Press Release iShares, Inc. Announced Final Tax Characteristics of August 31, 2001 Distributions
San Francisco - December 14, 2001 - iShares, Inc. announced todaythe final tax characteristics of its fiscal year-end distributions (8/31/01)paid to shareholders of record as of August 28, 2001 of its funds. The amountof distribution referred to as return of capital is considered by the InternalRevenue Service to be a return of invested capital and should generally beapplied to reduce the tax cost basis of the shares upon which the distributionswere paid. iShares, Inc. expects no additional capital gain distributions inDecember.
iShares, Inc. is providing this information in an effort to assistinvestors with year-end tax and investment planning. iShares are designed tohave relatively low portfolio turnover, which minimizes capital gainsdistributions to investors.
Barclays Global Investors is the world's largest institutionalinvestment manager, and the world's largest provider of structured investmentstrategies such as indexing, tactical asset allocation, and quantitative activestrategies*.BGI managed more than $700 billion in assets as of 9/30/01, and over 1,500funds, which track over 200 global indexes, for nearly 2,000 clients in 40countries around the world. BGI has approximately 2,000 employees worldwide andis owned by Barclays PLC.
* Source: "Special Report: Global Leaders." Pensions & Investments, (Sept. 2000), p.15 This information must be preceded or accompaniedby a current prospectus. For the iShares, Inc. prospectus, please click on thehere. Investors shouldread it carefully before investing. For standardized average annual totalreturns,clickhere. There are risks involved with investing, including possible loss of principal. iShares are distributed by SEI Investments Distribution Co.(SEI). Barclays Global Fund Advisors (BGFA) serves as an advisor to iShares.Barclays Global Investors Services (BGIS) assists in the marketing of iShares.BGFA and BGIS are subsidiaries of Barclays Global Investors, N.A., none ofwhich is affiliated with SEI. Generally, regulated investment companies, including iShares, areobliged to distribute substantially all of their portfolio gains toshareholders at year end regardless of performance. Certain of these iSharesFunds distributed portfolio gains in December of 2000. Distributions of netshort-term capital gains are treated as ordinary income dividends. TradingiShares will also generate tax consequences and transaction expenses. Theinformation provided is not intended to be tax advice. The tax consequences ofdividend distributions may vary by individual taxpayer. Please consult your taxprofessional or financial adviser for more information regarding your taxsituation. Past performance is no guarantee of future results. To receive the distribution, you must be a registered shareholderof the fund on the record date. Distributions are paid to shareholders on thepayment date. Past distributions are not indicative of futuredistributions. The annual management fees of iShares may be substantially lessthan those of most mutual funds. iShares transactions will result in brokeragecommissions, but the savings from lower annual fees can help offset thesecosts. iShares may be sold throughout the day on the exchange throughany brokerage account. However, iShares may only be redeemed directly from thefund by Authorized Participants, in very large creation/redemption units. In addition to the normal risks associated with equity investing,international investments may involve risk of capital loss from unfavorablefluctuation in currency values, from differences in generally acceptedaccounting principles or from economic or political instability in othernations. Securities focusing on a single country may be subject to highervolatility. iShares are not sponsored, endorsed, sold or promoted by MSCI,nor does MSCI make any representation regarding the advisability of investingin iShares. iShares are not FDIC Insured. Have No Bank Guarantee.May Lose Value. www.ishares.com 1-800-iSHARES (1-800-474-2737) ©2001, 2004 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. As of December 1, 2009, the former Barclays Global Investors entities referred to in this publication are owned and controlled ultimately by BlackRock Inc. and neither Barclays nor any Barclays affiliate is responsible for, or associated with, the contents of this publication. Help for Journalists iShares offers insights on ETFs and financial news topics. Journalists may request information, photos or media support by contacting the PR Group. Experts Members of the press can select from a list of investment categories to find iShares experts who can assist with stories. Please contact a member of Public Relations to speak with any of our experts. About iShares Learn more about the past, present and future of iShares. The Idea The Facts The Timeline The Growth |
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