TORONTO, ONTARIO--(Marketwire - June 30, 2010) - BlackRock, Inc. (NYSE:BLK) today announced that the Board of Directors of BlackRock Asset Management International Inc. ("BlackRock AMII"), the sponsor of the iShares COMEX Gold Trust (TSX:IGT)(NYSEArca:IAU) (the "Trust"), has approved several changes to the Trust which include: reducing the share price through a previously announced 10-for-1 share split, effective June 24, 2010; increasing the Trust's shares outstanding and leveraging BlackRock AMII's broader platform to drive greater operating efficiencies within the Trust. BlackRock AMIIs is passing those cost savings along to investors by reducing the Trust's sponsor fee from 0.40% to 0.25%, effective July 1, 2010.
BlackRock, Inc. ("BlackRock") is a leader in investment management, risk management and advisory services for institutional and retail clients worldwide. At March 31, 2010, BlackRock's AUM was US$3.364 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 March 31, 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.
"Commodity Exchange, Inc." and "COMEX" are trademarks of Commodity Exchange, Inc. and have been licensed for use for certain purposes to BlackRock Institutional Trust Company, N.A. and the Trust. The Trust is not sponsored, endorsed, sold or promoted by Commodity Exchange, Inc., nor does Commodity Exchange, Inc. make any representation regarding the advisability of investing in the Trust.
(C) 2010 BlackRock, Inc. All rights reserved. BlackRock(R) is a registered trademark of BlackRock, Inc. iShares(R) is a registered trademark of BlackRock Institutional Trust Company, N.A. Used with permission.