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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

Post by quebec4everon May 25, 2022 7:49pm
128 Views
Post# 34707799

Shareholders from 2017 received positive returns??

Shareholders from 2017 received positive returns??Could you believe they stated such BS? https://miamistandard.news/2022/03/01/marijuana-producer-hexo-touts-significant-shareholder-return-despite-tumbling-stock-price/ "In the next sentence, Hexo uses the numbers to justify skyrocketing executive compensation. During the same period, total compensation received by (executives) increased in line with this trend as the transaction was completed and the Corporation raised substantial capital and significantly expanded its business, according to the filing. Based on the growth and results of the corporation over this period and the return to Shareholders, no material misalignment exists between the compensation of the (executives) and the return to shareholders. The filing doesnt identify the transaction Hexo conducted during that particular year. In 2017, Hexos highest-paid executives collectively earned CA$1.4 million in total compensation. That rose to CA$3.5 million the following year. In 2019 and 2020, the figures rose again to CA$15.2 million and CA$15.8 million, respectively, before falling to CA$8.6 million in 2021. When queried by MJBizDaily about the disclosure, Hexo said it wasnt a mistake. Over the 4-year time period between March 21, 2017 and July 31, 2021, Hexos shareholders have on balance received positive total cumulative returns, a spokesperson told MJBizDaily"
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