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

BLACKROCK Municipal Income TRUST

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Comment by Cptnkrkon Aug 03, 2018 9:32am

94 Views

Post# 28409526

RE:Stock price should be @ 7-8 right now

Yeah, it takes time for the market to react.

Pre news release the stock closed at 4.35$. At the heat of the summer slump the price closed at 4.10$ on the 26th of July.

With this huge news release all the swing traders and sell on news people start to influence the stock in strange ways. I wonder what the stock price would be right now if there was no news release...

Anyhow, me personally I see this as a great buying opportunity and hope this price stays at these levels for another week so I can load up. I think it's not just me doing that either.

GL

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