iShares® iBonds Dec 2022 Term Muni Bond ETF Nears Final Distribution Date
30 Setembro 2022 - 6:45PM
Business Wire
BlackRock announced today the planned termination of the
iShares iBonds Dec 2022 Term Muni Bond ETF (NYSE: IBMK).
IBMK’s last day of trading and final NAV calculation date will
be Thursday, December 1, 2022. Its liquidation date will be
Wednesday, December 7, 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 short-term, tax-exempt
instruments and cash. Remaining shareholders will receive their
proceeds from liquidations on or around the listed liquidation
dates, 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 to
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.
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 $2.78 trillion in assets under management as of June 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.
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.
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.
Funds that concentrate investments in specific industries,
sectors, markets or asset classes may underperform or be more
volatile than other industries, sectors, markets or asset classes
and than the general securities market.
The iShares® iBonds® Muni ETFs (“Funds”) will terminate in
September or December of the year in the 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. In the final
months of the Fund’s operation, as the bonds it holds mature, its
portfolio will transition to cash and cash-like instruments.
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 do not seek to return
any predetermined amount.
During the final months prior to the Fund’s planned termination
date, its yield will generally tend to move toward prevailing
tax-exempt money market rates, and may be lower than the yields of
the bonds previously held by the Fund and lower than prevailing
yields for bonds in the 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. 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 municipal
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.
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 Funds are distributed by BlackRock Investments, LLC
(together with its affiliates, “BlackRock”).
©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.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20220930005469/en/
MEDIA:
Luke Shane Luke.Shane@BlackRock.com 646.592.1672
BlackRock (NYSE:BLK)
Gráfico Histórico do Ativo
De Mar 2024 até Abr 2024
BlackRock (NYSE:BLK)
Gráfico Histórico do Ativo
De Abr 2023 até Abr 2024