UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM N-Q
QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED
MANAGEMENT INVESTMENT COMPANY
Investment Company Act file number: 811-21036
BlackRock Municipal Bond Trust
(Exact name of registrant as specified in charter)
|
100 Bellevue Parkway, Wilmington, DE
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19809
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| (Address of principal executive offices) | (Zip code) |
| Robert S. Kapito, President |
| BlackRock Municipal Bond Trust |
|
40 East 52nd Street, New York, NY 10022
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| (Name and address of agent for service) |
Registrant’s telephone number, including area code: 888-825-2257
Date of fiscal year end: August 31, 2007
Date of reporting period: November 30, 2006
Item 1. Schedule of Investments.
The Registrant’s unaudited schedule of investments as of the close of the reporting period pursuant to Rule 30b1-5 under the Investment Company Act of 1940 is as follows:
| PORTFOLIO OF INVESTMENTS (unaudited) | ||||||||
| NOVEMBER 30, 2006 | ||||||||
| BlackRock Municipal Bond Trust (BBK) | ||||||||
| (Percentage of Net Assets) | ||||||||
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Provisions2 |
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| LONG-TERM INVESTMENTS—148.4% | ||||||||
| Alabama—6.0% | ||||||||
| Birmingham, Spl. Care Fac. Fin. Auth. RB, Ascension Hlth. Proj., | ||||||||
| AA | $ 815 | Ser. C-2, 5.00%, 11/15/36 | |
$ | 864,878 | |||
| AA | 815 | Ser. C-2, 5.00%, 11/15/39 | 11/16 @ 100 | 862,906 | ||||
| AAA | 470 | Birmingham Wtr. Wks. & Swr. Brd., Wtr. Util. Impvt. RB, Ser. A, 4.50%, 1/01/35, FSA | 01/16 @ 100 | 475,579 | ||||
| A2 | 7,500 | Huntsville Hlth. Care Auth., Hlth., Hosp. & Nursing Home RB, Ser. A, 5.75%, 6/01/31 | 06/11 @ 101 | 8,066,550 | ||||
| 10,269,913 | ||||||||
| Arizona—0.7% | ||||||||
| San. Luis Fac. Dev. Corp., Correction Fac. Impvts. Misc. RB, Regl. Detention Ctr. Proj., | ||||||||
| NR | 300 | 6.25%, 5/01/15 | 05/10 @ 107 | 302,361 | ||||
| NR | 300 | 7.00%, 5/01/20 | 05/10 @ 107 | 303,669 | ||||
| NR | 600 | 7.25%, 5/01/27 | 05/10 @ 107 | 614,388 | ||||
| 1,220,418 | ||||||||
| California—4.0% | ||||||||
| A+ | 1,800 | California GO, 5.00%, 6/01/34 | 12/14 @ 100 | 1,909,062 | ||||
| Cnty. Tobacco Sec. Agcy., Pub. Impvts. Tobacco Settlement Funded RB, | ||||||||
| BBB- | 850 | Ser. B, Zero Coupon, 6/01/46 | 06/16 @ 17.602 | 87,304 | ||||
| BB | 4,500 | Ser. C, Zero Coupon, 6/01/55 | 06/16 @ 8.9 | 213,435 | ||||
| NR | 5,750 | Stanislaus Cnty. Proj., Ser. D, Zero Coupon, 6/01/55 | 06/16 @ 6.219 | 190,555 | ||||
| AA- | 2,660 | Univ. of California, Coll. & Univ. RB, Ser. B, 4.75%, 5/15/38 | 05/13 @ 101 | 2,751,078 | ||||
