REG - iShares II PLC - iShares II plc - Shareholder Letter - IE00B296QM64

BlackrockAnnouncement

17/10/2025 18:00

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RNS Number : 9035D  iShares II PLC  17 October 2025

THIS DOCUMENT IS IMPORTANT AND REQUIRES YOUR IMMEDIATE ATTENTION. If you are
in any doubt about the action to be taken, you should consult your
stockbroker, bank manager, solicitor, accountant, relationship manager or
other professional adviser immediately. This letter is available in languages
other than English and copies can be obtained at www.iShares.com or requested
by calling 08453577000 (UK number) (please refer to the website for
international phone numbers)

 

17(th) October 2025

 

To:      Shareholders of iShares MSCI USA Islamic UCITS ETF (ISIN:
IE00B296QM64) (the "Fund"), a sub-fund of iShares II plc (the "Company")

 

 

Dear Shareholder,

 

The Directors of the Company wish to inform you of a change to the dividend
purification model applicable to the Fund. These changes are described below,
and the Fund's offering documents will be updated accordingly.

 

The changes being made will not have a material effect on the manner in which
your investment is managed. You are not required to do anything as a result of
this notification.

 

Change to the dividend purification model

Currently, investors in the Fund are responsible for ensuring the purification
of dividends where such dividends have accrued prohibited income (e.g.
interest earnings) based on MSCI's calculation.

 

It is proposed to change the purification model in order to integrate dividend
purification directly within the Fund, whereby any impure dividend monies will
be donated by the Fund to one or more charities, which are selected by the
Investment Manager and approved by the panel of Islamic scholars appointed by
the Investment Manager.

 

Pure and impure dividend amounts will continue to be based on MSCI's
calculation to ensure consistency with the MSCI USA Islamic Index, the Fund's
Benchmark Index.

 

As a result of this change, investors will no longer be responsible for
ensuring purification of dividends as the amount received in dividends will be
purified.

 

Rationale for the change to the dividend purification model

The change is being made in order to simplify investment in the Fund for
investors while maintaining the Fund's adherence to Shari'ah principles.

 

Changes to the Fund's offering documents

The changes to the dividend purification model will apply to dividends issued
from 1 January 2026.

 

It is anticipated that the Company's prospectus (the "Prospectus"), the Key
Investor Information Document (the "KIID") and the Key Information Document
(the "KID"), as applicable, will be updated to reflect the changes described
in this letter on or around 31 October 2025 (the "Effective Date"), or as soon
as possible thereafter, subject to the approval of the Central Bank of
Ireland.

 

The updated Prospectus and KIID/KID (as applicable) will be available on
www.ishares.com (http://www.ishares.com) . In addition, and as a result of the
change outlined in this notice, purification data will no longer be published
for the Fund on www.ishares.com (https://www.ishares.com) .

 

Costs

BlackRock Asset Management Ireland Limited, as manager of the Company, will
pay the costs of the shareholder notification, and any additional operational
costs and legal costs related to the proposed change. There will not be any
transaction costs associated with this update as the Fund's investments will
not need to change as a result.

 

Further Information

If you have any queries, please contact iShares on info@ishares.com
(mailto:info@ishares.com) , or your usual iShares representative.

 

Yours faithfully

 

 

_________________________

Director

For and on behalf of

iShares II plc

 

 

 

 

 

 

 

 

 

WF-85636507-v1

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