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 > Hexo down 9%; Weed up .22% Tlry down .87%

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Comment by VeritasVernon Jun 14, 2021 11:02am

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Post# 33381467

RE:RE:RE:RE:Hexo down 9%; Weed up .22% Tlry down .87%

Touran77 wrote:

VeritasVern wrote:

Touran77 wrote:

VeritasVern wrote: make no mistake, the decline to Hexo sp is financials related.

Thanks mr. Obvious :p.

Certainly holding better than I expected so far. Worst miss of forecast since I'm here and only down 10%.
Careful of how it'll change trends in the next couple of weeks.

GLTA

We sometimes have to be "obvious" because some of you live with rose colored glasses. Donw only 10%, thats funny. This week could be ugly and I would say good luch holding on to $7+. Cdn. Next financials should be even worse with further impairment costs, $300 hundred million cash outlay for Redecan and share dilution. Looks like Hero SSL is following in the footsteps of ACB.

We missed sales by 30%, yes ONLY 10%.

I've said it many times and last time I said it was Friday. Bad earnings probably 10% down and good could have gone to 8.50 usd which was a 30% increase. Risk to reward was good there especially if you had bought in April. Let's not kid ourselves, we are holding well so far (7.5% right now).

What helps Hexo is probably because they were already undervalued. Just my guess :).

Even You are probably surprised that it didn't go lower than that. I guess we have a few bulls buying the dip.

All about weekly support at 5.64 and 5.02 USD now.
GLTA

You never said if there were bad earnings this would go down 10%. What BS and quoting things 'after the fact'. Good luck with holding onto $7 Cdn this week.

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