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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 quinlashon Jul 15, 2021 6:45pm
86 Views
Post# 33556949

RE:RE: Coin flip

RE:RE: Coin flip NY is screaming for money, Cali needs cash and i sure there are many more states needing job creation and tax revenues.  I am thinking the Governors of those states are placing pressure on the Senate to get things moving sooner than later.

We have 18 states legal, once we start approaching the half way mark of the majority of states i can also see more pressure mounting on the Senate and more questions being asked why the Feds have not legalized if the majority of states have it legal anyway.

The Dems may want to drag their heels on the subject to win votes in the next US election but I really don't think the lobby groups and states needing jobs and tax dollars are going to let things go that long without real progress on legalization, at minimum a definative timeline / roadmap to Fed level legalization

HEXO is in there with or without legalization, they're using Colorado as their main point of operations and will be expanding into more states as they can within the current laws.  Certainly would be nice to know which other states that will include and when

Q



Fastvinny wrote: yeah , chances of passing are pretty decent.
both the reps and dems will tweak it all out...and it will bounce one side to the other until they agree...all govt want to put their hands onto riches..tax revenues are just too big to pass    


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