| NR | 1,585 | Val Verde Unified Sch. Dist. ST, 6.25%, 10/01/28 | 10/13 @ 102 | 1,686,551 | ||||
| 6,837,985 | ||||||||
| Colorado—0.8% | ||||||||
| AAA | 635 | City of Colorado Springs, Mult. Util. Impvts. RB, Ser. C, 5.00%, 11/15/45, FSA | 11/15 @ 100 | 677,475 | ||||
| Baa2 | 635 | Park Creek Met. Dist., Ppty. Tax Misc. RB, 5.50%, 12/01/37 | 12/15 @ 101 | 678,098 | ||||
| 1,355,573 | ||||||||
| District of Columbia—11.0% | ||||||||
| AAA | 33,450 | Coll. & Univ. Impvts. RB, Georgetown Univ. Proj., Ser. A, Zero Coupon, 4/01/38, MBIA | 04/11 @ 20.243 | 5,645,022 | ||||
| AAA | 6,000 | Econ. Impvts. TA, Gallary Place Proj., 5.40%, 7/01/31, FSA | 07/12 @ 100 | 6,446,400 | ||||
| A | 595 | Misc. RB, Friendship Pub. Charter Sch. Proj., 5.25%, 6/01/33, ACA | 06/14 @ 100 | 626,244 | ||||
| BBB | 5,580 | Tobacco Settlement Fing. Corp., Tobacco Settlement Funded RB, 6.75%, 5/15/40 | 05/11 @ 101 | 6,139,562 | ||||
| 18,857,228 | ||||||||
| Florida—19.5% | ||||||||
| AAA | 1,845 | Cnty. of Orange, Sales Tax RB, 4.75%, 10/01/32, XLCA | 10/16 @ 100 | 1,918,892 | ||||
| BBB+ | 1,535 | Halifax Hosp. Med. Ctr., Hlth., Hosp. & Nursing Home RB, Ser. A, 5.00%, 6/01/38 | 06/16 @ 100 | 1,589,017 | ||||
| AAA | 770 | JEA, Wtr. Util. RB, Ser. A, 4.75%, 10/01/36, MBIA | 04/11 @ 100 | 789,042 | ||||
| BB+ | 6,200 | Martin Cnty. Indl. Dev. Auth., Ind. RB, Indiantown Cogeneration Proj., Ser. A, 7.875%, | ||||||
| 12/15/25, AMT | 01/07 @ 100 | 6,207,688 | ||||||
| BB+ | 2,810 | Miami Beach Hlth. Facs. Auth., Hlth., Hosp. & Nursing Home Impvts. RB, Mt. Sinai Med. | ||||||
| Ctr. Proj., 6.75%, 11/15/21 | 11/14 @ 100 | 3,259,516 | ||||||
| A+ | 10,000 | Orange Cnty. Hlth. Facs. Auth., Hlth., Hosp. & Nursing Home Impvts. RB, Adventist Hlth. | ||||||
| Sys. Proj., 5.625%, 11/15/32 | 11/12 @ 101 | 10,932,700 | ||||||
| AAA | 7,255 | Palm Beach Cnty. Hsg. Fin. Auth., Local Multi-Fam. RB, Indian Trace Assoc. Ltd. Proj., | ||||||
| Ser. A, 5.625%, 1/01/44, FSA, AMT | 01/12 @ 100 | 7,521,911 | ||||||
| NR | 990 | Stevens Plantation Cmnty. Dev. Dist., Pub. Impvts. SA, Ser. A, 7.10%, 5/01/35 | 05/14 @ 100 | 1,084,119 | ||||
| 33,302,885 | ||||||||
| Georgia—3.9% | ||||||||
| City of Atlanta, | ||||||||
| AAA | 1,250 | Port, Arpt. & Marina Impvts. RB, Ser. J, 5.00%, 1/01/34, FSA | 01/15 @ 100 | 1,326,725 | ||||
| AAA | 5,000 | Wtr. Util. Impvts. RB, 5.00%, 11/01/37, FSA | 11/14 @ 100 | 5,325,900 | ||||
| 6,652,625 | ||||||||
| Illinois—22.6% | ||||||||
| NR | 1,1503 | Centerpoint Intermodal Ctr. Prog. Trust TA, Ser. A, 8.00%, 6/15/23 | No Opt. Call | 1,191,411 | ||||
1
BlackRock Municipal Bond Trust (BBK) (continued)
(Percentage of Net Assets)
| Principal | ||||||||
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Provisions2 |
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| Illinois—(cont'd) | ||||||||
| City of Chicago, Ad Valorem Ppty. Tax GO, | ||||||||
