diff --git a/History.rdoc b/History.rdoc
index 2ae9ba762..455b27dd9 100644
--- a/History.rdoc
+++ b/History.rdoc
@@ -1,3 +1,19 @@
+=== 12.3.2
+
+==== Bug fixes
+
+* Fixed test fails caused by 2.6 warnings.
+  Pull Request #297 by hsbt
+
+==== Enhancements:
+
+* Rdoc improvements.
+  Pull Request #293 by colby-swandale
+* Improve multitask performance.
+  Pull Request #273 by jsm
+* Add alias `prereqs`.
+  Pull Request #268 by take-cheeze
+
 === 12.3.1
 
 ==== Bug fixes
diff --git a/lib/rake/version.rb b/lib/rake/version.rb
index 2d66a8f74..53ba15e0e 100644
--- a/lib/rake/version.rb
+++ b/lib/rake/version.rb
@@ -1,6 +1,6 @@
 # frozen_string_literal: true
 module Rake
-  VERSION = "12.3.1"
+  VERSION = "12.3.2"
 
   module Version # :nodoc: all
     MAJOR, MINOR, BUILD, *OTHER = Rake::VERSION.split "."