New York, 28 September 2020 – BlackRock is pleased to announce, in partnership with Mischler Financial Group (“Mischler”), a leading disabled veteran-owned broker dealer, that registration statements for Mischler Financial Group Shares, a dedicated share class for clients of Mischler and its affiliates, have been filed with the Securities and Exchange Commission for FedFund, a series of BlackRock Liquidity Funds and for BlackRock Liquid Environmentally Aware Fund (LEAF), a series of BlackRock Funds®. Increasingly, we believe clients are looking to maximize their social impact and partner with minority, women and disabled-veteran broker dealers for their debt and equity raises and subsequent cash investment of the proceeds.
The partnership between BlackRock and Mischler brings together the investment experience of BlackRock Cash Management and the institutional relationships of Mischler creating a powerful intersection for mutual corporate clients.
“We are very excited to enter into this initiative with BlackRock, a leader in cash management,” stated Dean Chamberlain, Mischler’s Chief Executive Officer and a West Point graduate and former U.S. Army Officer. La-Yona Rauls, Head of Corporate Cash Strategies at Mischler adds, “We are both proud and honored to help advance a groundbreaking initiative that can be embraced by the growing number of investors who are ESG-focused and are determined to engage with emerging, diversity-certified firms such as Mischler Financial Group.”
“For over a decade, BlackRock has been working to proactively engage minority, women, and/or disabled-veteran owned broker-dealers to help them emerge as strong liquidity providers to our platform and strong distribution partners of our investment solutions,” says Tom Callahan, Global Head of BlackRock Cash Management. “We are proud to be working with a firm of Mischler’s caliber whose dedication to diversity and excellence is on display in all that they do. The distribution of dedicated cash management solutions for our mutual clients is a natural next step.”
BlackRock’s purpose is to help more and more people experience financial well- being. As a fiduciary to investors and a leading provider of financial technology, our clients turn to us for the solutions they need when planning for their most important goals. As of June 30, 2020, the firm managed approximately $7.32 trillion in assets on behalf of investors worldwide. For additional information on BlackRock, please visit www.blackrock.com/corporate | Twitter: @blackrock | Blog: www.blackrockblog.com | LinkedIn: www.linkedin.com/company/blackrock.
About Mischler Financial Group
Veteran-owned broker-dealer Mischler Financial Group, Inc. (“Mischler”) was established in 1994 and is a boutique investment bank and conflict-free institutional brokerage. A fully-certified minority-owned firm and minority business enterprise (MBE), Mischler was one of the first FINRA members to be designated as a Service-Disabled-Veteran-Business Enterprise (SDVBE). Today, Mischler is recognized for its role as a leading capital markets boutique operating across the primary and secondary financial market ecosystem. The firm serves Fortune corporate treasurers in the course of their issuing new debt and equity offerings and administering their respective corporate share repurchase aka 10b-18 programs. In many initiatives, Mischler is viewed as a pure complement to the role played by issuers’ lead underwriters and also assists state and local governments in selling tax-exempt and taxable municipal securities. Investment management clients of the firm’s secondary market execution platform include a broad spectrum of public plan sponsors and investment fund managers. Mischler also provides cash management for government entities and corporations, and asset management programs for liquid and alternative investment strategies. Mischler maintains offices in 8 major cities and is staffed by more than 50 securities industry veterans.
An investor should consider the investment objectives, risks and expenses of each of FedFund and LEAF (together, the “Funds”) carefully before investing. The Funds’ Mischler Financial Group Shares prospectuses contain this and other information about the Funds and are available by calling the BlackRock Client Service Center at 1-(800) 441-7450 or by contacting Mischler Financial Group at 1-(800) 820-0640. Please read the prospectus carefully before investing.
The information in Funds’ prospectuses and Statements of Additional Information is not complete and may be changed. The Funds may not sell their securities until the registration statements filed with the Securities and Exchange Commission are effective. The Funds’ prospectuses and Statements of Additional Information are not an offer to sell the Funds’ securities and are not soliciting an offer to buy such securities in any state where the offer or sale is not permitted.
Risk is inherent in all investing. You could lose money by investing in FedFund. Although FedFund seeks to preserve the value of your investment at $1.00 per share, it cannot guarantee it will do so. An investment in FedFund is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. FedFund’s sponsor has no legal obligation to provide financial support to the Fund, and you should not expect that the sponsor will provide financial support to FedFund at any time.
You could lose money by investing in LEAF. Because the share price of LEAF will fluctuate, when you sell your shares, they may be worth more or less than what you originally paid for them. LEAF may impose a fee upon the sale of your shares or may temporarily suspend your ability to sell shares if the Fund’s liquidity falls below required minimums because of market conditions or other factors. An investment in LEAF is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. LEAF’s sponsor has no legal obligation to provide financial support to the Fund, and you should not expect that the sponsor will provide financial support to LEAF at any time.