| AAA | $ 4,2854 | 5.50%, 1/01/11, MBIA | N/A | $ |
4,637,184 | |||
| AAA | 1,540 | 5.50%, 1/01/38, MBIA | 01/11 @ 101 | 1,653,791 | ||||
| AAA | 554 | Ser. A, 5.50%, 1/01/11, MBIA | N/A | 59,520 | ||||
| BBB | 6,000 | Edl. Facs. Auth., Univ. & Coll. Impvts. RB, Edl. Advancement Fund, Inc. Proj., 6.25%, | ||||||
| 5/01/34 | 05/07 @ 100 | 6,062,460 | ||||||
| Fin. Auth., | ||||||||
| BB+ | 420 | Hlth., Hosp., & Nursing Homes RB, Evangelical Ret. Homes Proj., Ser. A, 5.625%, | ||||||
| 2/15/37 | 02/15 @ 100 | 434,032 | ||||||
| BBB | 1,065 | Univ. & Coll. Impvts. RB, Edl. Advancement Fd., Inc. Proj., Ser. B, 5.00%, 5/01/25 | 11/16 @ 100 | 1,108,921 | ||||
| BBB | 850 | Univ. & Coll. Impvts. RB, Edl. Advancement Fd., Inc. Proj., Ser. B, 5.00%, 5/01/30 | 11/16 @ 100 | 880,235 | ||||
| Baa2 | 525 | Univ. & Coll. Impvts. RB, MJH Ed. Asst. LLC Proj., Ser. A, 5.125%, 6/01/35 | 06/14 @ 100 | 544,173 | ||||
| Baa3 | 425 | Univ. & Coll. Impvts. RB, MJH Ed. Asst. LLC Proj., Ser. B, 5.375%, 6/01/35 | 06/14 @ 100 | 440,517 | ||||
| A | 6,000 | Hlth. Facs. Auth., Hlth., Hosp. & Nursing Home RB, Lake Forest Hosp. Proj., Ser. A, | ||||||
| 5.75%, 7/01/29 | 07/12 @ 100 | 6,495,780 | ||||||
| Met. Pier & Exposition Auth., Pub. Impvts. Sales Tax RB, Cap. Apprec. McCormick Proj., | ||||||||
| AAA | 10,000 | Ser. A, Zero Coupon, 6/15/35, MBIA | No Opt. Call | 2,936,200 | ||||
| AAA | 10,000 | Ser. A, Zero Coupon, 12/15/36, MBIA | No Opt. Call | 2,753,100 | ||||
| AAA | 10,000 | Ser. A, Zero Coupon, 12/15/37, MBIA | No Opt. Call | 2,629,400 | ||||
| AAA | 2,535 | Mun. Elec. Agcy., Elec., Pwr. & Lt. Impvts. RB, 4.50%, 2/01/35, FGIC | 02/16 @ 100 | 2,563,367 | ||||
| AAA | 23,065 | Vlg. of Bolingbrook, Pub. Impvts. Ad Valorem Ppty. Tax GO, Ser. B, Zero Coupon, | ||||||
| 1/01/36, FGIC | 01/12 @ 23.018 | 4,301,622 | ||||||
| 38,691,713 | ||||||||
| Indiana—2.3% | ||||||||
| Aa2 | 1,955 | Multi-Fam. Hsg. Pass-Thru Certs., Local Hsg. RB, Canterbury House Apts. Bloom Proj., | ||||||
| Ser. 1, 5.90%, 12/01/34, AMT | 12/11 @ 100 | 2,028,528 | ||||||
| AAA | 1,950 | Mun. Pwr. Agcy., Elec., Pwr. & Lt. RB, Ser. A, 4.50%, 1/01/32, AMBAC | 01/16 @ 100 | 1,974,609 | ||||
| 4,003,137 | ||||||||
| Kansas—3.1% | ||||||||
| A- | 5,000 | Wichita Arpt. Auth., Port, Arpt. & Marina Impvts. RB, The Cessna Aircraft Co. Proj., Ser. | ||||||
| A, 6.25%, 6/15/32, AMT | 06/12 @ 101 | 5,368,000 | ||||||
| Maryland—3.3% | ||||||||
| NR | 1,250 | City of Baltimore, Pub. Impvt. TA, Harborview Lot No. 2 Proj., 6.50%, 7/01/31 | 07/13 @ 101 | 1,373,400 | ||||
| NR | 3,000 | Frederick Cnty. Pub. Impvt. ST, Urbana Cmnty. Dev. Auth. Proj., Ser. B, 6.25%, 7/01/30 | 07/07 @ 102 | 3,091,530 | ||||
| BBB+ | 1,040 | Hlth. & Higher Edl. Facs. Auth., Hlth., Hosp. & Nursing Home RB, Medstar Hlth., Inc. | ||||||
