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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 VeritasVernon Jan 24, 2020 5:19pm
69 Views
Post# 30596896

These negative comments are not hilarious

These negative comments are not hilariouswith no stubstantial good news likely to be released in a long while, a high burn rate due to costs being much much larger than sales, which will be for a very long time if ever profitable. Add in the fact they will need to spend to defend (lawsuite) these stocks will continue to trend down. How low is anyone's guess but I wouldn't be surprised to see $1.20 - 1.40 range in several months. Keep in mind if this stays below $2.00 for a substantial period of time they risk being delisted from the TSE. Before that happens institutionals and funds will begin to unload on mass. Just pointing out some of the risks here.
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