BlackRock Maryland Municipal Bond Trust (NYSE American: BZM) is a closed-end management investment company that offers investors access to a diversified portfolio of U.S. municipal securities. The trust is structured to provide a stable stream of tax‐exempt income by primarily investing in investment-grade bonds issued by state and local governments across the United States. Shares of the trust trade on the NYSE American exchange, offering liquidity and transparency through a regulated market.
The portfolio is composed predominantly of general obligation and revenue bonds that are exempt from federal income tax. In seeking to enhance income potential, the trust may also employ modest leverage through borrowing and use of a credit facility. Portfolio managers select individual securities based on credit quality, yield considerations and duration management, aiming to balance income generation with prudent risk controls. The trust declares monthly distributions to shareholders in keeping with its objective of providing current income.
Established in late 1989 and commencing operations in early 1990, BlackRock Maryland Municipal Bond Trust is sponsored and managed by BlackRock Advisors, LLC, a subsidiary of BlackRock, Inc., one of the world’s largest asset managers. The trust leverages BlackRock’s research capabilities and credit analysis platform to monitor issuers, sector trends and market conditions. Ongoing risk management and compliance oversight are provided by the firm’s dedicated municipal bond team.
The trust’s investments span a broad range of U.S. municipal issuers, including state governments, municipalities and public authorities. By focusing on investment-grade obligations and diversifying across sectors such as transportation, utilities, education and healthcare, the trust seeks to reduce issuer-specific risk. Governance is overseen by a board of trustees, a majority of whom are independent, with fiduciary responsibility for shareholders’ interests and adherence to regulatory standards.
AI Generated. May Contain Errors.
Free BZM Stock Alerts