Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust

Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust is a diversified and closed-end investment fund, which engages in the investment activities for long-term capital appreciation. The company was founded on October 26, 2010 and is headquartered in Chicago, IL.

Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust is a diversified and closed-end management investment company, which engages in the investment activities for long-term capital appreciation. The company was founded on June 30, 2010 and is headquartered in Chicago, IL.

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NEW YORK, Jan. 02, 2025 (GLOBE NEWSWIRE) -- Guggenheim Investments today announced that certain closed-end funds have declared their distributions. The table below summarizes the distribution schedule for each closed-end fund (collectively, the “Funds” and each, a “Fund”).

Guggenheim Investments Announces January 2025 Closed-End Fund Distributions

I evaluate Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust for its potential to provide current income and long-term capital appreciation. GBAB offers diversified exposure to taxable municipal bonds, bank loans, and high-yield credit securities. Initially cautious about GBAB in early 2024 due to high pricing and an expected hawkish Fed, which proved accurate. I now see a stronger investment case for it in 2025.

GBAB: I Have A Brighter Take On This Diversified Fund In 2025 (Rating Upgrade)

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For income investors, closed-end funds remain an attractive investment class that covers various asset classes and promises high distributions and reasonable total returns. Closed-end funds, or CEFs, are generally characterized by higher volatility and deeper drawdowns than the broader market. For these reasons, they are not suited for everyone. In this monthly series, we highlight five CEFs with solid track records that pay high distributions and offer "excess" discounts. We try to separate the wheat from the chaff using our filtering process to select just five CEFs every month from around 500 closed-end funds.

5 Best CEFs This Month For 9% Yield (December 2024)

GBAB's recent price pullback offers a good opportunity to lock in a high yield of 9.6%, supported by rate-cut tailwinds and leverage benefits. The mix of municipal and investment-grade corporate bonds in the Fund's portfolio is promising, especially with historically strong performance. It offers a good bond alternative for diversification and portfolio reallocation. Despite a high expense ratio of 1.20%, GBAB maintains a consistent NAV premium, indicating market strength, but inflation remains a risk for leveraged funds.

GBAB: High Yield Income And Diversification With Interesting Bond Mix

NEW YORK, Dec. 02, 2024 (GLOBE NEWSWIRE) -- Guggenheim Investments today announced that certain closed-end funds have declared their distributions. The table below summarizes the distribution schedule for each closed-end fund (collectively, the “Funds” and each, a “Fund”).

Guggenheim Investments Announces December 2024 Closed-End Fund Distributions

NEW YORK, Nov. 01, 2024 (GLOBE NEWSWIRE) -- Guggenheim Investments today announced that certain closed-end funds have declared their distributions. The table below summarizes the distribution schedule for each closed-end fund (collectively, the “Funds” and each, a “Fund”).

Guggenheim Investments Announces November 2024 Closed-End Fund Distributions

NEW YORK, Oct. 01, 2024 (GLOBE NEWSWIRE) -- Guggenheim Investments today announced that certain closed-end funds have declared their distributions*. The table below summarizes the distribution schedule for each closed-end fund (collectively, the “Funds” and each, a “Fund”).

Guggenheim Investments Announces October 2024 Closed-End Fund Distributions

NEW YORK, Sept. 03, 2024 (GLOBE NEWSWIRE) -- Guggenheim Investments today announced that certain closed-end funds have declared their distributions. The table below summarizes the distribution schedule for each closed-end fund (collectively, the “Funds” and each, a “Fund”).

Guggenheim Investments Announces September 2024 Closed-End Fund Distributions

NEW YORK, Aug. 01, 2024 (GLOBE NEWSWIRE) -- Guggenheim Investments today announced that certain closed-end funds have declared their distributions. The table below summarizes the distribution schedule for each closed-end fund (collectively, the “Funds” and each, a “Fund”).

Guggenheim Investments Announces August 2024 Closed-End Fund Distributions

NEW YORK, July 01, 2024 (GLOBE NEWSWIRE) -- Guggenheim Investments today announced that certain closed-end funds have declared their distributions. The table below summarizes the distribution schedule for each closed-end fund (collectively, the “Funds” and each, a “Fund”).

Guggenheim Investments Announces July 2024 Closed-End Fund Distributions

NEW YORK, June 03, 2024 (GLOBE NEWSWIRE) -- Guggenheim Investments today announced that certain closed-end funds have declared their distributions. The table below summarizes the distribution schedule for each closed-end fund (collectively, the “Funds” and each, a “Fund”).

