DXZ Dynamic Active US Mid Cap ETF

BlackRock Asset Management Canada Limited (“BlackRock Canada”), an indirect wholly-owned subsidiary of BlackRock, Inc. (“BlackRock”) (NYSE: BLK), today announced an upcoming unit split of the Dynamic iShares Active U.S. Mid-Cap ETF (“DXZ”), which is listed on the Toronto Stock Exchange (“TSX”). The unit split will be payable on December 17, 2019 (the “Payment Date”), to Unitholders of record of DXZ on December 16, 2019 (the “Record Date”). The units of DXZ will trade on a “due bill” basis, as described below, at the opening of the TSX on December 13, 2019 to December 17, 2019, inclusive (the “due bill period”).  DXZ will begin trading on the TSX on a split-adjusted basis on December 18, 2019.  

The “split ratio” shown below indicates the number of units that a unitholder of DXZ will hold after the split in relation to the number of units held by the unitholder before the split.

ETF Name	TSX Ticker	Split Ratio
Dynamic iShares Active U.S. Mid-Cap ETF	DXZ	3:1

When a unit split occurs, the net asset value per unit is decreased by the split ratio so that the unit split has no impact on the value of the investor’s total unit position. An investor’s cost per unit is also decreased by the same split ratio, although their total cost remains unchanged. Unitholders of DXZ on the Record Date will be entitled to receive two additional units of DXZ for every unit of DXZ they own on that date.

The “due bill” trading procedures of the TSX will apply to DXZ’s split of its units.  A due bill is an entitlement attached to listed securities undergoing a corporate action, such as a unit split. Any trades that are executed on the TSX during the due bill period will be identified to ensure purchasers of the units of DXZ receive the entitlement to the unit split. The due bill redemption date is expected to be December 19, 2019.

Unitholders do not need to take any action in connection with the unit split. Unitholders will have their brokerage accounts automatically updated to reflect the unit split. If unitholders have any questions regarding the impact of the unit split, they should contact their brokerage firm.

About Dynamic Funds

Dynamic Funds is a division of 1832 Asset Management L.P., which offers a range of wealth management solutions, including mutual funds, investment solutions for private clients, institutional clients and managed asset programs. 1832 Asset Management L.P. is a limited partnership, the general partner of which is wholly owned by Scotiabank. ® Dynamic Funds is a registered trademark of its owner, used under license.

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, our clients turn to us for the solutions they need when planning for their most important goals. As of September 30, 2019, the firm managed approximately US$6.96 trillion in assets on behalf of investors worldwide. For additional information on BlackRock, please visit www.blackrock.com/ca | Twitter: @BlackRockCA | LinkedIn: www.linkedin.com/company/blackrock.

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 900+ ETFs and US$2 trillion in assets under management as of September 30, 2019, iShares continues to drive progress for the financial industry. iShares funds are powered by the expert portfolio and risk management of BlackRock, trusted to manage more money than any other investment firm1.

iSHARES and BLACKROCK are registered trademarks of BlackRock, Inc., or its subsidiaries in the United States and elsewhere. Used under licence. © 2019 BlackRock Asset Management Canada Limited. All rights reserved.

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.

For more information, please contact:

Maeve Hannigan, BlackRock Communications, maeve.hannigan@blackrock.com

1 Based on US$6.96 trillion in AUM as of 9/30/19.