit held on June 22, 2012. The net asset value per unit of the Fund on that date was $16.9611. Following this distribution, the Fund will be dissolved.
Further information on iShares funds can be found at www.iShares.ca.
BlackRock is a leader in investment management, risk management and advisory services for institutional and retail clients worldwide. At March 31, 2012, BlackRock's AUM was US$3.684 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® (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®. Headquartered in New York City, as of March 31, 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.
The iShares business 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.