BHV - BlackRock Virginia Municipal Bond Trust

What this means for you

Saba owned more than 5% of this fund and has since sold down below that level, so it no longer has to report its holding.

Nothing is required of you. If a large investor buys in again, the notice appears here the day it is filed.

Email me if this changes

What happened, and when

1. Sept 10, 2026

   The fund said it will repay some borrowed money on Oct 2, 2026.

   Original document →

2. Feb 27, 2026

   The fund said it will repay some borrowed money on April 1, 2026.

   Original document →

3. Sept 11, 2025

   The fund said it will repay some borrowed money on Oct 11, 2025.

   Original document →

4. Sept 8, 2025

   The fund proposed folding into MQY. Holders vote on Oct 15, 2025. Latest document Aug 12, 2025.

   Original document →

5. Sept 2, 2025

   The fund proposed folding into MQY. Holders vote on Oct 15, 2025.

   Original document →

About this fund

• Run by BlackRock Advisors, LLC. Part of the BlackRock-advised Funds fund family. As of July 31, 2025, from the fund's yearly report. Original document →
• Size: about $18.3 million of holdings, as of April 30, 2026. As of April 30, 2026, from the fund's quarterly holdings report. Original document →
• Borrowing: the fund borrows about 39% on top of its own money, as of April 30, 2026. Borrowed money makes gains and losses bigger. About 98% of that is money the fund has borrowed by selling preferred shares. As of April 30, 2026, from the fund's quarterly holdings report. Original document →
• Costs: 0.7% a year in management fees; 4.5% a year in total, including interest on borrowed money. Fiscal year ended July 31, 2025. As of July 31, 2025, from the fund's yearly report. Original document →
• Payouts: last fiscal year (ended July 31, 2025) the fund paid $0.59 a share. $0.35 of that was income; $0.24 was your own money back, not income. As of July 31, 2025, from the fund's annual report. Original document →
• Value of holdings per share at the last fiscal year end (July 31, 2025): $10.94. The shares traded at $10.45, about 4.5% below that. As of July 31, 2025, from the fund's yearly report. Original document →
• How the holdings did: up 1% over the last three months we have (Feb-April 2026), before the share price is taken into account. Over the last 12 months: +5.7%. As of April 30, 2026, from the fund's quarterly holdings report. Original document →
• How the holdings did over the fiscal year (ended July 31, 2025): the value of the holdings returned -7.4%. How the share price did: the shares returned -0.7% over the same year, counting payouts and the change in the market price. As of July 31, 2025, from the fund's annual report. Original document →
• First reported to the regulator in 2002.

What the fund holds

Mostly tax-free municipal bonds (94%), the rest cash and short-term holdings. About 100% issued in the U.S.

1. Hampton Roads Transportation Accountability Commission, Hampton Roads VA Transprtn Accountability Commission - 9.9%
2. Cash and short-term - 9.8%
3. Virginia Public School Authority, Virginia St Public Sch Auth Spl Oblig Hanover Cnty - 6%
4. Black Belt Energy Gas District, Black Belt Energy Gas Dist Al Gas Project Revenue - 5.9%
5. Winchester Economic Development Authority, Winchester VA Econ Dev Auth Annual Approp Econ Dev - 5.9%
6. Chesterfield County Economic Development Authority, Chesterfield Cnty VA Econ Dev Auth Revenue - 8.8%
7. Virginia College Building Authority, Virginia St Clg Bldg Auth Eductnl Facs Revenue - 5.8%
8. Virginia Commonwealth University Health System Authority, Virginia St Cmwlth Univ Hlth Sys Auth Revenue - 5.8%
9. Prince William County Service Authority, Prince William Cnty VA Svc Auth Wtr & Swr Sys Revenue - 5.7%
10. Virginia Housing Development Authority, Virginia St Hsg Dev Auth - 20%

As of April 30, 2026, from the fund's quarterly holdings report. Original document →