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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 Hobbie4on Jan 24, 2023 8:05pm
121 Views
Post# 35243789

Coul be a law action regarding the consolidation

Coul be a law action regarding the consolidationNobody seems to be interested on what they did, but they didn't do what they were supposed to do. Someone, somewhere made some big money on the consolidation when they didn't round up the fractional shares.... I have 2 portfolios  in which I had Hexo shares and coincidentally when the did the consolidation, both of the fractional shares were above 0,5 and they round them down instead of up. Check your accounts and see if you experienced the same. Read the press released from Hexo dated on December 14th, 2022. IMO, there is something who is not right. Or is it a pure coincidence??????
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