BlackRock Taxable Municipal Bond Trust (BBN) Form 424B5 — May 29, 2026
BlackRock Taxable Municipal Bond Trust (BBN) filed a prospectus supplement to offer up to 21,000,000 common shares of beneficial interest. The shares will be sold through BlackRock Investments, LLC as distributor and UBS Securities LLC as sub-placement agent, in negotiated or at-the-market transactions. The offering is priced at the last reported market price of $15.59 per share, which represents a 6.76% discount to the net asset value of $16.72. If all shares are sold, the Trust expects to receive approximately $323.9 million in net proceeds after deducting a 1.00% sales load and offering expenses.
Key figures
- Net Assets
- 1067702351
- Nav Per Share
- 16.72
- Net Proceeds
- 323934179
- Offering Price
- 15.59
- Shares Offered
- 21000000
- Shares Outstanding
- 61792514
- Sales Load
- 1.00%
- Discount To Nav
- -6.76%
- Leverage Ratio
- 35%
- Management Fee
- 0.55%
- Total Annual Expenses
- 3.11%
Price after filing
Close on the filing date to close N calendar days later (from $15.98). Historical, not a forecast.
AI analysis
The rest of the AI analysis, red flags and sentiment are part of Signal8 Pro.
AI-generated analysis of a public disclosure. Not investment advice; verify against the original document.