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

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Post by Quietinvestoron Nov 22, 2020 10:18am

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Post# 31948644

REVERSE SPLIT - KNOW THE RULES 5 - THE RATIO

Why 8:1?

The company must carefully consider what ratio to apply to its reverse stock split, including reviewing applicable law. Consideration should also be given to exchange listing standards. For example, the NYSE requires at least (a) 400 holders, (b) 1,200 holders and an average monthly trading volume of at least 100,000 shares for the most recent 12-month period, or (c) 600,000 shares held publicly. The ratio 8:1 of the split has been extensively researchd by HEXO ,who has determined that to continue to meet the NYSE listing rules going forward, 8:1 is the preferred ratio.

GLTA

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