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 > Redecan chose Hexo....

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Comment by Rotalucepson Oct 08, 2021 2:57pm

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Post# 33989984

RE:RE:RE:RE:Redecan chose Hexo....

Touran77 wrote:

VeritasVern wrote: Exactly Keeler, what proof is there that there was a competing offer? Redecan told SSL that? Hahaha, can't believe he fell for that and mortgaged the entire company on that deal. The $516 million in cash is the killer achilles heel. Too bad Hexo will have to do another share offering as sales of Rede wont be coming in on time to keep all the lights on. Mis-calculation on the bag-holders side for sure.

Keeler wrote: There is no evidence of another offer - and given that SSL is known to lie, he is hardly a reliable source.
Regardless - Hexo offerred $400 million CASH (total $516 million cash) and $600 million stock. Redecan still had lots of opportunity with $600 million in stock if Hexo actually lived up to their hype - if Hexo doesnt, the Montour family still had $400 million ($516 million) in hand, as they laughed at getting SSL drunk and signing those agreement papers.

quebec4ever - (10/7/2021 8:41:11 PM)
Redecan chose Hexo....
Because they saw the potential of the Hub and Spoke model.Dont listen to naysayers .....I believe there was an offer at 1.4B ....you think Sebastien is stupid to fall for the old trick of a fake offer! Come on this is very big money .....Redecan went where they saw more potential !

Verny why can't you be honest.

I CAN'T know if true.
You CAN'T know if true.
We can only speculate on it.

Based on the fact that CEO said it, my guess is that it is true. As simple as because Ceo can be sued for saying things like this if not true.

With Tilray openly saying they want to acquire companies, my bet is also on Tilray being the other offer.
Hexo's model and market cap is probably the reason why Redecan chosed Hexo.

As for the 116M, I will post once again right after that the proof/link that this was paid/Settled at close of transaction with Hexo :).

Tonto

Redecan choose Hexo because of the $400 millions in cash. Shares in a volatile market can drop by a lot and they did. $400 millions is still $400 millions while your shares lose value since many months.

Stop pumping Hexo pretending that Redecan prefered to get less because Hexo was so great!
It was very well explained here that a deal in shares is not the same as a deal with shares and a lot of cash.

The $400 in cash made the difference. Stop polluting the group you !diot.

DO you get it or it needs to be bigger so your brain can understand?

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