J.P. Morgan Asset Management Announces Liquidation of JPMorgan Sustainable Infrastructure ETF (BLLD)
Rhea-AI Summary
J.P. Morgan Asset Management has announced the liquidation and dissolution of the JPMorgan Sustainable Infrastructure ETF (BLLD). Trading of the ETF on Nasdaq will continue until March 21, 2025, allowing shareholders to buy and sell shares at market prices. The liquidation proceeds will be distributed to remaining shareholders at net asset value on or around March 28, 2025.
Shareholders who hold shares through the liquidation date will receive cash distributions equal to their shares' net asset value in their brokerage accounts. Those with shares in taxable accounts may recognize capital gains or losses based on the difference between the liquidation distribution and their adjusted basis.
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- Complete liquidation and dissolution of BLLD ETF
- Forced liquidation of shareholder positions by March 28, 2025
- Potential tax implications for shareholders holding in taxable accounts
News Market Reaction – JPM
In the trading session that priced this news, JPM declined 0.25%, reflecting a mild negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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
About JPMorgan Chase
JPMorgan Chase & Co. (NYSE: JPM) is a leading financial services firm based in
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.
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SOURCE J.P. Morgan Asset Management