BlackRock Core Bond Trust holds a broad bond portfolio for income and potential appreciation. The monthly payment begins with bond interest, while rates, credit and financing influence the value behind it.
Business
Core bond CEF
Listing
BHK · New York Stock Exchange
Reporting period
2026-06-30
Dividend schedule
Monthly
How the business works
Bond coupons produce recurring income after expenses and financing costs. Price changes and realized gains are separate from that income, so both the payment and NAV deserve attention.
Extras are shown separately and are not assumed to repeat.
Reported earnings
Each measure shown separately, per share
Net investment income$0.28
Jan 1, 2026 to Jun 30, 2026
$0.00$0.28
Distribution yield10.53%Sourced distributions divided by dated market priceReported annual income yield5.84%Reported net investment income $0.5600 per share for 2025-01-01 to 2025-12-31, divided by approved 2025-12-31 market price $9.5900. Excludes capital gains; historical, not a current yield or forecast.Reported annual investment income$0.56Per share for 2025 FY. Excludes investment gains.Annual dividend$0.90Current regular payment annualized per share
Reported earnings and sources
Reported earnings for the latest four periods. Compare the same earnings measure across periods; different measures are not added together.
Cash distributions are the total paid per share during each reporting period, including any gains or return of capital. Period lengths may differ, so compare the dates before comparing amounts. Short periods are not annualized.
NAV change excludes distributions. Reported NAV total return includes reinvestment and is copied from the fund statement, not estimated by adding cash distributions to the NAV change.
How to read BHK income
Interest after fund expenses is the main recurring income measure. Compare it with distributions for the same full reporting period.
Watch defaults, interest-rate changes and expenses. Income can hold up while falling bond or loan values reduce NAV.
Income and distributions
Income and cash distributions per share for the same dated periods. Shorter periods are kept separate and are not annualized. Interest after fund expenses is the main recurring income measure. Compare it with distributions for the same full reporting period.
For the first six months of 2026, BHK reported $0.28 of net investment income per share against $0.45 distributed. Bond income covered part of the payment; the next report can show whether that relationship improves.
Bond interest, less expenses and financing costs, is the central recurring income source. A declared distribution can include gains or return of capital as well as investment income; its amount is not an earnings figure.
The earnings available to shareholders depend on the cash generated by these activities after operating and financing costs. Portfolio gains, financing proceeds and recurring income should be evaluated separately.
The portfolio information checked September 11, 2026 reports effective leverage of 34.36%.
Financing can increase earning assets, but its cost reduces income available to common shareholders. When borrowing costs rise or portfolio income falls, the distribution can become harder to sustain.
BlackRock Core Bond Trust reported $0.2800 per share for 2026-01-01 through 2026-06-30, measured as Fund net investment income per common share; actual reporting period, not annualized.
Actual per-share reporting period, without annualisation. Net investment income, realized gains, unrealized changes and cash distributions are different measures. This comparison is not the Fly High forward Dividend Coverage Ratio.
Losses or weaker cash generation in bond investments can reduce the resources available for future distributions.
Watch for changes in the underlying exposure and the next reported results before treating the current payment as evidence of continuing earnings support.
A maintained payment can exceed investment results. Review NAV and reported income together rather than treating distribution yield as total return.
Watch for changes in the underlying exposure and the next reported results before treating the current payment as evidence of continuing earnings support.
Compare the next matching income and distribution figures, then look at interest rates, bond credit, financing costs and NAV for the explanation.
Net asset value (NAV)
NAV per share$8.81Sep 29, 2026Market price$8.30Sep 29, 2026PREMIUM / DISCOUNT TO NAV5.79% discountCalculated from the displayed same-date values.
NAV is the fund's assets minus liabilities, divided by shares outstanding. All values are USD per share.
CEFConnect current common-share NAV and closing market price, both dated 2026-09-29. The published premium or discount agrees with the calculation within source rounding. Older audited NAV history remains unchanged.
Compare the next matching income and distribution figures, then look at interest rates, bond credit, financing costs and NAV for the explanation.
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U.S. federal · Tax year 2025
Dividend tax treatment
The company's 2025 estimate shows mainly ordinary dividends and return of capital. The mix can change from year to year.
Ordinary, nonqualified
58.2%
Qualified dividends
4.58%
Capital-gain distributions
0%
Return of capital
37.22%
This 2025 estimate gives you a useful sense of where the cash may land for tax purposes. It may differ from the final forms. Think of it as a guide to the year, then use your own tax statement for the final split.
The company calls this breakdown an estimate. The company explicitly calls these amounts estimates and says they are not for tax reporting. Actual tax character depends on each shareholder's Form 1099-DIV. Never mark these rows final. Your Form 1099-DIV may show a different final mix. See the company's estimate.
Tax year: 2025.
Tax details and source
Total ordinary dividends (includes qualified)
62.78%
Section 199A portion (within ordinary dividends)
Not confirmed
Exempt-interest distributions
Not confirmed
Reporting form
Form 1099-DIV
Source date
Not stated
Qualified dividends are included in total ordinary dividends. Section 199A is a separate designation within ordinary dividends, not extra income or qualified dividend income.
Your account type, holding period and circumstances affect treatment. Use your broker’s tax statement for filing. Return of capital generally reduces cost basis; amounts beyond basis can be taxable. IRS dividend guidance.
