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Press release from Marketwire

BlackRock Announces Unitholders Vote in Favour of the Change to the Investment Objective of the iShares(R) S&P(R)/TSX(R) Income Trust Index Fund

Monday, August 23, 2010

BlackRock Announces Unitholders Vote in Favour of the Change to the Investment Objective of the iShares(R) S&P(R)/TSX(R) Income Trust Index Fund15:11 EDT Monday, August 23, 2010TORONTO, ONTARIO--(Marketwire - Aug. 23, 2010) - BlackRock Asset Management Canada Limited ("BlackRock Canada"), an indirect, wholly owned subsidiary of BlackRock, Inc. (NYSE:BLK), is pleased to announce that, at a special meeting held today, unitholders approved the proposed change to the investment objective of the iShares S&P/TSX Income Trust Index Fund (TSX:XTR), as well as other related changes. BlackRock Canada expects that the transition of XTR to the new investment objective will be implemented on or about September 1st, 2010. BlackRock Canada expects that the rebalancing of XTR's portfolio will be substantially completed by October 1st, 2010; however, some rebalancing may continue following this period.Summary of Approved Change to the Investment Objective The new investment objective of XTR is to provide unitholders with a consistent monthly cash distribution, with the potential for modest long-term capital growth, by investing primarily in Canadian iShares funds that provide exposure to a diversified portfolio of income-bearing investments. Exposure to these types of income-bearing investments may also be obtained by investing directly in them and/or through the use of derivatives. XTR's name will change to "iShares Diversified Monthly Income Fund" on or about September 1st, 2010. The ticker symbol of the fund will not change.XTR's management fee will remain equal to 0.55% of XTR's net asset value per year. XTR's management fee of 0.55% per year will include both management fees paid directly, and those management and/or trustee fees paid indirectly through holdings in other exchange-traded funds managed by BlackRock Canada or an affiliate.Bill Chinery, CEO of BlackRock Canada, commented: "At BlackRock Canada, we believe that these changes will provide iShares investors with an efficient and diversified tool for generating a regular stream of income at a very reasonable cost. We are very pleased with the level of unitholder support for the changes". Further information on iShares funds can be found at www.iShares.ca.About BlackRockBlackRock is a leader in investment management, risk management and advisory services for institutional and retail clients worldwide. At June 30, 2010, BlackRock's AUM was $3.151 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(R) (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, 2010, the firm has approximately 8,500 employees in 24 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 ETFsThe iShares business is the global product leader in ETFs with over 410 funds globally across equities, fixed income and commodities, which trade on 16 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.FOR FURTHER INFORMATION PLEASE CONTACT: Contact for Media: Veritas Communications Lisa An 416-955-4587 or 647-292-2478 an@veritascanada.com