BlackRock® Canada Announces the Termination of iShares Convertible Bond Index ETF
Key Highlights
- ➤BlackRock Canada will terminate iShares Convertible Bond Index ETF (CVD) on or about January 21, 2027
- ➤CVD units expected to cease trading and delist from TSX around January 18, 2027
- ➤CVD assets will be liquidated, with proceeds distributed pro rata to unitholders
- ➤CVD plans terminate November 23, 2026; final distribution expected January 5, 2027
TORONTO, Oct. 23, 2026 (GLOBE NEWSWIRE) -- BlackRock Asset Management Canada Limited (“BlackRock Canada”), an indirect, wholly-owned subsidiary of BlackRock, Inc. (“BlackRock”) (NYSE:BLK) announced today that it intends to terminate iShares Convertible Bond Index ETF (the “Terminating Fund”), based on an ongoing process to review its product lineup. The Terminating Fund will terminate on or about January 21, 2027 (the “Termination Date”).
BlackRock Canada expects that the units of the Terminating Fund will cease trading on the Toronto Stock Exchange (the “TSX”) and be voluntarily delisted from the TSX on or about January 18, 2027. In connection with the termination of the Terminating Fund, the distribution reinvestment plan, pre-authorized cash contribution plan and the systematic withdrawal plan of the Terminating Fund will be terminated on or about November 23, 2026.
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