|By Marketwired .||
|August 11, 2014 05:43 PM EDT||
TORONTO, ONTARIO -- (Marketwired) -- 08/11/14 -- iShares (TSX: SVR)(TSX: SVR.C), the industry-leading exchange-traded fund (ETF) business at BlackRock Asset Management Canada Limited (BlackRock Canada), an indirect, wholly-owned subsidiary of BlackRock, Inc. (BlackRock), is notifying unitholders of iShares Silver Bullion ETF (SVR) regarding a change in the pricing source used in the valuation of silver bullion.
Following the announcement by The London Silver Market Fixing Limited that it will cease to administer the London silver fixing with effect from close of business on August 14, 2015, an alternative London daily silver price mechanism, the "London Silver Price", is expected to be available from August 15th, 2014. Such price is to be administered by CME Group and Thomson Reuters.
With effect from August 15, 2014, SVR expects to use the new pricing source for valuing silver bullion when determining the net asset value of SVR.
This change in pricing source will not affect SVR's investment objective and strategies which will continue to replicate the performance of the price of silver bullion, less SVR's fees and expenses, by investing in long-term holdings of unencumbered silver bullion in 1,000 troy ounce international bar sizes.
Further information on the 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 June 30, 2014, BlackRock's AUM was $4.594 trillion. BlackRock helps clients meet their goals and overcome challenges with a range of products that include 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 June 30, 2014, the firm had approximately 11,600 employees in more than 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
The iShares business is a 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 securities 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 individual investors.
iShares Funds are managed by BlackRock Asset Management Canada Limited. Commissions, trailing commissions, management fees and expenses all may be associated with investing in iShares Funds. 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.
© 2014 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:
T - 416-643-4058
C - 416-564-1540
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