BlackRock Canada Announces Final January Cash Distributions for iShares Premium Money Market ETF
Monday, Jan 27, 2025 7:08 pm ET
1min read BlackRock Canada, an indirect, wholly-owned subsidiary of BlackRock, Inc. (NYSE: BLK), has announced the final January 2025 cash distributions for the iShares Premium Money Market ETF (CMR). Unitholders of record on January 28, 2025, will receive cash distributions payable on January 31, 2025. The final "per unit" distribution amounts are as follows:
| Fund Name | Fund Ticker | Cash Distribution Per Unit |
| --- | --- | --- |
| iShares Premium Money Market ETF | CMR | $0.145 |
The iShares Premium Money Market ETF invests in a diversified portfolio of high-quality, short-term, investment-grade money market securities issued or guaranteed by Canadian governments, their agencies, or corporations. The fund aims to provide unitholders with a high level of current income while preserving capital.
The fund has a total return of 4.61% in the past year and an average annual return of 1.33% since inception. The fund has an annual dividend of 2.28 CAD per share, with a yield of 4.55%. The dividend is paid every month, with the last ex-dividend date being January 28, 2025.
The iShares Premium Money Market ETF's distribution strategy aligns with its investment objectives and risk management approach, contributing to the fund's long-term sustainability. The fund's primary objective is to provide unitholders with a high level of current income while preserving capital. The fund's risk management approach focuses on preserving capital by investing in high-quality, short-term securities, with a weighted average maturity of less than one year.
The fund's distribution strategy provides unitholders with a consistent income stream, allowing them to reinvest the distributions or use them for living expenses, contributing to their long-term financial well-being. The fund's diversified portfolio of money market securities helps to mitigate risk, ensuring that the fund can continue to generate income and distribute it to unitholders over the long term.
In conclusion, the iShares Premium Money Market ETF's distribution strategy aligns with its investment objectives and risk management approach, contributing to the fund's long-term sustainability by providing unitholders with a consistent income stream while preserving capital and mitigating risk.
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