Bringing you live news and features since 2006 

Two iShares iBonds ETFs near final distribution date


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.

Latest News

Saving and investing app, Moneybox, has doubled the number of ETFs available on the platform, in the light of ‘growing..
Global X ETFs has announced the appointment of Ryan O'Connor as its Chief Executive Officer effective as of April 8, 2024. ..
Value-driven structured credit investing firm, Angel Oak Capital Advisors, LLC, has announced the completed conversions of two of its mutual..
Confidence in the continuing strength of bitcoin and Ethereum is driving wider interest in altcoins and other digital assets, according..

Related Articles

Sal Esposito, Zacks Investment Management
Zacks Investment Management started doing investment research in 1978 and in 1992 started its investment management arm, initially with SMAs...
Jeremy Senderowicz, Vedder Price
Jeremy Senderowicz, a member of the Investment Services Group at law firm Vedder Price, has witnessed a steady upswing in...
Graham MacKenzie, Toronto Stock Exchange
The evolution of ETFs has been a multi-decade experience for Toronto Stock Exchange says Graham MacKenzie, managing director, Exchange Traded...
Frank Koudelka, State Street Global Services
ETF data provider and ETF Express data partner, Trackinsight, has published its Global ETF Survey 2024 Report: ‘50+ Charts on...
Subscribe to the ETF Express newsletter

Subscribe for access to our weekly newsletter, newsletter archive, updates on the site and exclusive email content.

Marketing by