Gold ETF IAU 10 for 1 stock split (ishares)

BlackRock Announces Share Split of iShares® COMEX® Gold Trust
San Francisco, CA, June 11, 2010—BlackRock, Inc. (NYSE: BLK) today announced that the Board of Directors of BlackRock Asset Management International Inc., sponsor of the iShares® COMEX® Gold Trust (NYSEArca: IAU/TSX: IGT) (the "Trust") has authorized a 10 for 1 split for shareholders of record as of the close of business on June 21, 2010, payable after the close of trading on June 23, 2010. The Trust shares will begin trading with split-adjusted pricing on the NYSEArca on June 24, 2010. The Trust, which is cross-listed on the Toronto Stock Exchange, will commence trading on a split adjusted basis on TSX on June 17, 2010. Post-split shares are expected to be distributed to shareholders' accounts on June 28 2010, and shareholders are expected to see the change in their holdings sometime after June 28, depending upon their brokerage firm's procedures.




The 10-for-1 split will lower the share price and increase the number of outstanding shares. The total value of shares outstanding is not affected by a split.



Hypothetical example of 10-for-1 split:



Period Number of Shares Owned Hypothetical Market Price/Share (U.S.$) Total Value (U.S.$)
Pre-split 100 $120 $12,000
Post split 1,000 $12 $12,000

Shares of the iShares® COMEX® Gold Trust are expected to reflect, at any given time, the price of the gold owned by the Trust, less the Trust's expenses and liabilities. As of June 10, 2010, the Trust had U.S. $3.3 billion in total net assets.