iShares iBonds Sep 2018 Term Muni Bond ETF Nears Final Distribution Date

BlackRock announced today that iShares iBonds Sep 2018 Term Muni Bond ETF (NYSE: IBMG) will, by design, cease trading at the close of U.S. market hours on September 4, 2018. Leading up to the final distribution date, the individual bonds in the ETF will mature and the fund will transition 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 September 10, 2018, subject to their brokerage processes.