| Proj., 5.50%, 8/15/33 | 08/14 @ 100 | 1,121,078 | ||||||
| 5,586,008 | ||||||||
| Massachusetts—0.9% | ||||||||
| AA | 1,450 | Wtr. Res. Auth., Wtr. RB, Ser. A, 5.00%, 8/01/41 | 08/16 @ 100 | 1,550,847 | ||||
| Michigan—0.7% | ||||||||
| A1 | 1,065 | Hosp. Fin. Auth., Hlth., Hosp. & Nursing Home RB, Hlth. Alliance Plan Proj., Ser. A, | ||||||
| 5.25%, 11/15/46 | 11/16 @ 100 | 1,140,711 | ||||||
| Multi-State—7.2% | ||||||||
| Baa1 | 10,5003 | Charter Mac Equity Issuer Trust, Ser. B-2, 7.20%, 10/31/52 | 10/14 @ 100 | 12,235,755 | ||||
| Nebraska—1.1% | ||||||||
| AA | 1,760 | Omaha Pub. Pwr. Dist., Elec., Pwr. & Lt. Impvts. RB, Ser. A, 4.75%, 2/01/44 | 02/14 @ 100 | 1,807,221 | ||||
| Nevada—2.9% | ||||||||
| A+ | 1,325 | Cnty. of Clark, Private Schs. RB, Alexander Dawson Sch. Rainbow Proj., 5.00%, 5/15/29 | 05/16 @ 100 | 1,399,597 | ||||
| NR | 1,395 | Las Vegas Spec. Dist. No. 809, Pub. Impvts. SA, Summerlin Area Proj., 5.65%, 6/01/23 | 06/07 @ 103 | 1,448,275 | ||||
| AAA | 2,000 | Truckee Meadows Wtr. Auth., Wtr. RB, 4.875%, 7/01/34, XLCA | 07/16 @ 100 | 2,091,100 | ||||
| 4,938,972 | ||||||||
| New Jersey—9.7% | ||||||||
| Econ. Dev. Auth., | ||||||||
| BBB | 1,500 | Econ. Impvts. Misc. RB, Cigarette Tax Proj., 5.50%, 6/15/31 | 06/14 @ 100 | 1,605,195 | ||||
| BBB- | 1,500 | Hlth., Hosp. & Nursing Home RB, Marcus L. Ward Home Proj., Ser. A, 5.80%, 11/01/31 | 11/14 @ 100 | 1,647,285 | ||||
| B | 3,000 | Port, Arpt. & Marina Impvts. RB, Continental Airlines, Inc. Proj., 7.20%, 11/15/30, AMT | 11/10 @ 101 | 3,220,440 | ||||
| Baa3 | 7,500 | SA, Kapkowski Rd. Landfill Proj., 6.50%, 4/01/28 | No Opt. Call | 9,243,075 |
2
BlackRock Municipal Bond Trust (BBK) (continued)
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Provisions2 |
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| New Jersey—(cont’d) | ||||||||
| NR | $ 915 | Middlesex Cnty. Impvt. Auth., Pub. Impvts. Hotel Occupancy Tax RB, Heldrich Assoc. | ||||||
| LLC Proj., Ser. B, 6.25%, 1/01/37 | |
$ |
950,429 | |||||
| 16,666,424 | ||||||||
| New York—13.7% | ||||||||
| NR | 455 | Albany Indl. Dev. Agcy., Sch. Impvts. Lease Appreciation RB, New Covenant Charter Sch. | ||||||
| Proj. Ser. A, 7.00%, 5/01/35 | 05/15 @ 102 | 455,296 | ||||||
| AAA | 1,330 | Env. Facs. Corp., Swr. Impvts. Misc. RB, New York City Mun. Wtr. Proj., Ser. B, 5.00%, | ||||||
| 6/15/31 | 06/12 @ 100 | 1,398,867 | ||||||
| AA- | 8,285 | Liberty Dev. Corp., Indl. Impvts. Misc. RB, Goldman Sachs Group, Inc. Proj., 5.25%, | ||||||
| 10/01/35 | No Opt. Call | 9,855,836 | ||||||
| AAA | 1,760 | Met. Transp. Auth., Misc. RB, Ser. A, 5.00%, 7/01/30, AMBAC | 07/12 @ 100 | 1,856,272 | ||||
| B | 8,100 | New York City Indl. Dev. Agcy., Port, Arpt. & Marina Impvts. RB, American Airlines, Inc. | ||||||
| Proj., 7.75%, 8/01/31, AMT | 08/16 @ 101 | 9,809,505 | ||||||
