Liquidation: BlackRock Funds V

Form Type: 497

Filing Date: 2025-06-13

Corporate Action: Liquidation

Type: New

Accession Number: 000119312525140735

Filing Summary: On June 5, 2025, the Board of Trustees of BlackRock Funds V approved a proposal to close the BlackRock Impact Mortgage Fund to new and subsequent investments and subsequently to liquidate the Fund. The Fund will stop accepting new orders from investors at 4:00 PM (Eastern time) on September 12, 2025. It is scheduled for complete liquidation of assets on September 19, 2025, at which time all shares held will be redeemed at their net asset value. Shareholders can redeem or exchange their shares into another mutual fund advised by BlackRock Advisors, LLC or its affiliates until the Liquidation Date. In preparation for this liquidation, the Fund may change its investment strategy.

Form Type: 497K

Filing Date: 2025-06-13

Corporate Action: Liquidation

Type: New

Accession Number: 000119312525140741

Filing Summary: On June 5, 2025, the Board of Trustees of BlackRock Funds V approved a proposal to close the BlackRock Impact Mortgage Fund to new and subsequent investments, leading to the fund's liquidation. Effective September 12, 2025, at 4:00 P.M. Eastern time, the fund will cease to accept orders from both new investors and existing shareholders. The Liquidation Date is set for September 19, 2025, at which point all assets will be fully liquidated, and shares will be redeemed at net asset value for shareholders holding shares on that date. Prior to the Liquidation Date, shareholders have the option to redeem shares or exchange them for shares of other mutual funds advised by BlackRock Advisors, LLC or its affiliates. The fund may alter its investment strategies in preparation for liquidation. Shareholders are advised to consult with tax advisers regarding potential tax implications related to the liquidation and any exchanges.