The BlackRock Municipal Income Investment Trust - A 5.36% Tax-Free Yield For (Very) Aggressive Investors [Seeking Alpha]
BLACKROCK MUNI INCOME INVEST (BBF)
US:NYSE Investor Relations:
blackrock.com/investing/products/240212/blackrock-insured-municipal-income-investment-trust-usd-fund
Company Research
Source: Seeking Alpha
Summary Fund Overview - The BlackRock Municipal Income Investment Trust ( BBF ) (Source: Fund Factsheet) The BlackRock Municipal Income Investment Trust seeks to deliver high federally tax-free income. Compared to another BlackRock muni product ( MUB ), BBF only has a slightly longer duration and has a very similar credit quality breakdown. Notwithstanding the short duration of the underlying holdings, BBF is heavily leveraged and can result in very volatile price performance. As such, we will examine this fund's distribution to determine whether it can offer a sustainable yield and an acceptable total return for investors. Gambling For Income Let me ask you - would you take out a loan to invest in a portfolio of bonds to fund your retirement? (Source: Original Image - Data from Yahoo Finance) As mentioned, this fund does employ heavy use of leverage. Accordingly, it should not be surprising that the historical distributions have been so
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