| 23,375,776 | ||||||||
| North Carolina—1.8% | ||||||||
| NR | 2,945 | Gaston Cnty. Indl. Facs. & Poll. Control Fin. Auth., Indl. Impvts. PCRB, 5.75%, 8/01/35, | ||||||
| AMT | 08/15 @ 100 | 3,170,292 | ||||||
| Ohio—2.6% | ||||||||
| AAA | 4,220 | Air Qual. Dev. Auth., Rec. Recovery RB, Dayton Pwr. & Lt. Co. Proj., 4.80%, 1/01/34, | ||||||
| FGIC | 07/15 @ 100 | 4,394,624 | ||||||
| Oklahoma—1.2% | ||||||||
| B | 1,725 | Tulsa Mun. Arpt. Trust Trustees, Port, Arpt. & Marina RB, AMR Corp. Proj., Ser. A, | ||||||
| 7.75%, 6/01/35, AMT | No Opt. Call | 1,996,291 | ||||||
| Oregon—0.3% | ||||||||
| Aa2 | 550 | Multi-Fam. Hsg. Pass-Thru Certs., Local Housing RB, Pacific Tower Apts. Proj., Ser. 6, | ||||||
| 6.05%, 11/01/34, AMT | 12/11 @ 100 | 568,991 | ||||||
| Pennsylvania—2.5% | ||||||||
| BB- | 3,870 | Econ. Dev. Fin. Auth., Elec., Pwr. & Lt. RB, Reliant Energy, Inc. Proj., Ser. A, 6.75%, | ||||||
| 12/01/36, AMT | 06/11 @ 103 | 4,203,517 | ||||||
| Puerto Rico—1.6% | ||||||||
| BBB | 2,650 | Comnwlth., Ad Valorem Ppty. Tax GO, Ser. B, 5.00%, 7/01/35 | 07/16 @ 100 | 2,811,491 | ||||
| South Carolina—0.7% | ||||||||
| Jobs Econ. Dev. Auth., Hlth., Hosp. & Nursing Home RB, Palmetto Hlth. Proj., | ||||||||
| BBB+ | 8904 | Ser. C, 7.00%, 8/01/13 | N/A | 1,063,283 | ||||
| BBB+ | 1104 | Ser. C, 7.00%, 8/01/13 | N/A | 130,701 | ||||
| 1,193,984 | ||||||||
| Texas—16.8% | ||||||||
| AAA | 940 | Dallas Area Rapid Trans., Sales Tax RB, 5.00%, 12/01/31, AMBAC | 12/11 @ 100 | 980,937 | ||||
| AAA | 11,690 | Harris Cnty. Houston Sports Auth., Hotel Occupancy Tax RB, Ser. G, Zero Coupon, | ||||||
| 11/15/41, MBIA | 11/31 @ 53.779 | 2,021,084 | ||||||
| AAA | 605 | Lower Colorado River Auth., Misc. RB, Ser. A, 5.00%, 5/15/31, MBIA | 05/13 @ 100 | 638,069 | ||||
| AAA | 430 | Montgomery Cnty. Mun. Util. Dist. No. 46, Hwy. Impvts. Tolls, Pub. Impvts. Ad Valorem | ||||||
| Ppty. Tax GO, 4.75%, 3/01/30, MBIA | 03/14 @ 100 | 443,274 | ||||||
| Aa2 | 2,805 | Multi-Fam. Hsg. Pass-Thru Certs., Local Hsg. RB, Copperwood Ranch Apts. Proj., Ser. 9, | ||||||
| 5.95%, 11/01/35, AMT | 12/11 @ 100 | 2,921,548 | ||||||
| Tpke. Auth., Hwy. Impvts. Tolls RB, | ||||||||
| AAA | 60,000 | Zero Coupon, 8/15/35, AMBAC | 08/12 @ 25.665 | 12,045,600 | ||||
| AAA | 2,115 | Ser. A, 5.00%, 8/15/42, AMBAC | 08/12 @ 100 | 2,225,170 | ||||
| BBB+ | 6,840 | Tyler Hlth. Facs. Dev. Corp., Hlth., Hosp. & Nursing Home RB, Mother Frances Regl. | ||||||
| Hosp. Proj., 6.00%, 7/01/31 | 07/12 @ 100 | 7,376,530 | ||||||
| 28,652,212 | ||||||||
| Washington—1.9% | ||||||||
| AAA | 905 | Cnty. of King, Swr. RB, 5.00%, 1/01/36, FSA | 01/16 @ 100 | 970,495 | ||||
| AAA | 2,220 | Hlth. Care Facs. Auth., Hlth., Hosp. & Nursing Home RB, Providence Hlth. Sys. Proj., Ser. | ||||||
| A, 4.625%, 10/01/34, FGIC | 10/16 @ 100 | 2,261,714 | ||||||
