BlackRock Core Bond Trust (the Trust) is a diversified closed-end management investment company. The Trust's investment objective is to provide current income and capital appreciation. The Trust invests at least 75% of its assets in bonds that are investment grade quality at the time of investment. The Trust's investments will include a range of bonds, including corporate bonds, United States government and agency securities and mortgage-related securities. The Trust may invest directly in such securities or synthetically through the use of derivatives. The Trust may invest up to 25% of its total assets in bonds that are rated, at the time of investment, Ba/BB or below by Moody's Corporation, Standard & Poor's or Fitch or that are unrated but judged to be of comparable quality by its investment advisor. BlackRock Advisors, LLC is the Trust's investment advisor. Its sub-advisor is BlackRock Financial Management, Inc.