BlackRock Asset Management Canada Ltd. Tuesday announced that three exchange-traded funds have re-opened to subscriptions.
In September, BlackRock, announced certain changes to iShares Advantaged Canadian Bond Index Fund (TSX:CAB), iShares Advantaged Convertible Bond Index Fund (TSX:CVD), iShares Global Monthly Advantaged Dividend Index Fund (TSX:CYH) and other iShares funds managed by BlackRock Canada that use forward agreements for certain investment purposes, in response to proposed new federal taxation rules first introduced in conjunction with the 2013 federal budget.
Following the initial announcement of these proposed rules, the three ETFs had temporarily stopped accepting subscriptions, except in certain limited circumstances.
Effective as of November 26, the three funds re-opened to new subscriptions in connection with the termination of the respective forward agreement for each fund and the implementation of the changes.
In connection with these changes, the three funds have been renamed:
> iShares Advantaged Canadian Bond Index Fund is now iShares High Quality Canadian Bond Index ETF;
> iShares Advantaged Convertible Bond Index Fund is now iShares Convertible Bond Index ETF; and
> iShares Global Monthly Advantaged Dividend Index Fund is now iShares Global Monthly Dividend Index ETF.