Guggenheim Investments Announces June 2024 Closed-End Fund Distributions

NEW YORK, May 01, 2024 (GLOBE NEWSWIRE) -- Guggenheim Investments today announced that certain closed-end funds have declared their distributions. The table below summarizes the distribution schedule for each closed-end fund (collectively, the “Funds” and each, a “Fund”).

Guggenheim Investments Announces May 2024 Closed-End Fund Distributions

GBAB is a diversified fund that primarily invests in taxable municipal bonds, bank loans, and high-yield credit securities. I previously gave GBAB a "hold" rating due to headwinds and better investment opportunities and that is an argument that holds up to this day. I see the premium to NAV and tight corporate bond spreads as reasons to stay cautious on new positions here.

GBAB: Caution Is The Name Of The Game

NEW YORK, April 01, 2024 (GLOBE NEWSWIRE) -- Guggenheim Investments today announced that certain closed-end funds have declared their distributions. The table below summarizes the distribution schedule for each closed-end fund (collectively, the “Funds” and each, a “Fund”).

Guggenheim Investments Announces April 2024 Closed-End Fund Distributions

NEW YORK, March 01, 2024 (GLOBE NEWSWIRE) -- Guggenheim Investments today announced that certain closed-end funds have declared their distributions. The table below summarizes the distribution schedule for each closed-end fund (collectively, the “Funds” and each, a “Fund”).

Guggenheim Investments Announces March 2024 Closed-End Fund Distributions

NEW YORK, Feb. 01, 2024 (GLOBE NEWSWIRE) -- Guggenheim Investments today announced that certain closed-end funds have declared their distributions. The table below summarizes the distribution schedule for each closed-end fund (collectively, the “Funds” and each, a “Fund”).

Guggenheim Investments Announces February 2024 Closed-End Fund Distributions

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NEW YORK, Jan. 02, 2024 (GLOBE NEWSWIRE) -- Guggenheim Investments today announced that certain closed-end funds have declared their distributions. The table below summarizes the distribution schedule for each closed-end fund (collectively, the “Funds” and each, a “Fund”).

Guggenheim Investments Announces January 2024 Closed-End Fund Distributions

Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust offers exposure to taxable municipal bonds and has a primary objective of providing current income. GBAB has seen strong performance in the short term, but there are concerns about its ability to sustain this performance. I recommend looking for better value elsewhere and am downgrading my outlook to "hold" for this CEF.

GBAB: A Few Reasons I Wouldn't Get Too Aggressive Here

NEW YORK, Dec. 01, 2023 (GLOBE NEWSWIRE) -- Guggenheim Investments today announced that certain closed-end funds have declared their distributions. The table below summarizes the distribution schedule for each closed-end fund (collectively, the “Funds” and each, a “Fund”).

Guggenheim Investments Announces December 2023 Closed-End Fund Distributions

NEW YORK, Nov. 01, 2023 (GLOBE NEWSWIRE) -- Guggenheim Investments today announced that certain closed-end funds have declared their distributions. The table below summarizes the distribution schedule for each closed-end fund (collectively, the “Funds” and each, a “Fund”).

Guggenheim Investments Announces November 2023 Closed-End Fund Distributions

NEW YORK, Oct. 02, 2023 (GLOBE NEWSWIRE) -- Guggenheim Investments today announced that certain closed-end funds have declared their distributions. The table below summarizes the distribution schedule for each closed-end fund (collectively, the “Funds” and each, a “Fund”).

Guggenheim Investments Announces October 2023 Closed-End Fund Distributions

NEW YORK, Sept. 01, 2023 (GLOBE NEWSWIRE) -- Guggenheim Investments today announced that certain closed-end funds have declared their distributions. The table below summarizes the distribution schedule for each closed-end fund (collectively, the “Funds” and each, a “Fund”).

Guggenheim Investments Announces September 2023 Closed-End Fund Distributions

Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust offers exposure to taxable municipal bonds and other IG and high yield credit products. GBAB has struggled and experienced negative returns over the past six months, but I believe the next six months will offer gains. The fund's excessive premium no longer exists, although the extensive use of leverage and the potential for an income cut need to be weighed carefully.

GBAB: Raising Outlook As Bonds Have Merit Going Forward (Rating Upgrade)

The Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust is a high-duration municipal bond fund that suffered heavy losses in 2022 as interest rates rose. Long-term interest rates are still rising, which may continue to negatively impact GBAB's net asset value in the short-to-medium term. The fund's distribution yield of 9.8% of NAV may not be sustainable, as the portfolio only yields 5.9%, potentially leading to a distribution shortfall.

News for Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust ETF (GBAB)