Barclays Global Investors Announces Stock Split of Certain iShares Funds.SAN FRANCISCO San Francisco (săn frănsĭs`kō), city (1990 pop. 723,959), coextensive with San Francisco co., W Calif., on the tip of a peninsula between the Pacific Ocean and San Francisco Bay, which are connected by the strait known as the Golden -- Barclays Global Investors Barclays Global Investors is a subsidiary of British-based Barclays Bank which is in the investment management industry. It is the largest corporate money manager in the world, with over £936 billion (US$1.77 trillion) under management as of March 2006[1]. (BGI BGI Barclays Global Investors BGI Bainbridge Graduate Institute BGI Bureau Gravimétrique International BGI Borland Graphic Interface (File Name Extension) BGI Bridgetown, Barbados - Grantley Adams International ), a worldwide leader in exchange-traded funds, announced today that the Board of Directors of iShares, Inc. and the Board of Trustees board of trustees Politics The posse of thugs who oversee an institution's administration. See Board of directors. of iShares Trust have authorized a three-for-one or two-for-one split of 12 iShares(R) Funds (listed below) for shareholders of record on June 6, 2005, and payable on June 8, 2005. Fund shares will begin trading on a split-adjusted basis on June 9, 2005. The post-split shares will be distributed to shareholders' accounts on June 13, 2005, and shareholders will see the change in their holdings sometime after June 13th, depending upon their brokerage's procedures.
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Forward
Fund Name Ticker Exchange Split
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iShares MSCI Emerging Markets Index Fund EEM AMEX 3.0
iShares Russell 2000 Value Index Fund IWN AMEX 3.0
iShares S&P SmallCap 600 Index Fund IJR AMEX 3.0
iShares MSCI-EAFE Index Fund EFA AMEX 3.0
iShares Goldman Sachs Natural Resources Index
Fund IGE AMEX 2.0
iShares S&P MidCap 400/Barra Growth Index Fund IJK AMEX 2.0
iShares S&P MidCap 400 Index Fund IJH AMEX 2.0
iShares S&P MidCap 400/Barra Value Index Fund IJJ AMEX 2.0
iShares Russell 2000 Index Fund IWM AMEX 2.0
iShares Cohen & Steers Realty Majors Index Fund ICF AMEX 2.0
iShares S&P SmallCap 600/Barra Value Index Fund IJS AMEX 2.0
iShares Dow Jones U.S. Real Estate Index Fund IYR AMEX 2.0
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"We are pleased that the Board of Directors and Board of Trustees have authorized this first-ever stock split of iShares Funds," said Lee Kranefuss, CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of BGI's Intermediary and ETF ETF See Exchange Traded Fund. ETF See exchange-traded fund (ETF). Business. "The total assets of the iShares fund family have grown 70% since April 30, 2004.(1) We believe that the split will allow investors easier access at a smaller initial investment to some more popular iShares Funds that have a relatively high share price." Hypothetical Examples: ---------------------------------------------------------------------- Ex. Of 2-for-1 # of Shares Owned Net Asset Value/Share Total Value ---------------------------------------------------------------------- Pre-split 100 $120 $12,000 ---------------------------------------------------------------------- Post split 200 $60 $12,000 ---------------------------------------------------------------------- ---------------------------------------------------------------------- Ex. Of 3-for-1 # of Shares Owned Net Asset Value/Share Total Value ---------------------------------------------------------------------- Pre-split 100 $120 $12,000 ---------------------------------------------------------------------- Post split 300 $40 $12,000 ---------------------------------------------------------------------- The iShares(R) Funds are index funds whose shares may be bought and sold like common stocks on securities exchanges. The iShares Funds are attractive to many individual and institutional investors and financial intermediaries Financial intermediaries institution that provide the market function of matching borrowers and lenders or traders. because of their relatively low cost, tax efficiency and trading flexibility. Investors can purchase and sell shares through any brokerage firm, financial advisor, or online broker, and hold the funds in any type of brokerage account