Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust : 2022 GBAB Municipal Income by State

Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust

2022 TAX INFORMATION

March 2023

Dear Shareholder:

The following information is provided by the Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust (the "Fund") to assist in the preparation of your 2022 income tax returns. Please retain this information in your files for tax purposes.

Under the Internal Revenue Code, 70.93% of the distributions made by the Fund in 2022 are taxable as ordinary income for Federal income tax. Please consult your tax advisor concerning the application of the state and local taxes to these distributions.

The following percentages represent the portion of the earned income from municipal securities by the Fund in 2022 by each respective state:

Alabama	1.64%	Montana	0.00%
Alaska	1.36	Nebraska	0.03
Arizona	0.17	Nevada	0.02
Arkansas	0.05	New Hampshire	0.63
California	11.92	New Jersey	2.93
Colorado	1.28	New Mexico	0.00
Connecticut	0.04	New York	5.38
Delaware	0.00	North Carolina	0.04
District of Columbia	0.17	North Dakota	0.01
Florida	0.35	Ohio	3.43
Georgia	1.44	Oklahoma	2.33
Guam	0.00	Oregon	0.02
Hawaii	0.04	Pennsylvania	4.16
Idaho	0.01	Puerto Rico	0.24
Illinois	4.54	Rhode Island	0.01
Indiana	2.74	South Carolina	1.44
Iowa	0.03	South Dakota	0.01
Kansas	0.01	Tennessee	0.21
Kentucky	0.10	Texas	7.70
Louisiana	0.31	Utah	0.13
Maine	0.01	Vermont	0.00
Maryland	0.09	Virginia	0.23
Massachusetts	1.20	Washington	6.36
Michigan	2.34	West Virginia	2.89
Minnesota	0.09	Wisconsin	0.27
Mississippi	0.50	Wyoming	0.01
Missouri	0.10	USVI	0.00

Additional Information:

This information is provided as a guide to assist you in your preparation of your 2022 income tax returns. Please consult your tax advisor or your state/local tax authorities regarding your particular tax situation. Please contact Guggenheim Funds Distributors, Inc. at [phone], if you need further information.