iShares iBonds Dec 2018 Term Corporate ETF Nears Final Distribution Date

Business Wire 12-Oct-2018 5:25 PM

ETF Shareholders to Receive Payout in December

BlackRock (NYSE:BLK) announced today that iShares® iBonds® Dec 2018 Term Corporate ETF (NYSE:IBDH) will, by design, cease trading at the close of U.S. market hours on December 17, 2018. Leading up to the final distribution date, the individual bonds in the ETF mature and the fund transitions 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 December 20, 2018, subject to their brokerage processes.

The iShares iBonds Dec 2018 Term Corporate ETF will be the seventh iShares Corporate ETF to have its underlying holdings mature. The first in the series, the iShares iBonds Mar 2016 Corporate ex-Financials ETF, closed in March 2016. There are fourteen additional iShares Corporate ETFs in the series with end dates ranging from 2019 to 2028.

iShares iBonds Term Corporate Bond ETFs are designed to offer investors exposure to investment results of an index composed of U.S. dollar-denominated, investment-grade corporate bonds. Like a bond, each fund has periodic distributions of income and a predetermined date when the fund will close and distribute all proceeds out to shareholders.

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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 800+ exchange traded funds (ETFs) and $1.8 trillion in assets under management as of June 30, 2018. iShares continues to drive progress for the financial industry. iShares funds are powered by the expert portfolio and risk management of BlackRock, trusted to manage more money than any other investment firm1.

1 Based on $6.3 trillion in AUM as of 6/30/18

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.

The iShares Funds are distributed by BlackRock Investments, LLC (together with its affiliates, "BlackRock").

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.

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 iShares Funds are not sponsored, endorsed, issued, sold or promoted by Barclays or Bloomberg Finance L.P., nor do these companies make any representation regarding the advisability of investing in the Funds. BlackRock is not affiliated with the companies listed above.

©2018 BlackRock. All rights reserved. iSHARES and BLACKROCK are registered trademarks of BlackRock. All other marks are the property of their respective owners.

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