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 > Q1

<< Previous

Bullboard Posts

Next >>

Post by Skateron Dec 14, 2021 10:05am

100 Views

Post# 34228499

Q1

Biggest problem is cash. $56M as at Oct 31 and they used the same amount in Q1 for ops. So to fund they are issuing shares at market. There is no way the share price will climb based on the rate of selling new shares (ATM). Already over 400,000,000 shares (yes 400MM) o/s as of December 14, at current share price, projecting over $700MM (yes 700MM) shares will be outstanding, assuming the debt holders continue to take shares for debt. Piece of the pie is getting smaller and samller. This one is a ways off from turning the corner.

<< Previous

Bullboard Posts

Next >>

Morning Market Outlook for May 3, 2024