Two iShares iBonds Corporate ETFs Near Final Distribution Date

BlackRock announced today that two iShares iBonds Term Corporate ETFs are nearing their final distribution dates.

iShares iBonds Mar 2018 Term Corporate ex-Financials ETF (NYSE: IBCC) will, by design, cease trading at the close of U.S. market hours on March 15, 2018. Leading up to the final distribution date, the individual bonds in the ETF will mature and the fund will transition into short-term, tax-exempt instruments and cash. Remaining shareholders can expect to receive the entire amount of their proceeds in cash on or after March 21, 2018, subject to their brokerage processes.

iShares iBonds Mar 2018 Term Corporate ETF (NYSE: IBDB) will, by design, cease trading at the close of U.S. market hours on March 26, 2018. Leading up to the final distribution date, the individual bonds in the ETF will mature and the fund will transition into short-term, tax-exempt instruments and cash. Remaining shareholders can expect to receive the entire amount of their proceeds in cash on or after April 2, 2018, subject to their brokerage processes.

iShares iBonds Corporate Bond ETFs are designed to offer investors exposure to investment grade corporate bonds with potential benefits of both ETFs and bonds. Each fund contains a diversified set of securities and seeks to track a Bloomberg Barclays Maturity Corporate Index, and can be bought and sold daily on an exchange. Like a bond, each fund has periodic distributions of income and a pre-determined date when the fund will close and distribute proceeds to shareholders.

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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 800 funds globally across multiple asset classes and strategies and more than $1.5 trillion in assets under management as of December 31, 2017, 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 firm¹.