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GBAB

Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust

https://www.guggenheiminvestments.com/cef/fund/gbab

Industry

Asset Management - Bonds

Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust is a closed ended fixed income mutual fund launched by Guggenheim Partners, LLC. The fund is co-managed by Guggenheim Funds Investment Advisors, LLC and Guggenheim Partners Investment Management, LLC. It invests in fixed income markets of the United States. The fund primarily invests in a diversified portfolio of taxable municipal securities known as Build America Bonds. It was formerly known as Guggenheim Taxable Municipal Managed Duration Trust. Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust was formed on October 26, 2010 and is domiciled in United States.

Open

15.08

Mkt cap

327M

Volume

223K

High

15.18

P/E Ratio

16.19

52-wk high

18.52

Low

14.95

Div yield

0.10

52-wk low

14.85

GBAB offers a high yield of 9.6% with a mix of municipal and investment-grade corporate bonds. Despite a high expense ratio, it maintains a consistent NAV premium, indicating market strength. Inflation remains a risk for leveraged funds.

Portfolio Pulse from

December 10, 2024 | 6:45 am

Guggenheim Taxable (NYSE:GBAB) announced a monthly dividend of 12.57 cents per share, with Wednesday being the last day for investors to be eligible for the next payout. GBAB will go ex-dividend on Thursday, which will likely result in the stock opening 12.57 cents lower. The dividend is scheduled to be paid on January 31, 2024, to shareholders who own the stock by the end of Wednesday's session.

Portfolio Pulse from Benzinga Insights

January 08, 2024 | 2:45 pm

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