BlackRock Canada to Terminate iShares Convertible Bond Index ETF in January 2027

BlackRock Canada will terminate the iShares Convertible Bond Index ETF (CVD) on or about January 21, 2027, the company said, with the fund's units expected to be voluntarily delisted from the Toronto Stock Exchange on or about January 18, 2027. The Financial Post carried the announcement.

BlackRock Canada's Termination of the Convertible Bond ETF

BlackRock Asset Management Canada Limited, an indirect, wholly-owned subsidiary of BlackRock, said the termination follows an ongoing process to review its product lineup. The distribution reinvestment plan, pre-authorized cash contribution plan and systematic withdrawal plan of the Terminating Fund will be terminated on or about November 23, 2026. The final monthly distribution is expected to be declared on or about December 21, 2026 and paid on or about January 5, 2027.

In connection with the termination, the assets of the Terminating Fund will be liquidated. BlackRock Canada expects that the fund's portfolio assets may mature or be sold for cash in advance of the Termination Date, resulting in the fund deviating from its investment objectives and strategies in a manner consistent with liquidation. As soon as practicable following the Termination Date, the liquidation proceeds will be distributed, after paying or providing for all liabilities and obligations of the Terminating Fund, pro rata among unitholders of record on the Termination Date. Following the termination and distributions, the Terminating Fund will be dissolved. BlackRock Canada will issue an additional press release on or about the Termination Date confirming final details of the termination.

BlackRock's iShares Platform Scale

BlackRock is the world's largest asset manager, serving institutional, advisor and individual investors across more than 40 countries through the iShares ETF platform, Aladdin investment management technology and private markets infrastructure, according to akta.pro company records. The iShares ETF platform manages over $5.5 trillion in assets under management as of March 31, 2026, the same records show. BlackRock reported 27% year-over-year revenue growth in the first quarter of 2026 with $130 billion in quarterly net inflows and adjusted earnings per share of $12.53.

BlackRock's Recent Product and Market Moves

BlackRock and the Toronto Stock Exchange opened the market in October 2026 to celebrate the launch of the iShares A.I. Innovation and Tech ETF (XBAI), an active ETF investing in U.S. and non-U.S. A.I. and technology companies, Aktien reported. BlackRock Smaller Companies reported quarterly earnings per share of GBX 5.30 and a net margin of 89.65% in October 2026, Markets Daily reported. BlackRock raised its stake in Intesa Sanpaolo to 7.3% and in UniCredit to 8.9%, becoming the largest shareholder in both, MarketScreener reported in October 2026.