SUB‑INVESTMENT ADVISORY AGREEMENT
This SUB‑INVESTMENT ADVISORY AGREEMENT dated December 2, 2019 (this “Agreement”), among BlackRock Core Bond Trust, a Delaware statutory trust (the “Trust”), BlackRock Advisors, LLC, a Delaware limited liability company (the “Advisor”), and BlackRock International Limited, a corporation organized under the laws of Scotland (the “Sub‑Advisor”).
WHEREAS, the Advisor has agreed to furnish investment advisory services to the Trust, a closed‑end management investment company registered under the Investment Company Act of 1940, as amended (the “1940 Act”); and
WHEREAS, the Advisor wishes to retain the Sub‑Advisor to provide it with certain sub‑advisory services as described below in connection with the Advisor’s advisory activities on behalf of the Fund; and
WHEREAS, the investment management agreement between the Advisor and the Trust, dated November 21, 2014, as amended from time to time (such agreement or the most recent successor agreement between such parties relating to advisory services to the Trust is referred to herein as the “Advisory Agreement”), contemplates that the Advisor may appoint a sub‑adviser to perform investment advisory services with respect to the Trust; and
WHEREAS, this Agreement has been approved in accordance with the provisions of the 1940 Act, and the Sub‑Advisor is willing to furnish such services upon the terms and conditions herein set forth.
NOW, THEREFORE, in consideration of the mutual premises and covenants herein contained and other good and valuable consideration, the receipt of which is hereby acknowledged, it is agreed by and between the parties hereto as follows:
The Sub‑Advisor represents, warrants and covenants that it is authorized and regulated by the FCA.
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The rights accruing to any Indemnitee under these provisions shall not exclude any other right to which such Indemnitee may be lawfully entitled.
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[Signature Page Follows]
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IN WITNESS WHEREOF, the parties hereto have caused this instrument to be executed by their duly authorized officers designated below as of the day and year first above written.
BLACKROCK ADVISORS, LLC
By: /s/ Neal J. Andrews
Name: Neal J. Andrews
Title: Managing Director
BLACKROCK INTERNATIONAL LIMITED
By: /s/ Jeremy Agnew
Name: Jeremy Agnew
Title: Managing Director
BLACKROCK INTERNATIONAL LIMITED
By: /s/ Jeanette Teo
Name: Jeanette Teo
Title: Director
BLACKROCK CORE BOND TRUST
By: /s/ John Perlowski
Name: John Perlowski
Title: President and Chief Executive Officer
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SUB-INVESTMENT ADVISORY AGREEMENT
AGREEMENT dated December 2, 2019, among BlackRock Core Bond Trust, a Delaware statutory trust (the “Trust”), BlackRock Advisors, LLC, a Delaware limited liability company (the “Advisor”), and BlackRock (Singapore) Limited, a corporation organized under the laws of Singapore (the “Sub-Advisor”).
WHEREAS, the Advisor has agreed to furnish investment advisory services to the Trust, a closed-end management investment company registered under the Investment Company Act of 1940, as amended (the “1940 Act”); and
WHEREAS, the Advisor wishes to retain the Sub-Advisor to provide it with certain sub-advisory services as described below in connection with the Advisor’s advisory activities on behalf of the Trust; and
WHEREAS, the investment management agreement between the Advisor and the Trust, dated November 21, 2014, as amended from time to time (such agreement or the most recent successor agreement between such parties relating to advisory services to the Trust is referred to herein as the “Advisory Agreement”), contemplates that the Advisor may appoint a sub-adviser to perform investment advisory services with respect to the Trust; and
WHEREAS, this Agreement has been approved in accordance with the provisions of the 1940 Act, and the Sub-Advisor is willing to furnish such services upon the terms and conditions herein set forth.
NOW, THEREFORE, in consideration of the mutual premises and covenants herein contained and other good and valuable consideration, the receipt of which is hereby acknowledged, it is agreed by and between the parties hereto as follows:
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[Signature Page Follows]
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IN WITNESS WHEREOF, the parties hereto have caused this instrument to be executed by their duly authorized officers designated below as of the day and year first above written.
BLACKROCK ADVISORS, LLC
By: /s/ Neal J. Andrews
Name: Neal J. Andrews
Title: Managing Director
BLACKROCK (SINGAPORE) LIMITED
By: /s/ Patrick Leung
Name: Patrick Leung
Title: Managing Director
BLACKROCK (SINGAPORE) LIMITED
By: /s/ Deborah Ho
Name: Deborah Ho
Title: Managing Director
BLACKROCK CORE BOND TRUST
By: /s/ John Perlowski
Name: John Perlowski
Title: President and Chief Executive Officer
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