The BlackRock Virginia Municipal Bond Trust (NYSE American: BHV) is a closed-end management investment company that primarily seeks to provide investors with current income that is exempt from federal and Virginia personal income taxes. Launched in the mid-1980s, BHV offers access to a diversified portfolio of municipal securities through a structure listed on the NYSE American exchange. The fund is managed by BlackRock Fund Advisors, leveraging the broader resources and credit research capabilities of BlackRock’s global asset management platform.
BHV’s principal business activity is the acquisition and management of tax-exempt municipal bonds issued by or on behalf of political subdivisions, authorities and agencies located within the Commonwealth of Virginia. The portfolio typically includes a mix of general obligation and revenue bonds, covering sectors such as transportation, education, health care and public utilities. By focusing on bonds backed by Virginia issuers, BHV aims to capture credit opportunities specific to the state’s economic environment.
Investors in the Virginia Municipal Bond Trust benefit from professional management of interest rate and credit risk, as well as active portfolio positioning across short-, intermediate- and long-term maturities. The fund’s monthly distribution schedule is designed to deliver predictable cash flow, while ongoing analysis by BlackRock’s municipal bond specialists seeks to optimize yield within the framework of the trust’s tax-exempt objective. Although income is targeted for Virginia residents, the fund is open to all investors seeking state-level tax efficiency.
Since its inception, BHV has been overseen by a governance structure that includes independent directors, and its portfolio strategies are executed by a dedicated Municipal Income team within BlackRock. This team combines extensive credit-sector experience with in-depth knowledge of Virginia’s fiscal landscape. BHV leverages BlackRock’s risk-management systems and research platform, positioning the trust to adapt to changing market conditions while maintaining its focus on tax-advantaged income for shareholders.
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