Additional Events Related to Certain Cash Management FundsAs discussed in BlackRock’s periodic reports, Barclays has provided capital support agreements to support certain cash management funds (bank-managed short-term investment funds or “STIFs”) acquired by BlackRock in the Barclays Global Investors acquisition from Barclays. On October 9, 2012, BlackRock, on behalf of two of these funds negotiated amendments to these capital support agreements to release Barclays from coverage provided for defaults on 52 covered securities (with an estimated value of approximately $750 million) held in the funds in exchange for a payment by Barclays to the funds of $70 million. This payment is an amount in excess of the payments that were expected under the Barclays capital support agreements. The Barclays capital support agreements will continue in effect for the remaining covered securities in these two funds.
BlackRock Reports Third Quarter Diluted EPS Of $3.65, Or $3.47 As Adjusted
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