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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

Post by trader53on Oct 18, 2021 5:19pm
183 Views
Post# 34020063

With a new CEO Hexo will clear the decks with huge writeoffs

With a new CEO Hexo will clear the decks with huge writeoffsThey will use this opportunity to do a deep dive into the financials and clear up all the hidden problems and you have to know there will be many hidden problems. A severance payout of $28,000,000.00 will put a dent into their cash position. Now more than ever I fully expect another equity raise before the end of 2021 followed by yet another rollback in 2023.The dip buyers are now on life support!
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