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BlackRock Canada Announces Re-Opening of CSD, CHB and CBR With Completion of Previously Announced Changes

TORONTO, ONTARIO -- (Marketwired) -- 12/09/13 -- (TSX: CSD)(TSX: CHB)(TSX: CBR) -

Announcement relating to the following iShares Funds:


--  iShares Advantaged Short Duration High Income ETF (formerly, iShares
    Advantaged Short Duration High Income Fund) ("CSD")
--  iShares Advantaged U.S. High Yield Bond Index ETF (CAD-Hedged)
    (formerly, iShares Advantaged U.S. High Yield Bond Index Fund (CAD-
    Hedged)) ("CHB")
--  iShares Broad Commodity Index ETF (CAD-Hedged) (formerly, iShares Broad
    Commodity Index Fund (CAD-Hedged)) ("CBR")

On September 17, 2013, BlackRock Asset Management Canada Limited ("BlackRock Canada"), an indirect, wholly-owned subsidiary of BlackRock, Inc. ("BlackRock"), announced certain changes to CSD, CHB, CBR and other iShares funds managed by BlackRock Canada that use forward agreements for certain investment purposes, in response to proposed new federal taxation rules first introduced in conjunction with the 2013 Federal Budget. Following the initial announcement of these proposed rules, CSD, CHB and CBR had temporarily stopped accepting subscriptions, except in certain limited circumstances.

Effective as of December 10, 2013, CSD, CHB and CBR will be re-opened to new subscriptions in connection with the implementation of the previously announced changes to their respective investment strategies.

In connection with the implementation of the previously announced changes, BlackRock Canada is also providing additional information regarding the termination of the U.S. dollar-denominated common units of CSD ("CSD.U") and U.S. dollar-denominated advisor class units of CSD ("CSD.V", and together with CSD.U, the "USD Units"). The USD Units were delisted from the Toronto Stock Exchange on December 5, 2013. The assets of CSD referable to the USD Units were liquidated. The final net asset value of the USD Units was determined on December 9, 2013. The net asset value per unit of CSD.U was US$19.61708. The net asset value per unit of CSD.V was US$19.58573. Holders of USD Units will receive their respective distribution entitlements on or about December 13, 2013. Following this distribution, the USD Units will no longer be offered by CSD.

About BlackRock

BlackRock is a leader in investment management, risk management and advisory services for institutional and retail clients worldwide. At September 30, 2013, BlackRock's AUM was US$4.096 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 September 30, 2013, the firm has approximately 11,200 employees in 30 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 ETFs

iShares is the global product leader in exchange traded funds with over 600 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® Funds are managed by BlackRock Asset Management Canada Limited. 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.

© 2013 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.

Contacts:
Contact for Media:
Maeve Hannigan
Veritas Communications
T - 416-955-4570
C - 647-618-8621
Email: hannigan@veritascanada.com

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