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BLACKROCK Municipal Income TRUST V.BFK.P


Primary Symbol: BFK

BlackRock Municipal Income Trust (the Fund) is a diversified closed-end management investment company. The Fund's investment objective is to provide current income exempt from federal income taxes. Under normal market conditions, the Fund invests at least 80% of its managed assets in investments the income from which is exempt from federal income tax (except that the interest may be subject to the alternative minimum tax). The Fund may invest directly in securities or synthetically through the use of derivatives. The Fund's investment policies provide that it invests at least 80% of its total assets in investment grade quality municipal obligations issued by or on behalf of states, territories and possessions of the United States and their political subdivisions, agencies or instrumentalities, each of which pays interest that, in the opinion of bond counsel to the issuer, is excludable from gross income for federal income tax purposes. Its investment adviser is BlackRock Advisors, LLC.


NYSE:BFK - Post by User

BLACKROCK Municipal Income TRUST
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Post by INVINCEon Apr 08, 2020 5:11pm
267 Views
Post# 30891919

At the price of CA $0.77 per unit

At the price of CA $0.77 per unit

The underwriters of the offering have agreed to purchase 52,000,000 units of the company for total gross proceeds to the company of approximately CA $40 MILLION.
In addition the company has granted the underwriters a 30 day option to purchase up to an additional 7,800,000 units offered under the offering under the same terms and conditions.

This offering is set to be closed on or about Monday April 13, 2020 

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