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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

BLACKROCK Municipal Income TRUST > Additional Cash
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Comment by SaltyJimon May 21, 2020 9:29am
75 Views
Post# 31055450

RE:RE:Additional Cash

RE:RE:Additional CashTo convert debenture debt, in priority position to equity....to equity.  Is very bullish; particularly since management and insiders had almost 8million of that and converted.

Now with the balance sheet considerably strong and cash on cash liabilities reduced materially, equity got diluted (sure, yes) but all of these signs (.90 cent raise) are very bullish.

Insiders, know what's coming.  Follow their lead.    (following their lead on a debenture deal would have been smart back in the fall eh?).     

Imagine how many more shares they get for their money now?
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