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 > Our ceo cut 20% of workforce,shut down one plant

<< Previous

Bullboard Posts

Next >>

Comment by Rothchildishon Jan 18, 2020 8:04am

94 Views

Post# 30568335

RE:Our ceo cut 20% of workforce,shut down one plant

So what. Those wasted expenses can never be recuperated, that money is gone. Just think of it like shares, they got money in exchange of shares, they burned that money, thoses shares are now worthless, repeat that operation a couple of time and the whole structure becomes worthless. The shutdown doesnt mean zero expenses, they need to do some maintenance or the building/equipments will fall into disrepair