BLACKROCK VIRGINIA MUNICIPAL BOND TRUST

# BlackRock Virginia Municipal Bond Trust

Launched in April 2002, this closed-end fund is managed by BlackRock Advisors, LLC, a subsidiary of BlackRock, Inc., one of the largest asset management firms globally. The fund operates as a fixed income vehicle focused on municipal bonds, a debt instrument issued by states, municipalities, and other local government entities in the United States.

The fund's investment strategy centers on investment-grade municipal bonds that offer dual tax exemption—specifically exempting investors from both federal income taxes and Virginia personal income taxes. This tax-advantaged positioning targets investors in Virginia seeking tax-efficient fixed income exposure. The fund invests exclusively in the U.S. fixed income markets and maintains a portfolio structure consistent with other municipal bond mutual funds in the closed-end fund category.

As a closed-end fund rather than a traditional operating company, BlackRock Virginia Municipal Bond Trust does not generate revenue through traditional business operations or maintain a conventional employee base. Instead, it functions as an investment vehicle that generates returns through bond interest income and capital appreciation, with management fees paid to BlackRock Advisors. The fund is domiciled in the United States and listed on the NYSE.