BlackRock Canada intends to amend iShares Canadian Financial Monthly Income ETF's existing credit facility with a Canadian financial institution to increase the amount available to FIE for borrowing. In connection with this change, FIE's borrowing will be limited to 15% of its net asset value. Previously, FIE's borrowing was limited to the lesser of (i) $15,000,000; and (ii) 15% of its NAV.

The amendment of FIE's credit facility does not require approval by unitholders of FIE, and is expected to be implemented following the Meeting if the Proposal receives all necessary approvals.