Quote:   Recent

News

iShares S&P/TSX 60 Index ETF (XIU - TSX)

Barclays Canada announces estimated annual capital gains distributions for the iShares Funds
Listing:  TSX (Toronto Stock Exchange)

Symbol:   XBB, XCB, XCG, XCV, XDV, XEG, XFN, XGB, XGD, XIC, XIN, XIT,
          XIU, XLB, XMA, XMD, XRB, XRE, XSB, XSP, XTR, XSU, XEN, XCS

TORONTO, Nov. 13 /CNW/ - Barclays Global Investors Canada Limited (Barclays Canada) announces today the estimated annual capital gains distributions for the iShares Funds for the 2008 tax year. Please note that these are estimated amounts only as of October 16, 2008 and final amounts which would include forward looking information may differ by the Funds' December 15 tax year-end. These estimates are for the year-end capital gains distributions only, which are typically reinvested rather than paid in cash, and do not include estimates of ongoing quarterly, semi-annual or annual cash distribution amounts.

We expect to announce the final year-end distribution amounts, as well as the quarterly, semi-annual and annual cash distribution amounts, on or about December 17. The record date for the 2008 annual distributions will be December 30. The distributions will be paid/reinvested on December 31, and the ex-dividend date will be December 24. The actual taxable amounts of reinvested and cash distributions for 2008, including the tax characteristics of the distributions, will be reported to brokers (through CDS) in early 2009.

-------------------------------------------------------------------------
            Estimated annual      Net asset value     Estimated annual
Ticker    capital gain per unit   (NAV) per unit    capital gain as % of
Symbol       to Oct 16, 2008      as Oct 16, 2008    NAV at Oct 16, 2008
-------------------------------------------------------------------------
XIU               0.046                14.05                0.3%
-------------------------------------------------------------------------
XSB               0.000                28.24                0.0%
-------------------------------------------------------------------------
XBB               0.000                28.03                0.0%
-------------------------------------------------------------------------
XIC               0.000                14.63                0.0%
-------------------------------------------------------------------------
XMD               0.000                13.44                0.0%
-------------------------------------------------------------------------
XEG               0.000                13.14                0.0%
-------------------------------------------------------------------------
XIT               0.757                 5.10               14.8%
-------------------------------------------------------------------------
XGD               0.000                12.50                0.0%
-------------------------------------------------------------------------
XFN               0.000                19.96                0.0%
-------------------------------------------------------------------------
XSP               0.000                11.34                0.0%
-------------------------------------------------------------------------
XIN               0.000                16.15                0.0%
-------------------------------------------------------------------------
XRE               0.018                 9.42                0.2%
-------------------------------------------------------------------------
XDV               0.404                16.86                2.4%
-------------------------------------------------------------------------
XRB               0.000                18.08                0.0%
-------------------------------------------------------------------------
XTR               0.000                 9.67                0.0%
-------------------------------------------------------------------------
XMA               0.000                10.66                0.0%
-------------------------------------------------------------------------
XLB               0.000                18.10                0.0%
-------------------------------------------------------------------------
XCB               0.000                18.41                0.0%
-------------------------------------------------------------------------
XGB               0.000                19.79                0.0%
-------------------------------------------------------------------------
XCV               0.000                15.79                0.0%
-------------------------------------------------------------------------
XCG               0.000                16.28                0.0%
-------------------------------------------------------------------------
XCS               0.000                 9.32                0.0%
-------------------------------------------------------------------------
XSU               0.000                12.30                0.0%
-------------------------------------------------------------------------
XEN               0.064                13.46                0.5%
-------------------------------------------------------------------------

Reasons for some of the larger estimated capital gains distributions

XIT

The iShares CDN Info Tech Index Fund (XIT) experienced relatively larger capital gains than expected in 2008, mostly due to reducing the weight of Research in Motion as this security reached the 25% cap implemented on XIT to help provide diversification. Capital gains were also realized on the acquisition of Cognos Inc. by IBM.

XDV

The iShares CDN Dividend Index Fund (XDV) experienced relatively larger capital gains than expected in 2008, mostly due the deletions from the index. Both BCE Inc. and Rothmans, Inc. were the deleted from the index following the suspension of their respective dividends. Dividend suspensions were as a result of the planned acquisition of these companies.

Forward-looking information

This press release contains forward-looking statements with respect to the estimated annual distributions for the iShares Funds. By their nature, these forward-looking statements involve risks and uncertainties that could cause the actual distributions to differ materially from those contemplated by the forward-looking statements. Material factors that could cause the actual distributions to differ from the estimated distributions between now and December 15 (the iShares Funds' tax year ends), include, but are not limited to: the actual amounts of distributions received by the iShares Funds; the actual amounts of capital gains generated from sales of securities; trading activity within the iShares Funds, including buying and selling of securities; index changes which cause rebalancing within the iShares Funds; and subscription and redemption activity.

About Barclays Canada

Barclays Canada is an indirect subsidiary of Barclays PLC and part of Barclays Global Investors (BGI), a division of Barclays PLC and one of the largest institutional investment managers in the world. BGI leads the world in managing index funds and exchange traded funds (ETFs), with over 200 iShares Funds representing over $300 billion in assets. As at October 31, 2008, Barclays Canada managed over $53 billion in Canadian assets and in other assets for Canadian clients, including over $13 billion in the TSX-listed iShares Funds. Barclays Canada has offices in Toronto and Montreal.

%SEDAR: 00015150E


Page Updated: May 25, 2017, 12:00 AM EDT
       
Copyright © QuoteMedia, Inc. quotemedia.com
Data delayed 15 minutes unless otherwise indicated.

Terms of Service | Privacy Policy

© TSX Inc., a wholly owned subsidiary of TMX Group Inc.