BlackRock Announces July Monthly Cash Distributions for the iShares(R) Funds

  (TSX: XBB)(TSX: XCB)(TSX: XDV)(TSX: XEB)(TSX: XEI)(TSX: XFN)(TSX: XGB)(TSX: XHB)(TSX: XHY)(TSX: XIG)(TSX: XLB)(TSX: XPF)(TSX: XRE)(TSX: XSB)(TSX: XTR)(TSX: XUT)

BlackRock Asset Management Canada Limited, an indirect, wholly owned subsidiary of BlackRock, Inc. (NYSE: BLK), today announced the July 2011 cash distributions for the sixteen iShares funds listed on the Toronto Stock Exchange which pay on a monthly basis. Unitholders of record on July 26, 2011 will receive cash distributions payable on July 29, 2011. Details of the "per unit" distribution amounts are as follows:

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                                                           Cash Distribution
Fund Name                                      Fund Ticker      Per Unit ($)
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iShares DEX Universe Bond Index Fund                   XBB           0.09248
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iShares DEX All Corporate Bond Index Fund              XCB           0.07517
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iShares Dow Jones Canada Select Dividend Index
 Fund                                                  XDV           0.11611
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iShares J.P. Morgan USD Emerging Markets Bond
 Index Fund (CAD-Hedged)                               XEB           0.06792
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iShares S&P®/TSX® Equity Income Index Fund         XEI           0.11917
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iShares S&P/TSX Capped Financials Index Fund           XFN           0.09679
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iShares DEX All Government Bond Index Fund             XGB           0.05641
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iShares DEX HYBrid Bond Index Fund                     XHB           0.09122
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iShares U.S. High Yield Bond Index Fund (CAD-
 Hedged)                                               XHY           0.12704
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iShares U.S. IG Corporate Bond Index Fund (CAD-
 Hedged)                                               XIG           0.07773
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iShares DEX Long Term Bond Index Fund                  XLB           0.07530
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iShares S&P/TSX North American Preferred Stock
 Index Fund (CAD-Hedged)                               XPF           0.12095
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iShares S&P/TSX Capped REIT Index Fund                 XRE           0.06144
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iShares DEX Short Term Bond Index Fund                 XSB           0.07558
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iShares Diversified Monthly Income Fund                XTR           0.06000
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iShares S&P/TSX Capped Utilities Sector Fund           XUT           0.03897
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Further information on iShares funds can be found at www.iShares.ca.

About BlackRock®

BlackRock is a leader in investment management, risk management and advisory services for institutional and retail clients worldwide. At December 31, 2010, BlackRock's AUM was US$3.561 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® (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 December 31, 2010, the firm has approximately 9,100 employees in 25 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 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.

Contacts: Contact for Media: Veritas Communications Lisa An 416-955-4587 or Cell: 647-292-2478 [e-mail]