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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 LowGradeBillon Mar 03, 2022 11:10am
92 Views
Post# 34479150

RE:Need Improvement

RE:Need ImprovementSorry, posted that without message and can't delete... From a functions standpoint, Hexo's strengths include a big facility with room for more expansion and great position as a distribution hub just off the 401. They are investing in production equipment and lead the market for pre-rolls. Their biggest weakness seems to be in their work force. A huge number of their floor employees are funneled through an employment agency and so work without any job security, assurance of future benefits, clear opportunity for advancement, and they make less than the people they work beside. Some are in perpetual probation, good enough to keep on but not being hired by Hexo directly. This mishmash of workers are thrown in the mix with unstructured floor training and unclear standards. There is a LOT of waste/rework/consumer complaints due to miscommunication (in planning as well) and lack of thoroughness. There are many quality assurance employees who see errors after the fact but don't catch and correct them in time. Money is wasted in materials, packaging errors, excise stamp loss fines, and misused labour. Wages are not particularly competitive and so quality employees are regularly lost. As an Aphria to Tilray investor, I am resigned to waiting a few years before seeing the true returns. However, Tilray must send in some efficiency experts if they want to right the ship and make Hexo profitable again and no amount of board and c-suite shuffling will change that.
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