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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 Rututuon Jan 21, 2020 10:09pm
192 Views
Post# 30580835

RE:RE:RE:2.0

RE:RE:RE:2.0I understand how you and other SHs feel about the added 20M$ cash raise. I wasn't pleased when I heard the news either. At the same time, I sensed at the meeting that HEXO management wants to place less emphasis on selling flower and rather focus more on derivatives and the processes that they developed and patented. There is indeed more profit in derivatives but the technology as well if sold as a service. In order to get this right, HEXO has to make sure that they have enough money and time to get there. It's clear that HEXO is not counting on provincial governments( especially not La Belle Province) to help them achieve their objectives. IMO they had a to make a very unpopular decision at a very challenging time. Who can blame them for seeking an added margin of safety given the uncertainty they've experienced to date... 
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