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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 catfacesupremeon Jul 17, 2018 9:21am
120 Views
Post# 28325831

RE:RE:RE:RE:So why are we crashing ?

RE:RE:RE:RE:So why are we crashing ?I disagree, we're looking at the end of prohibition on a $10B-$20B industry by 2019.  The CA LP's will have a leg up on the competition related to running large multi-billion dollar companies in a new industry which will allow them to branch out into new markets.  Bruce Linton said it best last week on Mad Money, Canada is the warm-up for the bigger global market.  Hexo will need an international strategy in the near term, but can thrive in the Canadian market until then thanks to the supply deal with QC.  The cash they have on hand makes it all the more exciting to see what direction they're going to go. 

Everyone forgets about the 400% gains this stock has enjoyed over the past year when the stock goes down 20-25%.  Patience on red days, as you'll need to be able to stomach short term losses if you're not day trading / swing trading. 
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