NEW YORK--(BUSINESS WIRE)--
BlackRock, Inc. (NYSE:BLK) announced today that the Board of Trustees of
iShares Trust has authorized share splits for a number of iShares®
iBonds® ETFs. The Board has approved a 4-for-1 split for ten iShares®
iBonds® Corporate ETFs and a 2-1 split for two iShares® iBonds® Muni
ETFs for shareholders of record as of the close of business on May 18,
2015, payable after the close of trading on May 20, 2015:
|
|
|
|
|
|
|
|
|
|
|
|
|
Fund Name
|
|
|
|
Ticker
|
|
Inception Date
|
|
NAV/Share
(as of 4/15/15)
|
|
Proposed
Forward Split
Ratio
|
|
iBonds® Dec 2016 Corporate ETF
|
|
|
|
IBDF
|
|
5/28/2014
|
|
100.1
|
|
4 for 1
|
|
iBonds® Dec 2017 Corporate ETF
|
|
|
|
IBDJ
|
|
3/10/2015
|
|
99.5
|
|
4 for 1
|
|
iBonds® Dec 2018 Corporate ETF
|
|
|
|
IBDH
|
|
5/28/2014
|
|
100.79
|
|
4 for 1
|
|
iBonds® Dec 2019 Corporate ETF
|
|
|
|
IBDK
|
|
3/10/2015
|
|
100.18
|
|
4 for 1
|
|
iBonds® Dec 2020 Corporate ETF
|
|
|
|
IBDL
|
|
12/2/2014
|
|
102.15
|
|
4 for 1
|
|
iBonds® Dec 2021 Corporate ETF
|
|
|
|
IBDM
|
|
3/10/2015
|
|
100.58
|
|
4 for 1
|
|
iBonds® Dec 2022 Corporate ETF
|
|
|
|
IBDN
|
|
3/10/2015
|
|
100.61
|
|
4 for 1
|
|
iBonds® Dec 2023 Corporate ETF
|
|
|
|
IBDO
|
|
3/11/2015
|
|
100.61
|
|
4 for 1
|
|
iBonds® Dec 2024 Corporate ETF
|
|
|
|
IBDP
|
|
3/11/2015
|
|
100.67
|
|
4 for 1
|
|
iBonds® Dec 2025 Corporate ETF
|
|
|
|
IBDQ
|
|
3/11/2015
|
|
100.78
|
|
4 for 1
|
|
iBonds® Sep 2016 AMT-Free Muni Bond ETF
|
|
|
|
IBME
|
|
1/7/2010
|
|
53.29
|
|
2 for 1
|
|
iBonds® Sep 2017 AMT-Free Muni Bond ETF
|
|
|
|
IBMF
|
|
1/7/2010
|
|
54.95
|
|
2 for 1
|
|
|
|
|
|
|
|
|
|
|
|
|
The 4-for-1 and 2-for-1 splits will lower the share price and increase
the number of outstanding shares. The total value of shares outstanding
is not affected by a split.
Each iBonds ETF holds a portfolio of investment grade bonds that mature
within a specified range of dates and trades on an exchange. iBonds ETFs
can be used to build laddered bond portfolios, which can help diversify
a portfolio’s exposure to bonds with different maturities.
About iShares
iShares is a global leader in exchange-traded funds (ETFs), with more
than a decade of expertise and commitment to individual and
institutional investors of all sizes. With over 700 funds globally
across multiple asset classes and strategies and more than $1 trillion
in assets under management as of March 31, 2015, iShares helps clients
around the world build the core of their portfolios, meet specific
investment goals and implement market views. iShares funds are powered
by the expert portfolio and risk management of BlackRock, trusted to
manage more money than any other investment firm*.
About BlackRock
BlackRock is a leader in investment management, risk management and
advisory services for institutional and retail clients worldwide. At
March 31, 2015, BlackRock’s AUM was $4.774 trillion. BlackRock helps
clients meet their goals and overcome challenges with a range of
products that include separate accounts, mutual funds, iShares®
(exchange-traded funds), and other pooled investment vehicles. BlackRock
also offers risk management, advisory and enterprise investment system
services to a broad base of institutional investors through BlackRock
Solutions®. Headquartered in New York City, as of March 31, 2015, the
firm had approximately 12,300 employees in more than 30 countries and a
major presence in key global markets, including North and South America,
Europe, Asia, Australia and the Middle East and Africa. For additional
information, please visit the Company’s website at www.blackrock.com
| Twitter: @blackrock_news | Blog: www.blackrockblog.com
| LinkedIn: www.linkedin.com/company/blackrock
*Based on $4.77T in AUM as of 3/31/15.
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 and, 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. Diversification may
not protect against market risk or loss of principal.
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.
The Funds are distributed by BlackRock Investments, LLC (together with
its affiliates, “BlackRock”).
©2015 BlackRock. All rights reserved. iSHARES, BLACKROCK, iBONDS and
BLACKROCK SOLUTIONS are registered trademarks of BlackRock. All
other marks are those of their respective owners. iS-15522-0515
BlackRock, Inc.
Melissa Garville, 212-810-5528
Melissa.Garville@blackrock.com
or
Paul
Young, 212-810-8142
Paul.Young@blackrock.com
Source: BlackRock, Inc.