BlackRock® Canada Announces Risk Rating Changes, Annual Management Fee Reductions and Commencement of Securities Lending Transactions

TORONTO, June 26, 2025 (GLOBE NEWSWIRE) -- BlackRock Asset Management Canada Limited (“BlackRock Canada”), an indirect, wholly-owned subsidiary of BlackRock, Inc. (“BlackRock”) (NYSE:BLK) today announced updates to the investment risk ratings of certain iShares exchange-traded funds (“iShares ETFs”), a reduction to the annual management fees of certain iShares ETFs, and the commencement of securities lending transactions of certain iShares ETFs, as further described below. Risk Rating Changes BlackRock Canada announces updated investment risk ratings of the iShares ETFs listed below, effective as of June 26, 2025: iShares ETF NameTickerPrevious Risk RatingUpdated Risk RatingiShares Core MSCI US Quality Dividend Index ETF(1)XDUMedium to LowMediumiShares Japan Fundamental Index Fund (CAD-Hedged)CJPMedium to HighMediumiShares US Fundamental Index ETF(2)CLUMediumMedium to High (1) This investment risk rating change only applies to the Canadian dollar units (XDU) and not to the U.S. dollar units (XDU.U). (2) This investment risk rating change only applies to the hedged units (CLU) and not to the non-hedged units (CLU.C). Annual Management Fee Reductions BlackRock Canada has reduced the annual management fees of the iShares ETFs listed below, effective as of July 2, 2025: iShares ETF NameTickerCurrent Management FeeNew Management FeeiShares 0-5 TIPS Bond Index ETFXSTP, XSTP.U0.15%0.10%iShares 0-5 TIPS Bond Index ETF (CAD-Hedged)XSTH0.15%0.10% Securities Lending Transactions BlackRock Canada also announces that it may engage in securities lending transactions (the “Transactions”) from time to time for iShares Bitcoin ETF (“IBIT”) in compliance with applicable securities laws. This is a standard practice for many Canadian iShares ETFs. BlackRock Canada is issuing this announcement to provide 60 days’ prior written notice to unitholders of IBIT that IBIT may enter into the Transactions on or after August 25, 2025. The prospectus of IBIT dated June 26, 2025, discloses additional information regarding the Transactions, including the policies related to engaging in the Transactions and the related risks. About BlackRock BlackRock’s purpose is to help more and more people experience financial well-being. As a fiduciary to investors and a leading provider of financial technology, we help millions of people build savings that serve them throughout their lives by making investing easier and more affordable. For additional information on BlackRock, please visit www.blackrock.com/corporate. About iShares iShares unlocks opportunity across markets to meet the evolving needs of investors. With more than twenty years of experience, a global line-up of 1500+ exchange traded funds (“ETFs”) and US$4.3 trillion in assets under management as of March 31, 2025, iShares continues to drive progress for the financial industry. iShares funds are powered by the expert portfolio and risk management of BlackRock. iShares ETFs are managed by BlackRock Asset Management Canada Limited. Commissions, trailing commissions, management fees and expenses all may be associated with investing in iShares ETFs. Please read the relevant prospectus before investing. The funds 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. Standard & Poor’s® and S&P® are registered trademarks of Standard & Poor’s Financial Services LLC (“S&P”). TSX is a registered trademark of TSX Inc. (“TSX”). All of the foregoing trademarks have been licensed to S&P Dow Jones Indices LLC and sublicensed for certain purposes to BlackRock Fund Advisors (“BFA”), which in turn has sub-licensed these marks to its affiliate, BlackRock on behalf of the applicable ETFs. The Index is a product of S&P Dow Jones Indices LLC, and has been licensed for use by BFA and by extension, BlackRock and the applicable ETFs. The ETFs are not sponsored, endorsed, sold or promoted by S&P Dow Jones Indices LLC, Dow Jones, S&P, any of their respective affiliates (collectively known as “S&P Dow Jones Indices”) or TSX, or any of their respective affiliates. Neither S&P Dow Jones Indices nor TSX make any representations regarding the advisability of investing in the ETFs. MSCI is a trademark of MSCI, Inc. (“MSCI”). The ETFs are permitted to use the MSCI mark pursuant to a license agreement between MSCI and BlackRock Institutional Trust Company, N.A., relating to, among other things, the license granted to BlackRock Institutional Trust Company, N.A. to use the Index. BlackRock Institutional Trust Company, N.A. has sublicensed the use of this trademark to BlackRock. The ETF is not sponsored, endorsed, sold or promoted by MSCI and MSCI makes no representation, condition or warranty regarding the advisability of investing in the ETF. ©2025 BlackRock Asset Management Canada Limited. All rights reserved. iSHARES and BLACKROCK are registered trademarks of BlackRock, Inc., or its subsidiaries in the United States and elsewhere. Used with permission. Contact for Media:Sydney PunchardEmail: Sydney.Punchard@blackrock.com

BlackRock® Canada Announces Risk Rating Changes, Annual Management Fee Reductions and Commencement of Securities Lending Transactions

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