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LONDON - BlackRock (NYSE:BLK)’s iShares VII plc announced Friday that it will close the iShares MSCI UK IMI (LON:IMI) Leaders UCITS ETF (ISIN:IE00BMDBMH44) next month, with a compulsory redemption of all shares scheduled for August 14, 2025.
According to a company statement, shareholders who still hold positions in the fund on the compulsory redemption date will have their shares automatically redeemed as the fund’s assets are liquidated to return proceeds to investors.
The exchange-traded fund will cease trading on exchanges on August 12, with the final dealing date set for August 13. The expected delisting date is August 18, followed by settlement on August 19.
Shareholders have the option to redeem their shares at any time before the final dealing date following the normal redemption procedures outlined in the fund’s prospectus, rather than waiting for the automatic redemption.
The announcement was made through a regulatory news service filing, with the company noting that an electronic copy of the full shareholder letter will be available for inspection at the Financial Conduct Authority’s National Storage Mechanism and on the iShares website.
The fund closure notice includes regional contact information for shareholders with questions regarding the process, with dedicated helplines established for investors in the United Kingdom (TADAWUL:4280), Germany, and Switzerland.
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