J.P. Morgan Asset Management Announces Liquidation of JPMorgan Sustainable Infrastructure ETF (BLLD)
J.P. Morgan Asset Management Announces Liquidation of JPMorgan Sustainable Infrastructure ETF (BLLD) |
| [18-February-2025] |
NEW YORK, Feb. 18, 2025 /PRNewswire/ -- J.P. Morgan Asset Management today announced the upcoming liquidation and dissolution of the JPMorgan Sustainable Infrastructure ETF (BLLD).
Shareholders may buy and sell their shares prior to the de-listing date at market prices on Nasdaq. The last day of trading for the ETF on Nasdaq is March 21, 2025. Proceeds from the liquidation will be distributed to shareholders at net asset value on or about March 28, 2025. Shareholders who continue to hold shares of the ETF on the designated liquidation date will receive a liquidating distribution of cash in their brokerage account equal to the amount of the net asset value of their shares. Shareholders who receive a liquidating distribution generally will recognize a capital gain or loss equal to the amount received for their shares over their adjusted basis in such shares if shares are held in a taxable account. Such shareholders should consult their tax advisor about the potential tax consequences. About J.P. Morgan Asset Management J.P. Morgan Asset Management, with assets under management of $3.6 trillion (as of 12/31/2024), is a global leader in investment management. J.P. Morgan Asset Management's clients include institutions, retail investors and high net worth individuals in every major market throughout the world. J.P. Morgan Asset Management offers global investment management in equities, fixed income, real estate, hedge funds, private equity and liquidity. For more information, visit: www.jpmorgan.com/am About JPMorgan Chase JPMorgan Chase & Co. (NYSE: JPM) is a leading financial services firm based in the United States of America ("U.S."), with operations worldwide. JPMorganChase had $4.0 trillion in assets and $345 billion in stockholders' equity as of as of 12/31/2024. The Firm is a leader in investment banking, financial services for consumers and small businesses, commercial banking, financial transaction processing and asset management. Under the J.P. Morgan and Chase brands, the Firm serves millions of customers in the U.S., and many of the world's most prominent corporate, institutional and government clients globally. Information about JPMorgan Chase & Co. is available at www.jpmorganchase.com. J.P. Morgan Funds are distributed by JPMorgan Distribution Services, Inc., which is an affiliate of JPMorgan Chase & Co. Affiliates of JPMorgan Chase & Co. receive fees for providing various services to the funds. JPMorgan Distribution Services, Inc. is a member of FINRA.
SOURCE J.P. Morgan Asset Management | ||
Company Codes: NYSE:JPM, NEO:JPM |
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