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The Board of Trustees for BlackRock Taxable Municipal Bond Trust (NYSE: BBN) approved a Managed Distribution Plan to pay monthly distributions to shareholders. Starting in October 2021, shareholders will receive $0.1229 monthly, equating to an annual distribution rate of 5.75% based on the three-month average net asset value as of August 31, 2021. The Trust will maintain this rate even if income is insufficient by distributing capital gains or returning capital, which could impact the net asset value per share.
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