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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

Comment by Skateron May 08, 2020 1:02pm
66 Views
Post# 31003977

RE:RE:RE:RE:S#it revenue for Cronos...

RE:RE:RE:RE:S#it revenue for Cronos...quin, you're usually fair in your posts.  hmmm.  You know that Hexo's term debt is what drove the need and timing of the $40 million raise, yes?  And the convertible debentures are no where near a decent conversion price, correct?  And $80 million is the cash balance in the last released financials, yes?  Even the company said they need $150 million to make the year, so the $40 million isn't enough.  They can't operate their way out of this shortfall.  When you said Cron is at $5, same number of shares, Hexo should therefore be at $5 - that is very misleading, esp when you compare balance sheets.  IMO

Skater
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