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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 VeritasVernon Oct 29, 2021 2:41pm
136 Views
Post# 34065164

With a 10% decline today, so far

With a 10% decline today, so far I guess the debate as to whether the company was going to have good fins results or not is now clear. Right boys. The gamble to hold/buy in just the last several weeks proved to be wrong, but the warning signs were there, SSL abruptly gets fired just weeks before today as the key one. Why because the poor financials was the rationale for making the move to oust him. 
Buying on the technical chart reading, determining oversold positions or using pathetic book value has limitations and is useless unless you understand news releases and how to interpret them.    
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