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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 Select55on Oct 19, 2021 1:06pm
80 Views
Post# 34023222

RE:Be prepared for huge writedowns

RE:Be prepared for huge writedownsthe 360 million in debetures if not rewritten and are indeed turned into shares will not bod well for us at all;;;
trader53 wrote: They will cleanup the balance sheet before the new CEO takes over and anyone that thinks there will not be skeletons on the balance sheet will be proven wrong soon. I still maintain that before the end of 2021 we will see another equity raise and following this in 2022 we will see another rollback. Thats not to mention the 350 million of debt that will come due in 2023 which you must assume will be settled in shares. What is the real risk reward profile of Hexo? 


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