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 > SO SAD

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Post by goldman777on Dec 19, 2022 2:54pm

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Post# 35180394

SO SAD

We all take our lumps and bruises but HEXO is just plain sad. My condolences to all who have rode this down and seen their dreams dashed.

Just brutal, reminds me of a rare earth play I got slaughtered on about 10 years ago...and I mean slaughtered.

But the sun did shine another day, as it will for the beleagured longs here.

I am almost tempted to re-enter and take a position here but with more rounds financing on the horizon with a gazillion attached warrants - my gut says NO !

Maybe an optinistic New Years bounce is in the cards, but if there is I can see long holders of this issue tripping over themselves as they rush to the exits.

Unfortunately a losing stock is just that - a losing stock.

GLTA

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