diff --git a/ReactCommon/fabric/core/events/EventDispatcher.h b/ReactCommon/fabric/core/events/EventDispatcher.h
index d241f3a29..0f61a010e 100644
--- a/ReactCommon/fabric/core/events/EventDispatcher.h
+++ b/ReactCommon/fabric/core/events/EventDispatcher.h
@@ -39,6 +39,9 @@ public:
     const folly::dynamic &payload,
     const EventPriority &priority
   ) const = 0;
+
+  virtual void releaseEventTarget(const EventTarget &eventTarget) const = 0;
+
 };
 
 } // namespace react
diff --git a/ReactCommon/fabric/core/events/EventEmitter.cpp b/ReactCommon/fabric/core/events/EventEmitter.cpp
index ec42f0f1d..fdb1b9889 100644
--- a/ReactCommon/fabric/core/events/EventEmitter.cpp
+++ b/ReactCommon/fabric/core/events/EventEmitter.cpp
@@ -15,9 +15,18 @@ namespace react {
 EventEmitter::EventEmitter(const InstanceHandle &instanceHandle, const Tag &tag, const SharedEventDispatcher &eventDispatcher):
   instanceHandle_(instanceHandle),
   tag_(tag),
-  eventDispatcher_(eventDispatcher) {}
+  eventDispatcher_(eventDispatcher) {
+  if (eventDispatcher) {
+    eventTarget_ = createEventTarget();
+  }
+}
 
-EventEmitter::~EventEmitter() {}
+EventEmitter::~EventEmitter() {
+  auto &&eventDispatcher = eventDispatcher_.lock();
+  if (eventDispatcher && eventTarget_) {
+    eventDispatcher->releaseEventTarget(eventTarget_);
+  }
+}
 
 void EventEmitter::dispatchEvent(
   const std::string &type,
@@ -29,7 +38,7 @@ void EventEmitter::dispatchEvent(
     return;
   }
 
-  EventTarget eventTarget = createEventTarget();
+  assert(eventTarget_ && "Attempted to dispatch an event without an eventTarget.");
 
   // Mixing `target` into `payload`.
   assert(payload.isObject());
@@ -37,7 +46,7 @@ void EventEmitter::dispatchEvent(
   extendedPayload.merge_patch(payload);
 
   // TODO(T29610783): Reconsider using dynamic dispatch here.
-  eventDispatcher->dispatchEvent(eventTarget, type, extendedPayload, priority);
+  eventDispatcher->dispatchEvent(eventTarget_, type, extendedPayload, priority);
 }
 
 EventTarget EventEmitter::createEventTarget() const {
diff --git a/ReactCommon/fabric/core/events/EventEmitter.h b/ReactCommon/fabric/core/events/EventEmitter.h
index f63c59d73..d854b00ba 100644
--- a/ReactCommon/fabric/core/events/EventEmitter.h
+++ b/ReactCommon/fabric/core/events/EventEmitter.h
@@ -53,6 +53,7 @@ private:
   InstanceHandle instanceHandle_;
   Tag tag_;
   std::weak_ptr<const EventDispatcher> eventDispatcher_;
+  mutable EventTarget eventTarget_ {nullptr};
 };
 
 } // namespace react
diff --git a/ReactCommon/fabric/uimanager/FabricUIManager.cpp b/ReactCommon/fabric/uimanager/FabricUIManager.cpp
index 1c8f96b3d..0c17bfc00 100644
--- a/ReactCommon/fabric/uimanager/FabricUIManager.cpp
+++ b/ReactCommon/fabric/uimanager/FabricUIManager.cpp
@@ -102,6 +102,10 @@ void FabricUIManager::setReleaseEventHandlerFunction(std::function<ReleaseEventH
   releaseEventHandlerFunction_ = releaseEventHandlerFunction;
 }
 
+void FabricUIManager::setReleaseEventTargetFunction(std::function<ReleaseEventTargetFunction> releaseEventTargetFunction) {
+  releaseEventTargetFunction_ = releaseEventTargetFunction;
+}
+
 EventTarget FabricUIManager::createEventTarget(const InstanceHandle &instanceHandle) const {
   return createEventTargetFunction_(instanceHandle);
 }
@@ -115,6 +119,10 @@ void FabricUIManager::dispatchEvent(const EventTarget &eventTarget, const std::s
   );
 }
 
