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 is the best in marijuana sector, only 33 mil shares

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Comment by Keeleron Feb 20, 2023 6:47pm

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Post# 35295407

RE:Hexo is the best in marijuana sector, only 33 mil shares

Well, Hexo actually sits at 43 million shares - but everyone makes typos.

The reason they sit at 43 millions hares is because they did a 14-1 reverse split - so with that, the share count went from 600 million to 43 million.

They did the 14-1 r/s split in order to prevent being de-listed from Nasdaq - and to satisfy a covenant of their $180 million backtop fianncing - put in place to service the $200+ million Tilray debt.

Share count isn't something I'd be pushing if I were trying to promote Hexo