Company overview
Understand the business
BlackRock Taxable Municipal Bond Trust (BBN) is a U.S.-domiciled closed-end investment fund. BBN invests primarily in taxable municipal bonds, including securities used to finance public infrastructure. Unlike tax-exempt municipal funds, its municipal focus does not mean its regular income is federally tax-exempt.
Primary earnings measures
Reported fund net investment income per common share, with its exact reporting period, is the core income measure shown here. Realized gains, unrealized changes and distributions are separate measures.
How the company supports its distribution
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.