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.

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BLACKROCK Municipal Income TRUST > HEXO + NewStrike

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Comment by Alpha007on Dec 07, 2021 4:53pm

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Post# 34208120

RE:HEXO + NewStrike

You also have to understand aside from the acquistion being bad for longer term Newstrike shareholders, new Newstrike shareholders before the annoucment took ALOT of the last bit of value out of HEXO. Lets do the math;

Say I'm a big player and put $100K into Newstrike at $0.6 (That's 166,666.67 shares). HEXO comes along and does deal, I receive 0.06332 HEXO per Newstrike = 10,553.33 shares, at the time was trading around $35-45 that's $400K+......I now wanna sell off and run to the hills with all my profits lol, so there behins that massive selling pressure. Just look at the chart and volumes Starting end of April 2019. What a bad deal lol.

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