BKN - BKN: A Good Closed-End Fund Way To Access Munis
2024-06-09 08:39:52 ET
Summary
- BlackRock Investment Quality Municipal Trust is a closed-end fund that offers exposure to tax-exempt municipal bonds.
- The fund has a well-diversified portfolio with strong credit quality and a focus on capital preservation.
- BKN may lag behind the iShares National Muni Bond ETF due to its higher fees and use of leverage, but it offers tax advantages for investors.
I don’t know about you, but I hate taxes. And if you’re in the minority of people who are like me in that regard, it’s worth considering municipal obligations which are exempt from federal income taxes. The problem? There’s a lot to choose from. So why not just get exposure through a closed-end fund? Well - you can with the BlackRock Investment Quality Municipal Trust ( BKN ), which has been trading since 1993. This is an income fund that specializes in tax-exempt income and capital preservation....
BKN: A Good Closed-End Fund Way To Access Munis