iShares® iBonds® Oct 2024 Term TIPS ETF Nears Final Distribution Date
2024年8月17日 - 6:07AM
ビジネスワイヤ(英語)
BlackRock announced today the planned termination of the
iShares® iBonds® Oct 2024 Term TIPS ETF (IBIA), which possesses the
following timelines for trading, net-asset value (NAV) calculation
and expected liquidation:
Ticker
Fund
name
Exchange
Last
day of trading
Final NAV calculation date
Liquidation date
IBIA
iShares® iBonds® Oct 2024 Term TIPS
ETF
NYSE Arca
10/15/2024
10/15/2024
10/18/2024
iBonds ETFs are designed to cease trading and mature during a
specific maturity window like an individual bond. Leading up to the
ETF’s final distribution date, the bonds held by the iBonds ETF
matures, and the ETF transitions into short-term instruments and
cash. Shareholders will receive their proceeds from the liquidation
on or around the listed liquidation date, based on their
brokerage’s processes.
iBonds ETFs across treasuries, municipal bonds and both
investment-grade and high-yield corporate credit remain available
to investors. iShares iBonds ETFs can help market participants
build bond ladders and manage interest rate risk in rising rate
environments.
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 | Twitter: @blackrock | LinkedIn:
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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 1400+ exchange traded
funds (ETFs) and $3.8 trillion in assets under management as of
June 30, 2024, 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 the value of debt securities. Credit risk refers to the
possibility that the debt 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. There may be less information on the
financial condition of municipal issuers than for public
corporations. The market for municipal bonds may be less liquid
than for taxable bonds. Some investors may be subject to federal or
state income taxes or the Alternative Minimum Tax (AMT). Capital
gains distributions, if any, are taxable. 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.
The iShares® iBonds® ETFs (“Funds”) will terminate on or about
October or December 15 of the year in each Fund’s name. An
investment in the Fund(s) is not guaranteed, and an investor may
experience losses, including near or at the termination date.
Unlike a direct investment in a bond that has a level coupon
payment and a fixed payment at maturity, the Fund(s) will make
distributions of income that vary over time. In the final months of
each Fund’s operation, as the bonds it holds mature, 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. As the
Fund approaches its termination date, its holdings of money market
or similar funds may increase, causing the Fund to incur the fees
and expenses of these funds.
Following the Fund’s termination date, the Fund will distribute
substantially all of its net assets, after deduction of any
liabilities, to then-current investors without further notice and
will no longer be listed or traded. The Funds’ distributions and
liquidation proceeds are not predictable at the time of investment
and the Funds do not seek to return any predetermined amount.
The rate of Fund distribution payments may adversely affect the
tax characterization of an investor’s returns from an investment in
the Fund relative to a direct investment in bonds. If the amount an
investor receives as liquidation proceeds upon the Fund’s
termination is higher or lower than the investor’s cost basis, the
investor may experience a gain or loss for tax purposes.
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.
©2024 BlackRock, Inc or its affiliates. All rights reserved.
iSHARES, iBONDS and BLACKROCK are trademarks of
BlackRock, Inc. or its affiliates. All other trademarks are those
of their respective owners.
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version on businesswire.com: https://www.businesswire.com/news/home/20240814316315/en/
MEDIA:
Paige Hofman Paige.hofman@blackrock.com 212-810-3368
Rachel Waxman Rachel.waxman@blackrock.com
212-814-5807
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