+void FabricUIManager::releaseEventTarget(const EventTarget &eventTarget) const {
+  releaseEventTargetFunction_(eventTarget);
+}
+
 SharedShadowNode FabricUIManager::createNode(int tag, std::string viewName, int rootTag, folly::dynamic props, InstanceHandle instanceHandle) {
   isLoggingEnabled && LOG(INFO) << "FabricUIManager::createNode(tag: " << tag << ", name: " << viewName << ", rootTag: " << rootTag << ", props: " << props << ")";
 
diff --git a/ReactCommon/fabric/uimanager/FabricUIManager.h b/ReactCommon/fabric/uimanager/FabricUIManager.h
index bd16f0294..3f6691333 100644
--- a/ReactCommon/fabric/uimanager/FabricUIManager.h
+++ b/ReactCommon/fabric/uimanager/FabricUIManager.h
@@ -21,6 +21,7 @@ namespace react {
 using CreateEventTargetFunction = EventTarget (InstanceHandle instanceHandle);
 using DispatchEventFunction = void (EventHandler eventHandler, EventTarget eventTarget, std::string type, folly::dynamic payload);
 using ReleaseEventHandlerFunction = void (EventHandler eventHandler);
+using ReleaseEventTargetFunction = void (EventTarget eventTarget);
 
 class FabricUIManager {
 public:
@@ -46,11 +47,13 @@ public:
   void setCreateEventTargetFunction(std::function<CreateEventTargetFunction> createEventTargetFunction);
   void setDispatchEventFunction(std::function<DispatchEventFunction> dispatchEventFunction);
   void setReleaseEventHandlerFunction(std::function<ReleaseEventHandlerFunction> releaseEventHandlerFunction);
+  void setReleaseEventTargetFunction(std::function<ReleaseEventTargetFunction> releaseEventTargetFunction);
 
 #pragma mark - Native-facing Interface
 
   EventTarget createEventTarget(const InstanceHandle &instanceHandle) const;
   void dispatchEvent(const EventTarget &eventTarget, const std::string &type, const folly::dynamic &payload) const;
+  void releaseEventTarget(const EventTarget &eventTarget) const;
 
 #pragma mark - JavaScript/React-facing Interface
 
@@ -73,6 +76,7 @@ private:
   std::function<CreateEventTargetFunction> createEventTargetFunction_;
   std::function<DispatchEventFunction> dispatchEventFunction_;
   std::function<ReleaseEventHandlerFunction> releaseEventHandlerFunction_;
+  std::function<ReleaseEventTargetFunction> releaseEventTargetFunction_;
 };
 
 } // namespace react
diff --git a/ReactCommon/fabric/uimanager/SchedulerEventDispatcher.cpp b/ReactCommon/fabric/uimanager/SchedulerEventDispatcher.cpp
index 11d40c1d3..77d694253 100644
--- a/ReactCommon/fabric/uimanager/SchedulerEventDispatcher.cpp
+++ b/ReactCommon/fabric/uimanager/SchedulerEventDispatcher.cpp
@@ -27,6 +27,7 @@ void SchedulerEventDispatcher::setUIManager(std::shared_ptr<const FabricUIManage
 }
 
 EventTarget SchedulerEventDispatcher::createEventTarget(const InstanceHandle &instanceHandle) const {
+  assert(uiManager_ && "Attempted to create EventTarget after FabricUIManager dies.");
   return uiManager_->createEventTarget(instanceHandle);
 }
 
@@ -36,9 +37,19 @@ void SchedulerEventDispatcher::dispatchEvent(
   const folly::dynamic &payload,
   const EventPriority &priority
 ) const {
+  if (!uiManager_) {
+    return;
+  }
   // TODO: Schedule the event based on priority.
   uiManager_->dispatchEvent(eventTarget, normalizeEventType(type), payload);
 }
 
+void SchedulerEventDispatcher::releaseEventTarget(const EventTarget &eventTarget) const {
+  if (!uiManager_) {
+    return;
+  }
+  uiManager_->releaseEventTarget(eventTarget);
+}
+
 } // namespace react
 } // namespace facebook
diff --git a/ReactCommon/fabric/uimanager/SchedulerEventDispatcher.h b/ReactCommon/fabric/uimanager/SchedulerEventDispatcher.h
index bb6fd12de..847946b57 100644
--- a/ReactCommon/fabric/uimanager/SchedulerEventDispatcher.h
+++ b/ReactCommon/fabric/uimanager/SchedulerEventDispatcher.h
@@ -40,6 +40,9 @@ public:
     const EventPriority &priority
   ) const override;
 
+
+  void releaseEventTarget(const EventTarget &eventTarget) const override;
+
 private:
 
   // TODO: consider using std::weak_ptr<> instead for better memory management.