| 3,232,209 | ||||||||
3
| BlackRock Municipal Bond Trust (BBK) (continued) | ||||||||
| (Percentage of Net Assets) | ||||||||
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Provisions2 |
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| West Virginia—0.3% | ||||||||
| AAA | $ 520 | Econ. Dev. Auth., Correctional Fac. Impvts Lease RB, Ser. A, 5.00%, 6/01/29, MBIA | 06/14 @ 100 | $ | 552,724 | |||
| Wisconsin—5.3% | ||||||||
| Hlth. & Edl. Facs. Auth., Hlth., Hosp. & Nursing Home Impvts. RB, | ||||||||
| A- | 1,350 |
Aurora Hlth. Care, Inc. Proj., 6.40%, 4/15/33
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04/13 @ 100 | 1,521,274 | ||||
| A- | 7,000 |
Wheaton Franciscan Svcs. Proj., 5.75%, 8/15/30
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02/12 @ 101 | 7,545,090 | ||||
| 9,066,364 | ||||||||
| Total Long-Term Investments (cost $229,244,382) | 253,703,890 | |||||||
| SHORT-TERM INVESTMENTS—3.3% | ||||||||
| Nebraska—1.8% | ||||||||
| A-1+ | 2,9495 | American Pub. Energy Agcy., Nat. Gas Util. Impvts. RB, Ser. A, 3.49%, 12/07/06, FRWD | N/A | 2,949,000 | ||||
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| Money Market Fund—1.5% | ||||||||
| NR | 2,550 | AIM Tax Free Cash Reserve Portfolio - Institutional Class (cost $2,550,000) | N/A | 2,550,000 | ||||
| Total Short-Term Investments (cost $5,499,000) | $ | 5,499,000 | ||||||
| Total Investments —151.7% (cost $234,743,3826) | $ | 259,202,890 | ||||||
| Other assets in excess of liabilities —1.3% | 2,288,095 | |||||||
| Preferred shares at redemption value, including dividends payable —(53.0)% |
(90,536,353)
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| Net Assets Applicable to Common Shareholders—100% | $ | 170,954,632 | ||||||
| 1 | Using the highest of Standard & Poor's, Moody's Investors Service or Fitch's Ratings. |
| 2 | Date (month/year) and price of the earliest optional call or redemption. There may be other call provisions at varying prices at later dates. |
| 3 | Security is not registered under the Securities Act of 1933. These securities may be resold in transactions in accordance with Rule 144A under that Act, to qualified institutional buyers. As of November 30, 2006, the Trust held 7.9% of its net assets, with a current market value of $13,427,166, in securities restricted as to resale. |
| 4 | This bond is prerefunded. U.S. government securities, held in escrow, are used to pay interest on this security, as well as retire the bond in full at the date indicated, typically at a premium to par. |
| 5 | For purposes of amortized cost valuation, the maturity date of this instrument is considered to be the earlier of the next date on which the security can be redeemed at par, or the next date on which the rate of interest is adjusted. Rate shown is rate as of November 30, 2006. |
