iShares iBonds ETF Nears Final Distribution Date

BlackRock announced today the planned termination of the iShares iBonds Dec 2025 Term Muni Bond ETF which includes 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

IBMN

iShares iBonds Dec 2025 Term Muni Bond ETF

Cboe BZX

12/01/25

12/01/25

12/04/25

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 mature, 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 enhance diversification in their portfolios.

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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 1,600+ exchange traded funds (ETFs) and over $4.7 trillion in assets under management as of June 30, 2025, iShares continues to drive progress for the financial industry. iShares funds are powered by the expert portfolio and risk management of BlackRock.