BlackRock Virginia Municipal Bond Trust to Redeem 57% of Series W-7 Preferred Shares
BHV is trading near its 52-week low of $9.96 (9.2% above the low) on light trading volume (0.3× avg).
Summary
BlackRock Virginia Municipal Bond Trust announced its intent to redeem up to 57% of its Series W-7 Variable Rate Demand Preferred Shares, representing a significant reduction in preferred share liabilities.
Key Events · Financing and Capital Events · BHV
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Preferred Share Redemption Announced
The company filed an N-23C-2 to notify of its intent to redeem up to 66 shares of its Series W-7 Variable Rate Demand Preferred Shares (VRDP Shares).
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Significant Capital Event
The redemption represents a total value of $6.6 million, significantly impacting the fund's capital structure by reducing preferred share liabilities.
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Scheduled Redemption Period
The redemption may occur on one or more occasions between April 1, 2026, and October 1, 2026, with holders receiving $100,000 per share plus accumulated dividends.
Analysis · BHV · Unknown
This N-23C-2 filing indicates BlackRock Virginia Municipal Bond Trust's plan to redeem a substantial portion of its Series W-7 Variable Rate Demand Preferred Shares (VRDP Shares). The redemption of up to 66 shares, each with a liquidation preference of $100,000, totals $6.6 million. This action is generally positive for common shareholders as it reduces the fund's preferred share obligations and associated dividend payments, potentially improving the capital structure and financial flexibility. The redemption period is set between April 1, 2026, and October 1, 2026.
How filings like this one have moved
In the 30 days to Sep 14, 2026, 35.8% of the 1045 measured filings Wiseek scored 8 moved their stock by 5% or more by the next session's close. The median move was -0.43%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, BHV was trading at $10.88 on NYSE in the Unknown sector, with a market capitalization of approximately $17.2M. The 52-week trading range was $9.96 to $11.66. This filing was assessed with positive market sentiment and an importance score of 8 out of 10.