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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

BLACKROCK Municipal Income TRUST
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Post by CanadianKiaon Oct 29, 2021 10:48am
88 Views
Post# 34063139

on paper

on paperlooks like postivie momentum, but debt and a lack of explanations from their senior team is freaking me out


 

10:30 AM EDT, 10/29/2021 (MT Newswires) -- HEXO Corp. (HEXO.TO), a licensed producer of cannabis products, on Friday reported a total net and comprehensive loss of $68.0 million in the fourth quarter of its fiscal 2021, narrowing from a year-ago loss of $169.5 million.

The company, which at last look dropped 4.2% on Nasdaq and was down 4.4% on the TSX in early Friday trading, said Total revenue increased to a record $38.8 million from $27.1 million.

For fiscal 2021, HEXO trimmed its total net and comprehensive loss to $113.6 million from $546.5 million while revenue jumped to $123.8 million from $80.8 million.

During the fiscal year, HEXO said it was able to increase its market share in several Canadian provinces, including Ontario, Alberta and British Colombia, while maintaining a top-two market share in Quebec.

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