M&A - BlackRock ETF Trust

Form Type: N-14

Filing Date: 2025-02-20

Corporate Action: Merger

Type: New

Accession Number: 000119312525030814

Filing Summary: On February 20, 2025, BlackRock ETF Trust filed a Registration Statement under Form N-14 concerning the reorganization of two of its funds: BlackRock GA Disciplined Volatility Equity Fund and BlackRock GA Dynamic Equity Fund. Each of these mutual funds will be reorganized into newly formed exchange-traded funds (ETFs) named iShares Disciplined Volatility Equity Active ETF and iShares Dynamic Equity Active ETF. Following these reorganizations, the mutual funds will be liquidated. This strategic move is intended to lower total annual fund operating expenses, enhance trading flexibility, and increase transparency for shareholders. The document outlines the steps involved in the reorganization process, which includes the transfer of assets, distribution of new ETF shares to shareholders, and the subsequent liquidation of the mutual funds. Significant emphasis is placed on the benefits of the ETF structure compared to mutual funds, including daily trading, lower expenses, and tax efficiency. Importantly, no shareholder vote is required to complete the reorganizations. Shareholders are advised to ensure they hold their shares through a brokerage capable of accepting ETF shares; otherwise, their investments will be liquidated with an equivalent cash value as of September 5, 2025.

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Form Type: 497

Filing Date: 2025-01-10

Corporate Action: Merger

Type: Update

Accession Number: 000119312525004472

Filing Summary: On January 10, 2025, a supplement was issued regarding the BlackRock International Dividend ETF (the 'Fund'), indicating a name change to 'iShares International Dividend Active ETF' effective February 19, 2025. This reorganization follows the November 15, 2024 acquisition of all assets and certain liabilities from the Fund's predecessor, the BlackRock International Dividend Fund. The change is a result of a Board of Trustees decision on July 30, 2024, to approve this transition. Stakeholders are advised to retain the supplement for future reference.

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Form Type: 497K

Filing Date: 2025-01-10

Corporate Action: Merger

Type: Update

Accession Number: 000119312525004480

Filing Summary: On January 10, 2025, BlackRock ETF Trust issued an update concerning the BlackRock International Dividend ETF. The Board of Trustees had approved a name change for the Fund to 'iShares International Dividend Active ETF', which is slated to take effect on February 19, 2025. This update follows a reorganization that took place on November 15, 2024, when the Fund acquired all assets and assumed certain stated liabilities of its predecessor, the BlackRock International Dividend Fund. This document serves as a supplement to the Summary Prospectus, Prospectus, and Statement of Additional Information dated November 18, 2024.

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