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

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Post by Nordiqueson Aug 04, 2018 2:54pm

215 Views

Post# 28415030

"(...) what the news will be on October 17th"

From that vice article:
https://free.vice.com/en_ca/article/ev85pp/should-you-buy-pot-stocks-before-or-after-legalization

“Summer in Canada is a low period for the stock market, and October is a notoriously bad month for the market,” said Hamish Sutherland, CEO of White Sheep Corporation, a company that is both in the cultivation and investing side of the cannabis industry. “I’ve always said, buy on rumour, sell on news. And well, we know what the news will be on October 17th.”

Does he mean that we should sell on October 17th ($$$) or is he implying that since we already know what the news will be on October 17th, it will be disappointing big news (not a lot of $$$ to be made)?

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