BlackRock Virginia Municipal Bond Trust
BHV
New York Stock Exchange- -
USD
- -
- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.- CEO
- Charles Choon Sik Park
- Sector
- Financial Services
- Industry
- Asset Management - Bonds
- Address
- 55 East 52nd Street New York City NY United States of America 10055
- IPO Date
- Apr 26, 2002
- CIK
- 0001169034
- Website
- blackrock.com
- Similar Companies
- Business
- BlackRock Virginia Municipal Bond Trust (NYSE: BHV) is a closed-end management investment company that seeks to provide current income exempt from regular federal income tax and Virginia personal income taxes. The Trust invests, under normal market conditions, at least 80% of its managed assets in investment grade municipal bonds exempt from U.S. federal income taxes (except that interest may be subject to the federal alternative minimum tax) and Virginia personal income taxes; it may invest directly in such securities or synthetically through derivatives. Its portfolio primarily comprises Virginia-related municipal obligations, including bonds issued by Hampton Roads Transportation Accountability Authority, Virginia College Building Authority, Virginia Commonwealth University Health System Authority, Virginia State Housing Development Authority, and various county economic development and service authorities, with top holdings featuring maturities extending to 2065. Launched on March 14, 2002, and based in Wilmington, Delaware, the Trust operates within the fixed income segment of the municipal bond market, targeting income-seeking investors such as Virginia residents eligible for state tax exemptions. Managed by BlackRock Advisors, LLC, a subsidiary of BlackRock, Inc., it maintains a gross expense ratio of 4.76%, including a 1.05% management fee, 2.78% interest expense, and other expenses, with approximately 47 holdings as of the latest reporting. In December 2025, shareholders rejected a proposed reorganization that would have merged BHV with BlackRock MuniYield Quality Fund (MQY), along with a related plan involving BlackRock MuniYield Pennsylvania Quality Fund (MPA); as a result, BHV continues to operate independently without restructuring. The Trust periodically announces monthly distributions, with recent payouts reflecting a combination of net income, gains, and return of capital to support its income objective. No other major acquisitions, partnerships, new product launches, or strategic expansions have been reported in the past 1-2 years.