Guggenheim Taxable Muni Trust: Trustee McDonnell Resigns, Effective May 28

TL;DR

**Guggenheim Taxable Muni Trust just lost an independent trustee, Brian McDonnell, effective May 28.**

AI Summary

Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust filed an 8-K to announce the resignation of Mr. Brian E. McDonnell from the Board of Trustees, effective May 28, 2024. This matters to shareholders because Mr. McDonnell was an independent trustee, and his departure could impact board oversight and governance, potentially affecting investor confidence in the fund's management and strategic direction.

Why It Matters

The resignation of an independent trustee can alter the board's composition and potentially influence future governance decisions, which is crucial for investor confidence in a closed-end fund.

Risk Assessment

Risk Level: low — The resignation of one independent trustee is generally a minor governance event for a large trust unless specific reasons for departure indicate deeper issues.

Analyst Insight

A smart investor would monitor future 8-K filings for the appointment of a new independent trustee to ensure continued strong governance and board independence.

Key Players & Entities

• Brian E. McDonnell (person) — resigning independent trustee
• Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust (company) — the filing entity
• May 28, 2024 (date) — effective date of resignation

FAQ

Key Financial Figures

• $0.01 — Common Shares of Beneficial Interest, $0.01 par value GBAB New York Stock Excha

Filing Documents

• gbab89492-8k.htm (8-K) — 40KB
• ex9911.htm (EX-99) — 276KB
• ex9912.htm (EX-99) — 223KB
• ex9913.htm (EX-99) — 41KB
• image_001.jpg (GRAPHIC) — 5KB
• 0001821268-25-000267.txt ( ) — 749KB
• gbab-20251215.xsd (EX-101.SCH) — 3KB
• gbab-20251215_lab.xml (EX-101.LAB) — 33KB
• gbab-20251215_pre.xml (EX-101.PRE) — 22KB
• gbab89492-8k_htm.xml (XML) — 4KB

01. Entry into a Material Definitive Agreement

Item 1.01. Entry into a Material Definitive Agreement. Entry into Fund Administration and Accounting Agreement with BNY On December 15, 2025, Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust (NYSE: GBAB) (the "Trust") entered into a Fund Administration and Accounting Agreement (the "FAA Agreement") with The Bank of New York Mellon ("BNY"). Pursuant to the FAA Agreement, BNY performs administrative functions and bookkeeping, accounting and pricing functions for the Trust. For these services, BNY receives a fee, accrued daily and paid monthly, based on average daily net assets of the Trust, subject to a minimum fee per year. The Trust also reimburses BNY for certain out-of-pocket expenses. The foregoing description of the FAA Agreement does not purport to be complete and is qualified in its entirety by reference to the full text of the FAA Agreement, which is filed with this report as Exhibit 1.1 and incorporated herein by reference. Entry into Custody Agreement with BNY On December 15, 2025, the Trust entered into a Custody Agreement (the "Custody Agreement") and Foreign Custody Manager Agreement ("Foreign Custody Agreement") with BNY amending and replacing the prior agreements with BNY dated July 26, 2007. Pursuant to the Custody Agreement, BNY serves as the Trust's custodian and holds securities and cash on behalf of the Trust in accordance with the Investment Company Act of 1940, as amended (the "1940 Act"). Pursuant to the Foreign Custody Agreement, BNY provides services as foreign custody manager for the Trust in connection with its services under the Custody Agreement. For its services, BNY receives a monthly fee based upon, among other things, the average daily net assets of the Trust, plus certain charges for securities transactions. The foregoing description of the Custody Agreement and Foreign Custody Agreement does not purport to be complete and is qualified in its entirety by reference to the full text of the Custody Agreement a

02. Termination of a Material Definitive Agreement

Item 1.02. Termination of a Material Definitive Agreement. Termination of Fund Administration and Accounting Agreement with MUFG On December 15, 2025, in conjunction with entering into the FAA Agreement, the Trust terminated its existing administration and accounting agreement with MUFG Investor Services (US) LLC ("MUFG") (the "Prior FAA Agreement"), subject to the provision of certain ongoing transition services. Other than ordinary course payments under the Prior FAA Agreement through the effective date of termination, no termination or other fees are payable by the Trust in connection with the termination of the Prior FAA Agreement. Termination of Prior Custody Agreement and Foreign Custody Agreement with BNY On December 15, 2025, in conjunction with entering into the Custody Agreement and Foreign Custody Agreement, the Trust terminated its existing custody agreement and foreign custody manager agreement with BNY (collectively, the "Prior Custody Agreements"). Other than ordinary course payments under the Prior Custody Agreements through the effective date of termination, no termination or other fees are payable by the Trust in connection with the termination of the Prior Custody Agreements.

01. Financial Statements and Exhibits

Item 9.01. Financial Statements and Exhibits. (d) Exhibits 1.1 1.2 1.3 Fund Administration and Accounting Agreement between the Trust and The Bank of New York Mellon. Custody Agreement between the Trust and The Bank of New York Mellon Foreign Custody Manager Agreement between the Trust and The Bank of New York Mellon

SIGNATURES

SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. GUGGENHEIM TAXABLE MUNICIPAL BOND & INVESTMENT GRADE DEBT TRUST Date: December 15, 2025 By: /s/ Amy J. Lee _____ Name: Amy J. Lee Title: Chief Legal Officer and Vice President

View Full Filing

View this 8-K filing on SEC EDGAR