iShares® 2022 Term Maturity iBonds® ETFs Near Final Distribution Dates
October 14 2022 - 5:30PM
Business Wire
BlackRock announced today the planned termination of three 2022
iShares iBonds ETFs with the following timelines for trading,
net-asset value (NAV) circulation and expected liquidation:
Ticker
Fund
name
Exchange
Last
day of trading
Final NAV calculation date
Expected liquidation date
IBDN
iShares® iBonds® Dec 2022 Term Corporate
ETF
NYSE Arca
12/15/2022
12/15/2022
12/21/2022
IBHB
iShares® iBonds® 2022 Term High Yield and
Income ETF
Cboe BZX
12/15/2022
12/15/2022
12/21/2022
IBTB
iShares® iBonds® Dec 2022 Term Treasury
ETF
NASDAQ
12/15/2022
12/15/2022
12/21/2022
iBonds cease trading by design, because they mature during a
specific maturity window like an individual bond. Leading up to the
ETF’s final distribution date, the bonds held by iBonds ETFs
mature, and the ETF transitions into cash and cash equivalents.
Shareholders will receive their proceeds from liquidations on or
around the listed liquidation dates, based on their brokerage’s
processes.
iShares iBonds ETFs, across treasuries, municipal bonds and both
investment-grade and high-yield corporate credit remain available
to investors with maturation dates ranging from 2023 to 2032.
About BlackRock
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.
About iShares
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 $2.62
trillion in assets under management as of September 30, 2022,
iShares continues to drive progress for the financial industry.
iShares funds are powered by the expert portfolio and risk
management of BlackRock.
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
principal.
Fixed income risks include interest-rate and credit risk.
Typically, when interest rates rise, there is a corresponding
decline in bond values. Credit risk refers to the possibility that
the bond issuer will not be able to make principal and interest
payments. Non-investment-grade debt securities (high-yield/junk
bonds) may be subject to greater market fluctuations, risk of
default or loss of income and principal than higher-rated
securities. An investment in the Fund is not insured or guaranteed
by the Federal Deposit Insurance Corporation or any other
government agency and its return and yield will fluctuate with
market conditions.
Shares of ETFs trade at market price, which may be greater or
less than net asset value. The iShares® iBonds® ETFs (“Funds”) will
terminate within the month and year in each Fund’s name. An
investment in the Fund(s) is not guaranteed, and an investor may
experience losses and/or tax consequences, including near or at the
termination date. In the final months of each Fund's operation, its
portfolio will transition to cash and cash-like instruments. As a
result, its yield will tend to move toward prevailing money market
rates, and may be lower than the yields of the bonds previously
held by the Fund and lower than prevailing yields in the bond
market.
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.
©2022 BlackRock, Inc. All rights reserved. iSHARES,
iBONDS 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.
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version on businesswire.com: https://www.businesswire.com/news/home/20221014005085/en/
MEDIA: Luke Shane Luke.Shane@BlackRock.com
646.592.1672
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