BlackRock announces Share Splits for iShares® iBonds® ETFs

BlackRock, Inc. has announced that the Board of Trustees of iShares Trust has authorized share splits for a number of iShares® iBonds® ETFs. The Board has approved a


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4-for-1 split for ten iShares® iBonds® Corporate ETFs and a 2-1 split for two iShares® iBonds® Muni ETFs for shareholders of record as of the close of business on May 18, 2015, payable after the close of trading on May 20, 2015:

Fund Name       Ticker   Inception Date  

NAV/Share
(as of 4/15/15)

 

Proposed
Forward Split
Ratio

iBonds® Dec 2016 Corporate ETF       IBDF   5/28/2014   100.1   4 for 1
iBonds® Dec 2017 Corporate ETF       IBDJ   3/10/2015   99.5   4 for 1
iBonds® Dec 2018 Corporate ETF       IBDH   5/28/2014   100.79   4 for 1
iBonds® Dec 2019 Corporate ETF       IBDK   3/10/2015   100.18   4 for 1
iBonds® Dec 2020 Corporate ETF       IBDL   12/2/2014   102.15   4 for 1
iBonds® Dec 2021 Corporate ETF       IBDM   3/10/2015   100.58   4 for 1
iBonds® Dec 2022 Corporate ETF       IBDN   3/10/2015   100.61   4 for 1
iBonds® Dec 2023 Corporate ETF       IBDO   3/11/2015   100.61   4 for 1
iBonds® Dec 2024 Corporate ETF       IBDP   3/11/2015   100.67   4 for 1
iBonds® Dec 2025 Corporate ETF       IBDQ   3/11/2015   100.78   4 for 1
iBonds® Sep 2016 AMT-Free Muni Bond ETF       IBME   1/7/2010   53.29   2 for 1
iBonds® Sep 2017 AMT-Free Muni Bond ETF       IBMF   1/7/2010   54.95   2 for 1
                     

The 4-for-1 and 2-for-1 splits will lower the share price and increase the number of outstanding shares. The total value of shares outstanding is not affected by a split.

Each iBonds ETF holds a portfolio of investment grade bonds that mature within a specified range of dates and trades on an exchange. iBonds ETFs can be used to build laddered bond portfolios, which can help diversify a portfolio’s exposure to bonds with different maturities.

Source: ETFWorld.com

WMCR
Wilshire Micro-Cap ETF (based on the Wilshire US Micro-Cap Index)


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