BBN - BlackRock Taxable Municipal Bond Trust
A closed-end fund run by BlackRock. Invests in tax-free municipal bonds. Listed on the New York Stock Exchange.
Is anyone targeting this fund?
Yes - one large investor holds a stake, but it has not asked for changes.
- Sit Investment owns 10.2% as a passive investor. On file since Feb 12, 2024.
Is the fund doing anything you need to act on?
Nothing right now.
What this means for you
One or more large investors own more than 5% of this fund but have told the regulator they are not seeking changes. That is common for banks, brokers and index funds that hold shares for their clients.
Nothing is required of you. If an investor changes its mind, it must file a new notice within days, and it will show up here.
What happened, and when
-
May 29, 2026
The fund said it may sell new shares.
Original document → -
May 11, 2026
The fund said it may sell new shares.
Original document → -
Oct 2, 2025
Sit Investment raised its stake to 10.2% (from 5.1%), as a passive investor.
Original document → -
Feb 12, 2024
Sit Investment now owns 5.1%, as a passive investor.
Original document →
About this fund
- Run by BlackRock Advisors, LLC. Part of the BlackRock-advised Funds fund family. As of Dec 31, 2025, from the fund's yearly report. Original document →
- Size: about $1.05 billion of holdings, as of June 30, 2026. As of June 30, 2026, from the fund's quarterly holdings report. Original document →
- Borrowing: the fund borrows about 36% on top of its own money, as of June 30, 2026. Borrowed money makes gains and losses bigger. As of June 30, 2026, from the fund's quarterly holdings report. Original document →
- Costs: 0.8% a year in management fees; 3.1% a year in total, including interest on borrowed money. Fiscal year ended Dec 31, 2025. As of Dec 31, 2025, from the fund's yearly report. Original document →
- Payouts: last fiscal year (ended Dec 31, 2025) the fund paid $1.14 a share. $0.99 of that was income; $0.15 was your own money back, not income. As of Dec 31, 2025, from the fund's annual report. Original document →
- Value of holdings per share at the last fiscal year end (Dec 31, 2025): $17.28. The shares traded at $16.32, about 5.6% below that.
As of Dec 31, 2025, from the fund's yearly report. Original document →
Over the last two years the gap ranged from 10.6% below to 7% above. As of Dec 31, 2023, from the fund's annual report. Original document → - How the holdings did: up 1.3% over the last three months we have (April-June 2026), before the share price is taken into account. Over the last 12 months: +6.2%. As of June 30, 2026, from the fund's quarterly holdings report. Original document →
- How the holdings did over the fiscal year (ended Dec 31, 2025): the value of the holdings returned +7.9%. How the share price did: the shares returned +8.5% over the same year, counting payouts and the change in the market price. As of Dec 31, 2025, from the fund's annual report. Original document →
- First reported to the regulator in 2010.
+15%-1%
July 2024June 2026
What the fund holds
Almost all tax-free municipal bonds (100%). About 100% issued in the U.S.
- City of Chicago IL Wastewater Transmission Revenue, Chicago Il Wstwtr Transmission Revenue - 3.7%
- Metropolitan Government of Nashville & Davidson County Convention Center Auth, Met Govt Nashville & Davidson Cnty Tn Convention Center Auth - 3.7%
- New Jersey Turnpike Authority, New Jersey St Turnpike Auth Turnpike Revenue - 3.7%
- State of Illinois, Illinois St - 2.6%
- Municipal Electric Authority of Georgia, Muni Elec Auth of Georgia - 4.6%
- Metropolitan Transportation Authority Dedicated Tax Fund, Met Transprtn Auth NY Dedicated Tax Fund - 2.4%
- Pennsylvania Economic Development Financing Authority, Pennsylvania St Econ Dev Fing Auth Revenue - 2.4%
- American Municipal Power, American Muni Pwr-Ohio Inc OH Revenue - 2.3%
- Salt River Project Agricultural Improvement & Power District, Salt River AZ Proj Agric Impt & Pwr Dist Elec - 2.2%
- Metropolitan Transportation Authority, Met Transprtn Auth NY Revenue - 2.1%
Show all 22
- Tobacco Settlement Financing Corp/VA, Tobacco Settlement Fing Corp VA - 2%
- Golden State Tobacco Securitization, Golden St Tobacco Securitization Corp CA Tobacco Settlement - 3.4%
- Texas Private Activity Bond Surface Transportation, Texas St Priv Activity Bond Surface Transprtn Corp Revenue - 1.9%
- California State Public Works Board, California St Public Wks Brd Lease Revenue - 1.9%
- State Board of Administration Finance, Florida St Brd of Admin Fin Corp Revenue - 1.8%
- Washington State Convention Center Public Facilities District, Washington St Convention Center Public Facs Dist - 1.7%
- State of California, California St - 1.7%
- City of Chicago IL Waterworks Revenue, Chicago Il Wtr Revenue - 1.6%
- Chicago Transit Authority Sales Tax Receipts Fund, Chicago Il Transit Auth Sales Tax Recpts Revenue - 1.5%
- Rensselaer Polytechnic Institute - 1.5%
- New Jersey Economic Development Authority, New Jersey St Econ Dev Auth Lease Revenue - 1.5%
- Bay Area Toll Authority, Bay Area CA Toll Auth Toll Bridge Revenue - 1.5%
As of June 30, 2026, from the fund's quarterly holdings report. Original document →
Details: all notices, events and fund facts
| Date | Investor | Stake | Type of notice |
|---|---|---|---|
| Oct 2, 2025 | Sit Investment | 10.2% | Updated notice |
| Feb 12, 2024 | Sit Investment | 5.1% | Passive investor |
| Date | What | Deadline | Document |
|---|---|---|---|
| May 29, 2026 | May sell new shares | none | Original document → |
| May 11, 2026 | May sell new shares | none | Original document → |
- Run by
- BlackRock Advisors, LLC
- Fund family
- BlackRock-advised Funds
- Exchange
- New York Stock Exchange
- Regulator's file number
- 811-22426
- Auditor
- Deloitte & Touche LLP
- Fiscal year end
- Dec 31, 2025
- Number of holdings
- 278
- Preferred share classes
- none
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