Two iShares iBonds ETFs, the Mar 2016 Corporate ex-Financials ETF (IBCB) and the Mar 2016 Corporate ETF (IBDA) will, by design, cease trading at the closure of US market hours on 29 March, 2016.
Leading up to the final distribution date, the individual bonds in the ETFs mature and the funds transition into short-term taxable instruments and cash. Remaining shareholders can expect to receive the entire amount of their proceeds in cash on or after 4 April, 2016, subject to their brokerage processes.
IBCB and IBDA will be the fifth and sixth of the iShares iBonds series to have their underlying holdings mature, and will also be the first and second corporate iBonds ETFs maturing. The first in the series, the iShares 2012 S&P AMT-Free Municipal Series ETF closed in August 2012. There are seven additional iShares ETFs in the Municipal series with end dates ranging from 2016 to 2022. There are 16 additional iShares ETFs in the Corporate series with end dates ranging from 2016 to 2025.