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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 Keeleron Feb 27, 2023 4:44pm
66 Views
Post# 35308145

RE:green is good..

RE:green is good.. v.......the 'floor' you keep referring to occurred last December at about $ 1.25 (or about .09 cents pre split).
Some on this board thought the bottom was .15 cents, so loaded up at .155 - but they were incorrect, relying on faulty analysis while ignoring real life events.

Yes, if you were a new investor who bought in since December and have held - or bought and sold or if you're into day trading, Hexo HAS proven to be a worthwhile investment as it climbed to the current $2.46. Good for you.

However, for long term investors - including yourself based on your post history and declarations - $2.46 translates into .175 cents pre split. In other words, while you have re-gained some of your losses on your Hexo investment - it seems unlikely that you'll ever come close to recovering your investment completely.
Your days of 'Penny Cost Averaging' where you posted that you made purchases each time the share price dropped one cent are over - now that the share price is $2.46 - which require a sizeable investment to continue to average down.

Good to you v - and to all the otehr longs and congratulations to those who have profitted since the reverse split. Be careful however, as some more 'real life events' are coming in the next few weeks. 



  


 


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