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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 PT12345on Feb 22, 2021 8:36am
60 Views
Post# 32624494

RE:For those who dont know,from 2018!

RE:For those who dont know,from 2018!q4 - FAF investment it was................................................................ 

q4 I dont mind your cheering  even thought you forward no new info
but now you are simply bs-ing the board

HEXO cashed in all their FAF debentures (too early 4sure) - and have none left at the moment
a simple check in sedat will tell you that - my guess is you have all your eggs in the same basket

INNER SPIRITS - reatil outlets HEXO is partner in this venture
https://www.newswire.ca/news-releases/inner-spirit-holdings-announces-75th-spiritleaf-retail-cannabis-store-opening-889052610.html

fyi re: FAF

On July 26, 2018, the Company purchased $10,000 in the form of unsecured and subordinated convertible debentures to an unrelated entity, Fire and Flower (“FAF”). The convertible debentures bore interest at 8%, which was paid semi-annually and matured July 31, 2020. The convertible debentures included a conversion feature which allowed for the conversion of the debenture into common shares of FAF at the lower of $1.15 and the share price as defined within the agreement. The Company obtained the debenture as a part of a HEXO Corp. 2020 Consolidated Financial Statements 16 strategic investment into the private retail cannabis market. The convertible debentures are measured using a level 2 valuation methodology under the fair value hierarchy. The debentures had the option of being converted into common shares or a loan on July 31, 2020, which bore interest at 12%, at the holder’s option. On January 23, 2020, $3,000 of debentures were converted using a conversion rate of $1.15 into 2,608,695 common shares of FAF. The Company then fully disposed of these shares on January 27, 2020 at an average market price of $1.0541 for total proceeds of $2,724, net of commission expenses amounting to $26. On February 11, 2020, the remaining $7,000 of debentures were converted using a conversion rate of $1.15 into 6,086,956, common shares of FAF. The Company fully disposed of these shares on February 18, 2020 at an average market price of $0.75 for total proceeds of $4,504 net of commission expenses amounting to $61. The accrued and unpaid interest on February 11, 2020, was $367 which was settled through the issuance of 319,377 common shares of FAF to the Company (Note 11). The realized loss for the year ended July 31, 2020 was $4,396.
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