Brokerage Account An arrangement between an investor and a licensed brokerage firm that allows the investor to deposit funds with the firm and place investment orders through the brokerage, which then carries out the transactions on the investor's behalf. . To determine if the fund(s) are an appropriate investment for you, carefully consider the funds' investment objectives, risk factors and charges and expenses before investing. This and other information can be found in the funds' prospectuses, which may be obtained by calling 1-800-iShares or by visiting www.ishares.com. Read the prospectus carefully before investing. Barclays Global Investors (BGI) is one of the world's largest asset managers(2) providing structured investment strategies such as risk-controlled active strategies and indexing. In the US, BGI is one of the largest active managers(3), set apart by its risk-controlled approach. BGI manages 65% of the world's 100 largest pension plans(4) and is the global leader in assets and products in the exchange traded funds Exchange Traded Funds (ETF) Also known as ETF. A basket of stocks similar to an index mutual fund. However, there are a number of important differences between ETFs and mutual funds. through its iShares(R) brand with more than 120 ETFs. The firm managed over $1.3 trillion in assets as of 12/31/04, for more than 2,600 clients in 48 countries around the world. BGI is an innovator in investment management, applying science and technology to the investment process. BGI is owned by Barclays PLC Barclays PLC is a global financial services provider operating in Europe, the United States, the Middle East, Latin America, Australia, Asia and Africa. It is a holding company that is listed in London and New York. It operates through its subsidiary Barclays Bank PLC. , one of the world's leading global financial services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. providers. iShares are distributed by SEI Investments Distribution Co. (SEI). Barclays Global Fund Advisors (BGFA BGFA Barclays Global Fund Advisors BGFA Boston Globe Freelancers Association BGFA Barbados Game Fishing Association BGFA Belize Game Fishing Association BGFA Bulk Glass Forming Ability BGFA Berufsgenossenschaftliches Forschungsinstitut for Arbeitsmedizin ) serves as an advisor to iShares. Barclays Global Investor Services (BGIS BGIS Barclays Global Investors Services BGIS Business and Geographic Information Services (Unit; Illinois Institute for Rural Affairs) BGIS Bhaktivedanta Gurukula & International School (Vrindavan, India) ) assists in the marketing of iShares. BGFA and BGIS are subsidiaries of Barclays Global Investors, N.A., none of which is affiliated with SEI. Investing involves risk, including possible loss of principal. iShares transactions will result in brokerage commissions and will generate tax consequences. Mutual funds and iShares are obliged to distribute portfolio gains to shareholders. The iShares Funds are not sponsored, endorsed, or issued by Goldman Sachs & Co., nor are they sponsored, endorsed, issued, sold or promoted by Cohen cohen or kohen (Hebrew: “priest”) Jewish priest descended from Zadok (a descendant of Aaron), priest at the First Temple of Jerusalem. The biblical priesthood was hereditary and male. & Steers Capital Management, Inc., Dow Jones & Company, Inc., Morgan Stanley Capital International Morgan Stanley Capital International (MSCI) This firm publishes a number of well known benchmarks, such as the MSCI World Index. , Frank Russell Company, or Standard and Poor's Noun 1. Standard and Poor's - a broadly based stock market index Standard and Poor's Index . None of these companies make any representation regarding the advisability of investing in the Funds. (C) 2005 Barclays Global Investors. All rights reserved. iShares is a registered trademark of Barclays Global Investors, N.A. All other trademarks, servicemarks or registered trademarks are the property of their respective owners. (1) Source: BGI data, May 20, 2005. (2) Source: "P&I/Watson Wyatt World 500," Pensions & Investments, September 6, 2004. (3) Source: "Special Reports: Money Manager Directory," Pensions & Investments, May 31, 2004. (4) Source: "P&I/Watson Wyatt World's 250 Largest Retirement Plans," Pensions & Investments, December 27, 2004. |
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