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iShares 2013 S&P AMT-Free Municipal Series to liquidate Aug. 21
By Toni Weeks
San Luis Obispo, Calif., June 12 - iShares Trust said that its iShares 2013 S&P AMT-Free Municipal Series will be liquidated at maturity on Aug. 21, according to a 497 filing with the Securities and Exchange Commission.
The liquidation will occur in accordance with the fund's investment objective, which is to seek investment results that correspond generally to the price and yield performance, before fees and expenses, of the S&P AMT-Free Municipal Series 2013 index. All bonds in the index will mature between June 1 and Aug. 1, 2013.
The last day of trading shares of the fund (NYSE Arca: MUAB) will be Aug. 15. Shareholders that remain invested in the fund will receive after Aug. 21 the amount of their proceeds based on the fund's final net asset value as calculated on Aug. 15.
San Francisco-based BlackRock Fund Advisors is the investment adviser to the fund.
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