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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 Vegas63on Mar 29, 2023 12:22pm
165 Views
Post# 35367113

People living in glass houses

People living in glass houses Shouldn't  throw stones ,,,

As Keeler  pointed out  Hexo is sliding in the wrong direction  ,,, the past month has been dismal 
for Hexo   ,,,, here is how it's been for a few other Marijuana Companies in the past month 

Canopy Growth    - .70  cents    ( - 22.08 % )
Tilray                      - 42 cents      ( - 10.91 %  )
VFF                         - 21 cents      ( - 20.63 %  )
Cura Leaf               - 97 cents      ( - 19.72 %  )
Aurora                     - 15 cents      ( -  18.43 % )
Sundial                    - 35  cents      ( - 18.35 % )

 I  could go on and on but I  think  you can see the picture  ,,,,without singling  any Company out
The average  percentage loss   for these  Companies was around   - 20 %  last month ,,.

Some of these Companies stock prices  are already below  1 dollar,,,,,others  are at 2 to 3 dollars 

So  at a loss of  - 20 %  per month  for the above mentioned Companies ,,,,and  the losses
continue at that rate  that would mean they   ALL  have 5 months before they hit   ZERO

Yes Keeler  ,,,  Hexo is included   but they are not alone  ,,,,

The  numbers provided are facts and were taken a few minutes before I wrote this post  ,,,,

The Marijuana sector  in my opinion will turn around  ,,,,how long it takes is anybody's  guess ,,

Hopefully soon ,,, or it could be a photo finish  ,,,,,,

Vegas 


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