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.

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BLACKROCK Municipal Income TRUST > Warrants

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Comment by quinlashon Mar 01, 2021 8:46am

82 Views

Post# 32683973

RE:RE:RE:Warrants

Good Morning Green,

I contacted HEXO IR and they responded with the revised conversion ratio and since posted the same information on their FAQ page on the website.

Taken from FAQ Section

... In particular, the number of HEXO common shares subject to the right of purchase under each HIP ‎warrant has been adjusted from 0.06332 of a HEXO share to 0.01583 of a HEXO share ....

... As a result of such adjustment, 63.17 HIP warrants would have to be exercised to acquire one HEXO share, at an exercise price of $1.00 each and an aggregate exercise price of $63.17 (as opposed to 15.79 HIP warrants having to be exercised to acquire one HEXO share, at an exercise price of $1.00 each and an aggregate exercise price of $15.79 before the consolidation).

Link to FAQ Section
https://www.hexocorp.com/faq/