BlackRock Announces Product Updates to Nine iShares ETFs
BlackRock, Inc. (NYSE: BLK) today announced its plans to update
nine iShares ETFs as part of an ongoing process to periodically
review its product lineup.
BlackRock plans to implement stock splits for the ETFs listed
below, which will go into effect for shareholders of record as of
the close of business on July 14, 2021, payable after the close of
trading on July 16, 2021. The funds will trade on a post-split
basis on July 19, 2021. These splits will lower the share price and
increase the number of outstanding shares. The total value of
shares outstanding is not affected by the share split.
NAV/Share (as of 6/14/21)
Forward Split Ratio
iShares Global Tech ETF
6 for 1
iShares U.S. Medical Devices ETF
6 for 1
BlackRock plans to close and liquidate the following seven U.S.
iShares Factors US Blend Style ETF
iShares Factors US Mid Blend Style ETF
iShares Factors US Small Blend Style
iShares Currency Hedged MSCI Mexico
iShares Adaptive Currency Hedged MSCI EAFE
iShares International Preferred Stock
iShares Russell 1000 Pure U.S. Revenue
After the close of business on August 23, 2021, the funds will
no longer accept creation and redemption orders. Trading in the
funds will be halted prior to market open on August 24, 2021.
Proceeds of the liquidation are currently scheduled to be sent to
shareholders on or around August 26, 2021.
BlackRock’s purpose is to help more and more people experience
financial well-being. As a fiduciary to investors and a leading
provider of financial technology, we help millions of people build
savings that serve them throughout their lives by making investing
easier and more affordable. For additional information on
BlackRock, please visit www.blackrock.com/corporate | Twitter:
iShares unlocks opportunity across markets to meet the evolving
needs of investors. With more than twenty years of experience, a
global line-up of 900+ exchange traded funds (ETFs) and $2.81
trillion in assets under management as of March 31, 2021, iShares
continues to drive progress for the financial industry. iShares
funds are powered by the expert portfolio and risk management of
Carefully consider the Funds' investment objectives, risk
factors, and charges and expenses before investing. This and other
information can be found in the Funds' prospectuses or, if
available, the summary prospectuses which may be obtained by
visiting www.iShares.com or www.blackrock.com. Read the prospectus
carefully before investing.
Investing involves risk, including possible loss of
Prepared by BlackRock Investments, LLC, member FINRA.
This information should not be relied upon as research,
investment advice, or a recommendation regarding any products,
strategies, or any security in particular. This material is
strictly for illustrative, educational, or informational purposes
and is subject to change.
The iShares Funds are not sponsored, endorsed, issued, sold or
promoted by MSCI Inc. or Russell. Neither of these companies make
any representation regarding the advisability of investing in the
Funds. BlackRock is not affiliated with the companies listed
©2021 BlackRock, Inc. All rights reserved. iSHARES and
BLACKROCK are trademarks of BlackRock, Inc., or its
subsidiaries in the United States and elsewhere. All other marks
are the property of their respective owners.
version on businesswire.com: https://www.businesswire.com/news/home/20210621005802/en/
Luke Shane Luke.Shane@BlackRock.com 646.592.1672
Federico Serrano Federico.Serrano@BlackRock.com
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