BlackRock Taxable Municipal Bond Trust Increases Monthly Distribution Amount and Adopts Managed Distribution Plan

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Sep 27, 2021

The Board of Trustees (the "Board") of BlackRock Taxable Municipal Bond Trust (NYSE: BBN, the “Trust”) approved a Managed Distribution Plan (the "Plan") for the Trust. Pursuant to the Plan, the Trust will pay a monthly distribution to shareholders at a stated annual rate as a percentage of the 3-month average net asset value (“NAV”) as of August 31, 2021 as set out in the table below. Payment of monthly distributions under the Trust’s Plan will commence in October 2021. Relevant dates for the first distribution under the Trust’s Plan will be announced after the close of business on October 1, 2021. The Board has also approved a change in the Fund’s fiscal year end from July 31 to December 31, to be effective December 31, 2021.