CEO.CA Chairman's Briefing

TORONTO, ON--(Marketwired - November 18, 2016) - Dynamic Funds and BlackRock Asset Management Canada Limited ("BlackRock Canada") today announced a new partnership to bring an innovative suite of actively managed exchange-traded funds (ETFs) to Canadian investors.

The new suite of active ETFs combines the strengths of two prominent investment managers. Dynamic Funds is a leader in actively managed products and its investment strategies will power the active ETF lineup. BlackRock Canada's iShares business brings a long history of ETF innovation and an industry-leading product platform. BlackRock is widely recognized globally for its expertise in managing ETFs and delivering operational capabilities to the ETF industry.

"This ETF lineup will make active management easily accessible for advisors and investors. A growing number of advisors and investors are seeking the advantages of active management but in an ETF structure that may better suit their needs," said Jordy Chilcott, President & CEO, Dynamic Funds. "By collaborating with BlackRock Canada, together we can bring a unique approach to the ETF marketplace, one where we think the growth of active solutions is on the rise."

"With this partnership, Canadians can get the best of both worlds: Dynamic's active investment expertise within a lineup of ETFs backed by the quality and value of iShares and our two decades of global leadership in the industry," said Warren Collier, Head of iShares, BlackRock Canada. "We're proud and excited to team up with Dynamic Funds to launch these new active ETFs, which we believe will help advisors and investors access an expanding world of investing opportunities."

Dynamic and BlackRock Canada are aiming to launch the ETFs in the first quarter of 2017.

About Dynamic Funds

Dynamic Funds is a division of 1832 Asset Management L.P., which offers a range of wealth management solutions, including mutual funds, investment solutions for private clients, institutional clients and managed asset programs. 1832 Asset Management L.P. is a limited partnership, the general partner of which is wholly owned by Scotiabank. ® Dynamic Funds is a registered trademark of its owner, used under license.

About BlackRock

BlackRock is a global leader in investment management, risk management and advisory services for institutional and retail clients. At September 30, 2016, BlackRock's AUM was US$5.1 trillion. BlackRock helps clients around the world meet their goals and overcome challenges with a range of products that include separate accounts, mutual funds, iShares^® (exchange-traded funds), and other pooled investment vehicles. BlackRock also offers risk management, advisory and enterprise investment system services to a broad base of institutional investors through BlackRock Solutions^®. As of September 30, 2016, the firm had approximately 13,000 employees in 30 countries and a major presence in global markets, including North and South America, Europe, Asia, Australia and the Middle East and Africa. For additional information, please visit the Company's website at www.blackrock.com/ca | Twitter: @BlackRockCA | Blog: www.blackrockblog.com/can

About iShares

iShares^® is a global leader in exchange-traded funds (ETFs), with more than a decade of expertise and commitment to individual and institutional investors of all sizes. With over 700 funds globally across multiple asset classes and strategies and more than $1 trillion in assets under management as of September 30, 2016, iShares helps clients around the world build the core of their portfolios, meet specific investment goals and implement market views. iShares funds are powered by the expert portfolio and risk management of BlackRock, trusted to manage more money than any other investment firm.¹

¹ Based on US$5.117 trillion in AUM as of 9/30/16.

Commissions, trailing commissions, management fees and expenses all may be associated with investing in ETFs. Please read the relevant prospectus before investing. Fund securities are not covered by the Canada Deposit Insurance Corporation or by any other government deposit insurer. There can be no assurances that the fund will be able to maintain its net asset value per security at a constant amount or that the full amount of your investment in the fund will be returned to you. The fund is not guaranteed, its values change frequently and past performance may not be repeated. Tax, investment and all other decisions should be made, as appropriate, only with guidance from a qualified professional.