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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 gbengaon Dec 27, 2019 12:17pm
163 Views
Post# 30494168

Painful but necessary. Gonna be a long ride back up but ...

Painful but necessary. Gonna be a long ride back up but ...Remember that Buckleys cough syrup commercial?  The Cannabis sector will exhibit strange, anomalous financing deals to survive in the first three quarters of 2020 but in the end those who have to do the needed and bear the agony and bitterness of these financing rounds will make it. Not sure how bad HEXO's cash need is but at least HEXO is on the forefront of the companies making the painful choices early.  (1) They dumped their original financial outlook when others were too scared to even disclose; (2) they cut staff when others were afraid to send "wrong" signals; (3) they let CFO go when his plans were not compatible with these needed painful changes; (4) CEO re-invested the bulk of his earlier windfall back into the company when other would have taken the loot and ran; (5) they have now added $100M guaranteed money in these headwinds when some majors are struggling to get even $25M. Molson probably called these shots and if so it may be a precursor to better days and partnership.  DYODD
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