| 6 | Cost for federal income tax purposes is $234,745,603. The net unrealized appreciation on a tax basis is $24,457,287, consisting of $24,524,271 gross unrealized appreciation and $66,984 gross unrealized depreciation. |
KEY TO ABBREVIATIONS
| ACA |
—
|
American Capital Access | MBIA | — |
Municipal Bond Insurance Assoc. |
| AMBAC |
—
|
American Municipal Bond Assurance Corp. | PCRB | — |
Pollution Control Revenue Bond |
| AMT |
—
|
Subject to Alternative Minimum Tax | RB | — |
Revenue Bond |
| FGIC |
—
|
Financial Guaranty Insurance Co. | SA | — |
Special Assessment |
| FRWD |
—
|
Floating Rate Weekly Demand | ST | — |
Special Tax |
| FSA |
—
|
Financial Security Assurance | TA | — |
Tax Allocation |
| GO |
—
|
General Obligation | XLCA | — |
XL Capital Assurance |
4
Item 2. Controls and Procedures.
(a) The Registrant’s principal executive and principal financial officers have evaluated the Registrant’s disclosure controls and procedures within 90 days of this filing and have concluded, as of that date, that the Registrant’s disclosure controls and procedures were reasonably designed to ensure that information required to be disclosed by the Registrant in this Form N-Q was recorded, processed, summarized, and reported within the required time periods and that information to be disclosed by the Registrant in this Form N-Q was accumulated and communicated to the Registrant’s management, including its principal executive and principal financial officers, as appropriate, to allow timely decisions regarding required disclosure.
(b) There were no changes in the Registrant’s internal control over financial reporting (as defined in Rule 30a-3(d) under the 1940 Act (17 CFR 270.30a -3(d)) that occurred during the Registrant’s last fiscal quarter that have materially affected, or are reasonably likely to materially affect, the Registrant’s internal control over financial reporting.
Item 3. Exhibits.
Separate certifications of the Registrant’s Principal Executive and Financial Officers pursuant to Section 302 of the Sarbanes-Oxley Act of 2002 are attached as EX-99.CERT.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the Registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
| (Registrant) BlackRock Municipal Bond Trust | |
| By: | /s/ Donald C. Burke |
| Name: Donald C. Burke | |
| Title: Treasurer and Principal Financial Officer | |
| Date: January 25, 2007 | |
Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the Registrant and in the capacities and on the dates indicated.
| By: | /s/ Robert S. Kapito |
| Name: Robert S. Kapito | |
| Title: President and Principal Executive Officer | |
| Date: January 25, 2007 | |
| By: | /s/ Donald C. Burke |
| Name: Donald C. Burke | |
| Title: Treasurer and Principal Financial Officer | |
| Date: January 25, 2007 | |