BlackRock Taxable Municipal Bond Trust (BBN)
BBN Price and Sentiment
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No portfolio or strategy can be perfect. But can there be a strategy that can work well in a bull market, a bear market, or a stagnant market, generate a decent income, and conserve capital, all at the same time? We also want our strategy to avoid roller-coaster rides of index investing, have low volatility and limited drawdowns in case of deep corrections.
The taxable municipal bond market is growing and mature. Taxable munis offer a range of benefits for certain investors, in particular insurance companies.
Investors continue to struggle with the generation of income due to the low interest rate policy of the Federal Reserve.
As a working professional, the municipal bond market has been a preferred asset class of mine for a long time. I find the tax-exempt income preferable to alternative, taxable investment grade options. With a new administration in the White House that is calling for higher tax rates on corporations and the wealthy, the outlook for munis should be very bullish.
BlackRock Taxable Municipal Bond Trust Increases Monthly Distribution Amount and Adopts Managed Distribution Plan2021-09-27 18:00
NEW YORK--(BUSINESS WIRE)--The Board of Trustees (the "Board") of BlackRock Taxable Municipal Bond Trust (NYSE: BBN, the “Trust”) approved a Managed Distribution Plan (the "Plan") for the Trust. Pursuant to the Plan, the Trust will pay a monthly distribution to shareholders at a stated annual rate as a percentage of the 3-month average net asset value (“NAV”) as of August 31, 2021 as set out in the table below. Payment of monthly distributions under the Trust's Plan will commence in October 202
For income investors, closed-end funds remain an attractive investment class that covers a variety of asset classes and promise high distributions and reasonable total returns.
The Month In Closed-End Funds: July 2021
The Month In Closed-End Funds: June 2021
BBN has been on a great run over the past four months, and its premium to NAV is still very reasonable. The credit outlook for munis as a whole is quite strong, with tax revenues remaining resilient and the economy on the rebound.
We take a look at the different CEF yield metrics, focusing in particular on net asset portfolio yields after fees - what investor capital actually "earns" in the fund.