iShares Equal Weight Banc & Lifeco ETF Common Class

CEW's investment objective is to provide Unitholders with a diversified equal weighted investment in a portfolio (the "CEW Portfolio") of common shares of the largest Canadian banks and Canadian life insurance companies. Cash distributions on the Units of CEW are expected to be made monthly and will be derived from dividends received by CEW on the CEW Portfolio. Such distributions may also include capital gains and returns of capital. CEW will endeavour to provide holders of its Units with monthly cash distributions targeted to be $0.04167 per Unit (approximately $0.50 per annum). Unitholders will also participate in any potential appreciation in the CEW Portfolio. There can be no assurance that CEW will achieve its stated investment objective, including making distributions at its targeted rate. Currently, CEW is paying monthly cash distributions of $0.041 per Unit ($0.492 per annum).